80219: Financials I in Microsoft Dynamics AX 2012

This course explores some of the basic financial functionality available in Microsoft Dynamics AX. You will be introduced to set up processes in general ledger, accounts payable, accounts receivable, and the bank module, as well as how to enter transactions in each.

Certification:

This course is a part of the Microsoft Dynamics AX 2012 Financials (MB6-871) exam.

What You Will Learn

• Set up general ledger
• Set up a chart of accounts
• Set up journals
• Enter general ledger transactions
• Set up sales tax components
• Set up reason codes and use the fill utility
• Set up bank accounts and bank parameters
• Enter bank transactions
• Set up accounts payable
• Enter accounts payable transactions
• Set up accounts receivable
• Enter accounts receivable transaction

Audience

Partners, customers, and other end users of the financial modules in Microsoft Dynamics AX

Prerequistes

• Working knowledge of Microsoft Dynamics AX
• Basic accounting knowledge and terms

Course Outline

1. General Ledger Setup

• Currency and Exchange Rate Setup
• Periods and Fiscal Year Setup
• Date Intervals
• Reason Codes
• Financial Dimensions
• Financial Dimension Sets
• Period Allocations

2. Chart of Accounts Setup

• Main Account Categories
• Chart of Accounts
• Main Account Information
• Main Account Administration Information
• Main Account Setup Information
• Configuring Account Structures
• Advanced Rules
• Ledger Setup
• Accounts for Automatic Transactions
• Inquiries and Reports Related to the Chart of Accounts

3. Journal Setup

• Journal Setup
• Journal Controls
• Journal Descriptions
• Balance Control Accounts
• General Ledger Parameters

4. General Ledger Daily Procedures

• General Ledger Journals
• Enter General Ledger Transactions
• Posting Multiple Journals
• Approval Journals
• Gathering Data for an Approval Journal
• Voucher Templates
• Periodic Journals
• General Ledger Transaction Reversal
• Reversing Entries - General Journal
• Inquire and View Reports on Daily Journal Transactions

5. Sales Tax Setup

• Sales Tax
• Ledger Posting Groups
• Sales Tax Authorities
• Sales Tax Settlement Periods
• Sales Tax Codes
• Sales Tax Code Intervals
• Sales Tax Groups
• Item Sales Tax Groups
• Sales Tax Jurisdictions
• Sales Tax Transactions
• Sales Tax Exemption
• Withholding Sales Tax

6. Financial Features

• Financial Reason Codes
• Fill Utility

7. Cash and Bank Management Setup

• Bank Transaction Types
• Bank Transaction Groups
• Cash and Bank Management Parameters
• Payment Purpose Codes
• Bank Groups
• Bank Accounts
• Check Layout

8. Cash and Bank Management Daily Procedures

• Create Checks
• Delete a Check
• Deposit Slips
• Void Unposted Checks
• Refund Checks
• Bank Remittance
• Payment Reversal
• Reconcile a Bank Account

9. Accounts Payable Setup

• Payment Schedule
• Terms of Payment
• Payment Days
• Cash Discounts
• Payment Fee
• Methods of Payment
• Vendor Groups
• Accounts Payable Posting Profiles
• Accounts Payable Vendors

10. Accounts Payable Daily Procedures

• Invoice Journals in Accounts Payable
• Invoice Register
• Invoice Approval Journal
• Vendor Invoice Pool Excluding Posting Details
• Invoice Journal
• Voucher Template
• Payment Journals
• Prepayments
• Invoice Matching
• Charges to Purchase Order Invoices
• Edit Open Transactions
• Reverse a Closed Transaction
• Print Management

11. Accounts Receivable Setup

• Payment Schedule
• Terms of Payment
• Payment Days
• Cash Discounts
• Payment Fee
• Methods of Payment
• Customer Groups
• Accounts Receivable Posting Profiles
• Accounts Receivable Customers

12. Accounts Receivable Daily Procedures

• Free Text Invoice - Description and Usage
• Payment Journals
• Edit Open Transactions
• Placing an Accounts Receivable Transaction on Hold
• Reverse Settlements
• Reimburse a Customer
• Reason Codes
• Print Management

