80950. Finance Essentials in Microsoft Dynamics NAV 2017

Description

This course describes how to setup and manage a company's financial activities in Microsoft Dynamics NAV 2017

What are the goals for this course?

• Setup the General Ledger
• Define accounting periods
• Setup a Chart of Accounts
• Create and post journal entries
• Review recurring journals
• Create a bank account
• Apply payments
• Describe debit collections
• Define check management
• Reconcile payments
• Process payments to include discounts
• Set up and assign reminder terms and finance charge terms
• Define VAT calculation types and calculate VAT
• Transfer statement account balances
• Setup prepayments
• Close a fiscal year
• General knowledge of Microsoft Windows
• General accounting knowledge

What are the prerequisites to consume this course?

Outline

Module 01: Financial Management Setup

• General Ledger Setup
• General Ledger Actions in the Ribbon
• User Setup
• Accounting Periods
• Module 02: Chart of Accounts
• G/L Account Card
• G/L Account Categories
• Chart of Accounts

Module 03: General Journals

• Creating Journal Entries
• Link Incoming Documents
• Processing Journal Entries
• Processing Journal Posting Results
• Create and use a Standard Journal
• Recurring Journals
• Deferrals
• Reversals and Corrections

Module 04: Cash Management — Receivables and Payables

• Bank Account Overview
• Bank Account Currency Restrictions on Payments
• Customer and Vendors in Cash Management
• Processing Incoming and Outgoing Payments in NAV
• Cash Receipt Journal and Payment Journal Overview
• Applying Payments
• Reversal of Posted Journals
• Payment Registration
• Overview of Direct Debit Collections
• Direct Debit Collections
• Suggest Vendor Payments
• Check Management
• Overview of Payment Reconciliation
• Payment Reconciliation
• Bank Data Conversion Service

Module 05: Cash Management — Bank Reconciliation

• Bank Reconciliation

Module 06: Receivables and Payables Management: Customer and Vendor Invoicing

• Invoicing Options
• Invoicing Customers
• Processing Vendor Invoices
• Correcting Posted Invoices

Module 07: Receivables and Payables Management: Payment Discount and Payment Tolerance

• Set Up Payment Discounts
• Process Sales Payment Discounts
• Process Purchase Payment Discounts
• Set Up a Payment Discount Tolerance and Payment Tolerance
• Process the Payment Discount Tolerance

Module 08: Receivables Management: Reminders and Finance Charge Memos

• Set Up and Assign Reminder Terms
• Set Up Additional Fee
• Create and Issue Reminders
• Set Up and Assign Finance Charge Terms
• Create and Issue Finance Charge Memos
• Calculate Interest on Reminders
• Review Reminders and Finance Charge Entries

Module 09: VAT

• Display VAT Amounts in Sales and Purchase Documents
• Adjust VAT Amounts in Sales and Purchase Documents and Journals
• Practice: Adjust a VAT Amount in General Journal
• Unrealized VAT
• VAT Statements

Module 10: Prepayments

• Setup Prepayments
• Assign Prepayment Percentages
• Prepayments Processing Flow
• Process Prepayment Sales and Purchase
• Process Prepayment Sales and Purchase Invoices
• Correct Prepayments

Module 11: Year End Closing Processes

• Closing a Fiscal Year
• Year End Closing Entries