Manage Financial Operations with Dynamics 365 Finance

Outline

• 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
  • Lab - Explore Dynamics 365 Finance
  • Check your knowledge
• Configure currencies in Dynamics 365 Finance
  • Set up currencies and conversions
  • Configure and import currency exchange rates
  • Lab - Import exchange rates
  • Check your knowledge
• 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
  • Lab - Work with the fiscal calendar, year, and periods
  • Check your knowledge
• 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
  • Lab - Create a new main account
  • Check your knowledge
• 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
  • Lab - Create a main account category in the chart of accounts
  • Check your knowledge
• 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
  • Lab - Set up an account structure
  • Check your knowledge
• 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
  • 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
  • Lab - Configure ledger and journal setup
  • Check your knowledge
• 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
  • Exercise - Create and use a voucher template
  • Check your knowledge
• Intercompany accounting in Dynamics 365 Finance
  • Set up intercompany accounting
  • Post intercompany journals
  • Trace an intercompany entry
  • Lab - Set up and use intercompany accounting
  • Check your knowledge
• Configure ledger allocations and accruals in Dynamics 365 Finance
  • Configure and apply accrual schemes
  • Exercise - Configure and use accrual schemes
  • Configure ledger allocation rules
  • Exercise - Configure and test ledger allocation rules
  • Check your knowledge
• 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
  • Lab - Perform year-end close and a consolidation
  • Check your knowledge
• 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
  • Lab - Work with reports
  • Check your knowledge
• 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
  • Lab - Work with cash and bank management
  • Check your knowledge
• 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
  • Exercise - Practice netting
  • Check your knowledge
• Set up taxes in Dynamics 365 Finance
  • Configure ledger posting groups
  • Configure sales tax authorities
  • Exercise - Set up sales tax authorities
  • Configure sales tax settlement periods
  • Exercise - Set up sales tax settlement periods
  • Create sales tax codes
  • Configure sales tax groups and item sales tax groups
  • Exercise - Set up sales tax codes and sales tax groups
  • Check your knowledge
• 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
  • Exercise - Set up sales tax reporting codes and withholding tax
  • Calculate and adjust sales tax
  • Prepare periodic filing
  • Check your knowledge
• 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
  • Lab - Configure customer posting profiles and create a new customer
  • Check your knowledge
• Get started with accounts receivable daily procedures in Dynamics 365 Finance
  • Create free text invoices
  • Exercise - Create and process a free text invoice
  • Recurring free text invoices
  • Create and handle payments of customer invoices for sales orders
  • Exercise - Work with invoices from sales orders
  • Settle transactions and undo settlements
  • Exercise - Process an invoice and settle it against a payment
  • Reimburse a customer
  • Check your knowledge
• 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
  • Exercise - Set up credit and collections in Finance
  • Exercise - Create a write-off journal for a customer
  • Check your knowledge
• Process credit and collections in Dynamics 365 Finance
  • Customer account statement
  • Working with collections
  • Collections coordinator workspace
  • Manage customer credit and collections
  • Credit management
  • Lab - Work with credit and collections
  • Check your knowledge
• 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
  • Check your knowledge
• 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
  • Lab - Configure accounts payable components
  • Check your knowledge
• 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
  • Exercise- Process a vendor payment by using a payment journal
  • Check your knowledge
• 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
  • Lab - Work with accounting distributions, invoice validations, and settlements
  • Check your knowledge
• 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
  • Check your knowledge
• 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
  • Check your knowledge
• 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
  • Check your knowledge
• 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
  • Exercise - Create a budget register entry
  • Implement a budget register workflow
  • Use workspace and inquiry pages to track budget vs. actuals
  • Use inquiries and reports for budget analysis
  • Exercise - Set up basic budgeting components
  • Check your knowledge
• 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
  • Exercise – Set up budget control components
  • Check your knowledge
• Configure and use budget planning in Dynamics 365 Finance
  • Configure budget planning components
  • Exercise - Configure budget planning, create, and use a planning process
  • Module assessment
• 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
  • Lab - Work with fixed assets
  • Check your knowledge
• 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
  • Lab - Acquire a new asset
  • Check your knowledge
• 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
  • Check your knowledge
• Work with fixed asset deprecation and disposal in Dynamics 365 Finance
  • Depreciation
  • Dispose of and lend fixed assets
  • Sell a fixed asset by using a free text invoice
  • Dispose of fixed assets as scrap
  • Exercise - Create a depreciation proposal
  • Check your knowledge