This course covers the financial aspects of Dynamics 365: configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality.
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Course Outline
1. Get started with Dynamics 365 Finance
• Benefits of Dynamics 365 Finance
• Overview
• General ledger
• Cash and bank management
• Tax
• Accounts payable
• Accounts receivable
• Credit and collections
• Budgeting
• Fixed assets
• Cost accounting
• Electronic invoicing
2. Configure currencies in Dynamics 365 Finance
• Set up currencies and conversions
• Configure and import currency exchange rates
3. Create fiscal calendars, years, and periods in Dynamics 365 Finance
• Fiscal calendars, fiscal years, and periods
• Create fiscal calendars, years and periods
• Select a fiscal calendar
• Define budget cycle time spans
• Maintain periods for your organization
• Create date intervals
4. Get started with chart of accounts in Dynamics 365 Finance
• Plan your chart of accounts
• Multiple chart of accounts
• Set up a chart of accounts
5. Set up chart of accounts in Dynamics 365 Finance
• Main account categories
• Main account information
• Allocation terms
• Main account validation options
• Main account closing options
• Financial tags
• Accounts for automatic transactions
6. Set up financial dimensions in Dynamics 365 Finance
• Define and set up financial dimensions
• Create a custom financial dimension
• Create an entity-backed financial dimension
• Activate and delete financial dimensions
• Default dimension values
• Derived dimensions
• Set up financial dimension templates and sets
• Define and set up account structure and advanced rules
• Ledger account aliases
7. Set up ledgers and journals in Dynamics 365 Finance
• Understand the different types of journals and their setup
• Describe use cases for periodic journals
• Configure ledger and journal setup
• Configure posting layers for ledger transactions
• Discover options for implementing voucher numbers in journals
• Set up journal approvals
• Configure and use journals
• Publish journal lines to Microsoft Excel
• Reverse journal posting
• Set up batch transfer rules
8. Perform general ledger daily procedures in Dynamics 365 Finance
• Using balance control accounts
• Process a journal entry
• Work with general ledger processes
• Ledger settlements
• Create templates to edit journals in Microsoft Excel
• Create voucher templates
• Set up journal controls
9. Intercompany accounting in Dynamics 365 Finance
• Set up intercompany accounting
• Process intercompany invoices
• Post intercompany journals
• Process intercompany vendor invoices
• Trace an intercompany entry
10. Configure ledger allocations and accruals in Dynamics 365 Finance
• Configure and apply accrual schemes
• Configure ledger allocation rules
11. Configure and perform periodic processes in Dynamics 365 Finance
• Set up the Financial period workspace and closing schedule
• Bank reconciliations
• Cash application in advanced bank reconciliation
• Clear bridging payments using advanced bank reconciliation
• Run foreign currency revaluation processes
• Run trial balance
• Process end of year close
• Perform financial consolidations
12. Work with analytics and reporting in finance and operations apps
• Understand different types of reports and inquiries
• Financial reporting
• Find inquiries and reports
• Generate and consume inquiries and reports
• Configure finance and operations apps for Microsoft Power Platform
13. Configure cash and bank management in Dynamics 365 Finance
• Understand bank transaction types and groups
• Set up cash and bank management parameters
• Set up the Single Euro Payments Area (SEPA) direct debit mandate
• Set up International Bank Account Number (IBAN) structures
• Configure banks and bank check layout
• Set up bank accounts for customers
• Set up bank accounts for vendors
• Deposits and refunds
• Understand cash flow forecast and reports
• Configure cash flow forecasting
• Set up cash flow automation
• Summarize vendor and customer payments in bank transactions
14. Customer and vendor netting in Dynamics 365 Finance
• Prerequisites and setup
• Netting agreements
• Manual netting process
• Automatic netting process
• Netting history and reporting
• Reversing netting transactions
15. Set up taxes in Dynamics 365 Finance
• Configure ledger posting groups
• Configure sales tax authorities
• Configure sales tax settlement periods
• Create sales tax codes
• Configure sales tax groups and item sales tax groups
16. Work with taxes in Dynamics 365 Finance
• Withholding tax
• Sales tax exemption
• Conditional sales tax
• Sales tax on transactions
• Set up sales tax reporting codes
• Calculate and adjust sales tax
• Prepare periodic filing
17. Set up accounts receivable in Dynamics 365 Finance
• Payment schedule
• Terms of payment and payment days
• Cash discounts
• Payment fees
• Set up the credit card payment service
• Methods of payment and payment control
• Set up a payment calendar and payment calendar rules
• Create and maintain customers
• Set up customer posting profiles
• Configure accounts receivable charges
18. Get started with accounts receivable daily procedures in Dynamics 365 Finance
• Create free text invoices
• Recurring free text invoices
• Create and handle payments of customer invoices for sales orders
• Settle transactions and undo settlements
• Reimburse a customer
19. Set up credit and collections in Dynamics 365 Finance
• Set up accounts receivables for credit and collections
• Set up credit and collections components
• Set up interest rates for an interest code
• Waive, reinstate, or reverse interest fees
• Set up and manage collection letters
20. Process credit and collections in Dynamics 365 Finance
• Customer account statement
• Working with collections
• Collections coordinator workspace
• Manage customer credit and collections
• Credit management
21. Implement cost management in Dynamics 365 Finance
• Implement cost management
• Configure cost groups
• Configure inventory costing versions
• Differentiate between inventory costing methodologies
• Configure item model groups
• Configure item groups and inventory posting profiles
• Perform inventory recalculation, closing, and adjustment processes
