80658 - Finance Essentials in Microsoft Dynamics NAV 2015 (3 Day)
Description
This Intructor-led course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.
Course Outline
Module 00: Course Introduction
Module 01: Financial Management Setup
Module 02: Chart of Accounts
Module 03: General Journals
Module 04: Cash Management - Receivables and Payables
Module 05: Cash Management - Bank Reconciliation
Module 06: Receivables and Payables Management: Payment Discount and Payment Tolerance
Module 07: Receivables Management: Reminders and Finance Charge Memos
Module 08: VAT
Module 09: Prepayments
What are the goals for this course?
- Setup General Ledger
- Define Accounting Periods
- Setup Chart of Accounts
- Create and post journal entries
- Review recurring journals
- Create a bank account
- Apply payments
- Describe debit collections
- Define check management
- Reconcile payments
- Process payments to include discounts
- Set up and assign reminder terms
- Set up and assign finance charge terms
- Calculate VAT
- Define VAT calculation types
- Setup prepayments
- Close fiscal year
- Transfer statement account balances