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.
Course Outline
Lesson 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
- Lab – Explore Dynamics 365 Finance
Lesson 2: Configure currencies in Dynamics 365 Finance
- Set up currencies and conversions
- Configure and import currency exchange rates
- Lab – Import exchange rates
Lesson 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
- Lab – Work with the fiscal calendar, year, and periods
Lesson 4: Configure chart of accounts in Dynamics 365 Finance
- Plan your chart of accounts
- Multiple chart of accounts
- Set up chart of accounts
- Main account categories
- Main account information
- Allocation terms
- Main account validation options
- Main account closing options
- Accounts for automatic transactions
- Define and configure financial dimensions
- Create a custom financial dimension
- Create an entity-backed financial dimension
- Activate and delete financial dimensions
- Default dimension values
- Derived dimensions
- Configure financial dimension templates and sets
- Define and configure account structures and advanced rules
- Ledger account aliases
- Lab – Create a main account category in the chart of accounts, and an advanced rule structure
Lesson 5: Configure 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
- Describe options for implementing vouchers numbers in journals
- Describe and configure journal approvals
- Configure and use journals
- Reverse journal posting
- Set up batch transfer rules
- Lab – configure ledger and journal setup
Lesson 6: 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
Lesson 7: Intercompany accounting in Dynamics 365 Finance
- Set up intercompany accounting
- Post intercompany journals
- Trace an intercompany entry
- Lab – Set up and use intercompany accounting
Lesson 8: Configure ledger allocations and accruals in Dynamics 365 Finance
- Configure and apply accrual schemes
- Configure ledger allocation rules
- Exercise – Configure and use accrual schemes
- Exercise – Configure and test ledger allocation rules
Lesson 9: Configure and perform periodic processes in Dynamics 365 Finance
- Set up the Financial period workspace and closing schedule
- Bank reconciliations
- Year-end 1099 reporting
- Run foreign currency revaluation processes
- Process end of year close
- Perform financial consolidations
- Lab – Perform year-end close and a consolidation
Lesson 10: 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
Lesson 11: 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 bank accounts for customers
- Set up bank accounts for vendors
- Deposit and refund checks
- Understand cash flow forecast and reports
- Configure cash flow forecasting
- Lab – Work with cash and bank management
Lesson 12: Configure taxes in Dynamics 365 Finance
- Configure ledger posting groups
- Exercise – Set up ledger posting groups for sales tax
- Configure sales tax authorities
- Exercise – Set up sales tax authorities
- Configure 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
- 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
- Exercise – View posted sales tax transactions
- Prepare periodic filings
Lesson 13: Configure 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
Lesson 14: Perform 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
- Revenue recognition overview
- Define revenue schedules
- Define revenue prices
- Set up bundle items
- Exercise – Create and process a free text invoice
- Exercise – Work with invoices from sales orders
- Exercise – Process an invoice and settle it against a payment
Lesson 15: Configure credit and collections in Dynamics 365 Finance
- Configure accounts receivables for credit and collections
- Configure 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
Lesson 16: Process credit and collections in Dynamics 365 Finance
- Customer account statement
- Working with collections
- Manage customer credit and collections
- Credit management
- Lab – Work with credit and collections
Lesson 17: Configure Accounts payable in Dynamics 365 Finance
- Configure the payment schedule
- Configure terms of payment and payment days
- Configure cash discounts
- Set up payments fees
- Create vendor groups
- Set up accounts payable posting profiles
- Create vendors
- Set up methods of payments for vendors
- Describe and set up electronic payment formats
- Configure accounts payable charges
- Configure and use positive pay
- Lab – Configure accounts payable components
Lesson 18: Perform Accounts payable daily procedures in Dynamics 365 Finance
- Understand invoice types in Accounts payable
- Understand incoming invoice payments
- Record vendor invoices
- Modify due dates and discount dates
- Work with cash discounts from vendors
- Create vendor payments
- Reverse a vendor payment
- Manage prepayments and prepayment invoices
- Exercise – Record an invoice
- Exercise – Record a vendor invoice that is not associated with a purchase order
- Exercise – Process a vendor payment by using a payment journal
Lesson 19: 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
- Accounts payable invoice matching
- Invoice totals matching
- Two-way, price totals matching
- Two-way, net unit price matching
- Three-way matching
- Vendor invoice workflow
- Charges matching
- Lab – Work with accounting distributions, invoice validations, and settlements
Lesson 20: Get started with Expense management in Dynamics 365 Projects 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 main account
Lesson 21: 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 expenses options
- Intercompany expenses
- Personal expenses on an expense reports
- Set up credit card transaction processing and import credit transactions
- Expense receipt processing
- VAT recovery
Lesson 22: Create and process expense reports in Dynamics 365 Project Operations
- Create an expense report
- Intercompany expenses
- Itemize expenses by line
- Distribute an expense
- Add guests
- Attach receipts and documents to an expense reports
- Submit an expense report to a workflow
- Approve an expense report
- Delegate an expense report
- Post an expense report
- Reporting options
- Lab – Create an expense report and submit it to a workflow
Lesson 23: Work with travel requisitions in Dynamics 365 Project Operations
- Create a travel requisition
- Exercise – Create a travel requisition
- Approve a travel requisition
- Create a cash advance
- Update a cash advance
Lesson 24: Configure and use basic budgeting and budget control in Dynamics 365 Finance
- Planning for basic budgeting and budget control
- Budgeting methodologies
- Basic budgeting overview
- Configure basic budgeting
- Use workspaces and inquiry pages to track budget vs. actuals
- Budget control overview
- Configure budget control
- Configure budget control (cont.)
- Create and manage budget register entries
- Use inquiries and reports for budget analysis
- Implement budget register workflow
- Exercise – Configure basic budgeting components
- Exercise – Configure budget control components
- Exercise – Create a budget register entry
Lesson 25: Configure and use budget planning in Dynamics 365 Finance
- Configure budget planning components
- Exercise – Configure budget planning, create, and use a planning process
Lesson 26: 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
Lesson 27: Manage fixed assets in Dynamics 365 Finance
- Scenario – customer requirements for fixed assets
- Set up and create fixed assets
- Set up acquisitions
- Acquire assets through procurement
- Manual and automatic methods to create fixed assets
- Transfer a fixed asset
- Set up fixed asset groups
- Split a fixed asset
- Update fixed asset information
- Fixed assets roll forward report
- Depreciation
- Dispose and lend fixed assets
- Sell a fixed asset by using a free text invoice
- Dispose of fixed assets as scrap
- Estimate and eliminate a project to a fixed asset
- Asset budgeting
- Lab – Manage fixed assets