22. Get started with subscription billing in Dynamics 365 Finance
• Enable subscription billing
• Create billing schedules
• Milestone billing
• Terminate billing scheduling
• Set up revenue and expense deferrals
23. Recurring contract billing in Dynamics 365 Finance
• Create a billing schedule
• Revenue allocation
• Support and renewal items
• Unbilled revenue
• Terminate billing scheduling
• Revenue splits
24. Revenue and expense deferrals in Dynamics 365 Finance
• Configure deferral defaults and items deferred by default
• Set up revenue and expense deferrals
• Deferral posting methods
• Create deferral schedules
• Deferral default transactions
25. Configure Accounts payable in Dynamics 365 Finance
• Configure the payment schedule
• Configure terms of payment and payment days
• Configure cash discounts
• Set up payment fees
• Create vendor groups
• Set up accounts payable posting profiles
• Set up default descriptions for automatic posting
• Create vendors
• Set up methods of payment for vendors
• Set up bank accounts and bank account approvals for vendors
• Set up electronic payment formats
• Configure accounts payable charges
• Configure and use positive pay
26. Work with accounts payable daily procedures in Dynamics 365 Finance
• Incoming invoice payments
• Process accounts payable credit memos
• Modify due dates and discount dates
• Work with cash discounts from vendors
• Create vendor payments
• Centralized payments
• Reverse a vendor payment
• Manage prepayments and prepayment invoices
27. Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance
• Settle transactions and undo settlements
• Distribute funds by using accounting distributions
• Configure invoice validation policies
• Three-way matching policies
• Vendor invoice workflow
28. Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance
• Configuration options
• Enable automatic vendor invoice prepayments
• Use workflow and product match receipts
• View vendor invoice automation results
29. Get started with Expense management in Dynamics 365 Project Operations
• Plan expense management
• Intercompany expenses
• Financial management
• Per diems
• Journals and accounts
• Payment methods
• Taxes
• Policies
• Expense categories and shared categories
• Map expense categories to a main account
30. Set up and configure Expense management in Dynamics 365 Project Operations
• Expense management workspace
• Expense management parameters
• Expense management workflows
• Expense report policies and per diem rules
• Evaluate policies by using Audit workbench cases
• Set up mileage expense options
• Intercompany expenses
• Personal expenses on an expense report
• Set up credit card transaction processing and import credit transactions
• Expense receipt processing
• VAT recovery
31. Set up and use basic budgeting Dynamics 365 Finance
• Plan for basic budgeting and budget control
• Budget methodologies
• Basic budgeting overview
• Set up basic budgeting
• Create and manage budget register entries
• Implement a budget register workflow
• Use workspace and inquiry pages to track budget vs. actuals
• Use inquiries and reports for budget analysis
32. Set up and use budget control in Dynamics 365 Finance
• Budget control overview and concepts
• Set up budget control parameters
• Budget funds available
• Budget source documents
• Budget groups
• Activate budget control
33. Configure and use budget planning in Dynamics 365 Finance
• Configure budget planning components
34. Configure fixed assets management in Dynamics 365 Finance
• Fixed assets and current assets
• Accounting for fixed assets
• Relationships between fixed assets components
• Configure fixed assets components
• Derived books
• Enable fixed asset integration
• Fixed asset transaction options
• Demonstration – Create a fixed asset
35. Set up and acquire fixed assets in Dynamics 365 Finance
• Life cycle of a fixed asset
• Fixed asset management workspace
• Fixed assets page
• Set up fixed assets
• Create a fixed asset
• Activate a stock item
• Set up acquisitions
• Proposals
• Acquire assets through procurement
• Estimate and eliminate a project to a fixed asset
• Manual and automatic methods to create fixed assets
36. Manage fixed assets in Dynamics 365 Finance
• Asset budgeting
• Transfer a fixed asset
• Set up fixed asset groups
• Split a fixed asset
• Update fixed asset information
• Recalculate replacement costs and insured values for fixed asset groups
• Fixed assets roll forward report
Course Details
• Knowledge of finance and accounting processes and a general knowledge of basic navigation in Finance
• Have a basic understanding of finance and accounting processes.
• Have the ability to use Dynamics 365 Finance for basic processing and navigation.
• Have a general understanding of sales order invoicing.
• Be familiar with configuring credit and collections within Finance.
• A basic understanding of finance and accounting processes, including purchase order invoicing and accounts payable procedures.
• General knowledge of vendor invoicing procedures, expense management processes, and the ability to use finance and operations apps, such as Dynamics 365 Finance for basic processing.
• A connection to an external provider of OCR.
• Knowledge of Dynamics 365 Finance.
• The ability to use Dynamics 365 Finance for basic processing tasks.
• A general understanding of budgeting, including ensuring that basic budgeting is set up.
• Familiarity with fixed asset processes.
• A general understanding of depreciation and disposal concepts, as well as a basic knowledge of Dynamics 365 Finance and fixed assets.
• Proficiency in using Dynamics 365 Finance for fundamental operations.
As a Dynamics 365 for Finance and Operations Functional Consultant, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices. You have a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to core manufacturing, retail, and supply chain management operations. You specialize in one or more feature sets of Dynamics 365 Finance including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. You understand the relationships between finance and manufacturing, retail, and supply chain management.
For online (live) format
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