Course Labs

Lab 1: Set Up a Currency Exchange Rate

Lab 2: Create Periods in a New Fiscal Year

Lab 3: Assign Ledger Account Dimension Values

Lab 4: Enter a Main Account

Lab 5: Account Allocation Terms

Lab 6: Set Up Journals

• Set Up the Vendor Invoice Journal
• Set Up the Rent Journal
• Set Up Journal Text for the Rent Journal

Lab 7: Daily Transactions

• Create the Journal
• Create the Journal Lines
• Post the Journal

Lab 8: Daily Transactions with Balance Control

• Create the General Journal
• Validate the General Journal
• Review the Balance Control

Lab 9: Entering Periodic Transactions

• Set Up the Journal Name
• Create the Periodic Journal
• Post the Entry

Lab 10: Create a Ledger Posting Group

• Set Up the Ledger Account
• Set Up the Ledger Posting Group

Lab 11: Create a Sales Tax Authority

Lab 12: Create and Assign a Vendor to the Sales Tax Authority

• Set Up the Vendor
• Assign the Vendor to the Authority

Lab 13: Set Up of Sales Tax Settlement Periods

• Set Up the Tax Settlement
• Set Up the Periods Tab

Lab 14: Set Up Sales Tax Codes Intervals

• Edit the Tax Code Record
• Edit the Existing Line by Adding Dates
• Create the rest of the Lines

Lab 15: Comprehensive Setup of Sales Tax

• Set Up a Vendor
• Set Up accounts in the Chart of Accounts for Sales Tax Payable
• Set Up Ledger Posting Groups
• Set Up a Sales Tax Authority
• Set Up Sales Tax Settlement Periods
• Set Up Sales Tax Codes and Intervals
• Set Up a Sales Tax Group
• Record an Invoice in the Accounts Payable Journal

Lab 16: Including Sales Tax in Journal Amounts

Lab 17: EU 115 Sales Tax Directive

Lab 18: Create Bank Transaction Types and Bank Transaction Groups

• Create a Bank Transaction Type for Cash Withdrawals
• Create a Bank Transaction Type for Bank Charges

Lab 19: Create a Bank Group and Bank Account

• Create a new Account
• Create a new Bank Group
• Create the new Bank Account

Lab 20: Define a Check Layout

Lab 21: Create and Delete a Check

• Create Checks
• Delete Checks

Lab 22: Create a Deposit Slip

• Create a Customer Payment Journal
• Verify the Deposit Slip
• Cancel the Deposit Slip
• Verify the Deposit Slip is Canceled

Lab 23: Check Refund

Lab 24: Terms of Payment

Lab 25: Method of Payment, Terms of Payment, and Cash Discount

• Create a new Method of Payment
• Assign the new Method of Payment to a Vendor

Lab 26: Create a Vendor Group

• Create a new Vendor Group
• Assign the Automatic Posting to the new Vendor Group

Lab 27: Vendor Posting Profile

Lab 28: Vendors

• Create a New Vendor

Lab 29: Register an Invoice

• Pre-Register the Invoice and Transfer to an Invoice Pool
• View the Invoice in the Invoice Pool
• Create and Post an Invoice Approval Journal

Lab 30: Invoice Pool Excluding Posting

Lab 31: Invoice Journal

Lab 32: Payment Journals

• Enter Invoices
• Use the Invoice Approval Journal
• Make Payments for the Invoices

Lab 33: Set Up and Track a Prepayment

• Create a Purchase Order with a Request for a Prepayment
• Post a Prepayment Invoice
• Make a Payment for the Prepayment

Lab 34: Reverse a Closed Transaction

Lab 35: Terms of Payment

• Create a new Term of Payment
• Assign a new Term of Payment

Lab 36: Set up a Method of Payment

Lab 37: Create a Customer Group

• Create a New Customer Group
• Define Automatic Posting for the New Group

Lab 38: Set Up a Customer Posting Profile

Lab 39: Create a Customer

Lab 40: Create Free Text Invoices

Lab 41: Settlements - Enter an Accounts Receivable Payment Journal (Cash Receipt)

Lab 42: Edit Open Transactions

• Create the Invoice
• Create and Post the Payment Journal
• Settle the Invoice
• Verify the Settlement

Lab 43: Reverse a Settlement

Lab 44: Reimburse a Customer

• Set the Minimum Reimbursement Value
• Create the Free Text Invoice
• Create and Post the Payment Journal
• Settle the Invoice and the Payment
• Record the Reimbursement