Duration: 2 Days
In this course, you will be given the tools and knowledge to set up the financial management application area of Microsoft Dynamics NAV 2013.
What You Will Learn
- Cash management
- Managing VAT
- Journal development and transactions
- The general ledger
- Receivables and payables management
Audience
Partners that sell and implement the finance module to customers. The typical partner has an ERP background and is strong in accounting principles.
Prerequistes
- Basic knowledge of accounting principles and procedures
Course Outline
1. Finance Management Setup
- General Ledger Setup
- Accounting Periods
2. Chart of Accounts
- Chart of Accounts Overview
- G/L Account Card
- G/L Account Card Ribbon
3. General Journals
- Creating and Posting Journal Entries
- Standard Journals
- Recurring Journals
- Processing Recurring Journals
4. Cash Management: Receivables and Payables
- Bank Account Overview
- Customer Overview
- Vendor Overview
- Cash Receipt Journal and Payment Journal Overview
- Suggest Vendor Payments
- Print and Post Payables Checks
- Voiding Checks
- Applying Payments
- Unapply Customer and Vendor Ledger Entries
- Reversal of Posted Journals
5. Cash Management
- Bank Reconciliation
- Complete a Bank Reconciliation
6. Receivables and Payables Management
- Set Up Payment Discounts
- Process Payment Discounts
- Set Up and Process Payment Tolerances
- Review the Posted Payment Discount Tolerance and the Payment Tolerance Entries
- Review Customer and Vendor Statistics
7. Receivables Management: Reminders and Finance Charge Memos
- Set Up and Assign Reminder Terms
- Set Up and Assign Number Series for Reminders and Issue Reminders
- Create and Issue Reminders
- Set Up and Assign Finance Charge Terms
- Set Up and Assign Number Series for Finance Charge Terms
- Create and Issue Finance Charge Memos
- Calculate Interest on Reminders
8. VAT
- VAT Calculation Types
- Display VAT Amounts in Sales and Purchase Documents
- Manually Adjust VAT Amounts in Sales and Purchase Documents and Journals
- Unrealized VAT
- VAT Statements
- VAT Settlement
9. Prepayments
- Setting Up Prepayments
- Set Up Prepayment Percentages for Customers and Vendors
- Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations
- Set Up Prepayments Verification
- Prepayments Processing Flows
- Prepayment Sales and Purchase Orders Overview
- Process Prepayment Sales and Purchase Orders
- Prepayment Sales and Purchase Invoices
- Prepayment Purchase Order Process
10. Year End Closing Procedures
Course Labs
Lab 1: Accounting Periods
Lab 2: Create a Revenue Account
Lab 3: Assign a Dimension to Multiple Accounts
Lab 4: Create a Journal Entry
Lab 5: Create and Post a Recurring Journal
Lab 6: Create a Bank Account
Lab 7: Apply and Post Cash Receipts
Lab 8: Enter and Post Manual Checks
Lab 9: Suggest Vendor Payments for a Single Vendor
Lab 10: Financially Void a CheckLab: Void a Check
Lab 11: Unapply Posted Ledger Entries
Lab 12: Post a Customer Payment with a Discount
Lab 13: Apply Posted Partial Customer Payments with Discounts
Lab 14: Set Up a Payment Tolerance
Lab 15: Process a Customer Payment Tolerance
Lab 16: Adjust the Vendor Payment Discount Amount
Lab 17: Set Up and Assign a Reminder Term
Lab 18: Create and Issue Reminders
Lab 19: Set Up and Assign a Finance Charge Term
Lab 20: Create and Issue Finance Charge Memos
Lab 21: Adjust a VAT Amount in a Sales Document
Lab 22: Adjust a VAT Amount in a Purchase Journal
Lab 23: Set Up Prepayments for Sales
Lab 24: Prepayment Sales Order Process with Payment Discount
Lab 25: Prepayment Sales Order Process with Unrealized VAT
Lab 26: Post an Entry into a Closed Fiscal Year
