This Digital Learning 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. Topics covered in this Digital Learning course include:
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
Module 10: Year End Closing Processes
Student prerequisites: Course 80439A or 80439AE: Introduction in Microsoft Dynamics NAV 2013. Course 80435A or 80435AE: Application Setup in Microsoft Dynamics NAV 2013. Basic knowledge of accounting principles and procedures.
At the end of the course, students will be able to:
Explain and set up the fields on the General Ledger Setup window.
Explain and set up Accounting Periods.
Explain how to use the Chart of Accounts.
Explain the elements of the G/L Account Card.
Explain the elements of the G/L Account Card ribbon.
Explain the elements of the Chart of Account ribbon.
Explain the general journal entry and posting system.
Create and post general journal entries.
Describe standard general journals.
Describe recurring general journals and include the fields and allocations.
Show how to use recurring journals with allocations and how to record accruals.
Explain how to reverse and correct journal entries.
Describe the Bank Account Card.
Explain the Payments FastTab on the customer card.
Explain the Payments FastTab on the vendor card.
Show how to enter and post payments received from customers, by using cash receipt journals.
Show how to enter and post payments to vendors by using the payment journal.
Explain the Suggest Vendor Payments batch job.
Explain how to print and post payables checks.
Explain and show how to financially void a check.
Explain how to void and reprint computer checks.
Explain how to apply entries to customer and vendor ledger entries.
Explain how to unapply entries to customer and vendor ledger entries.
Explain how to reverse customer ledger entries posted by using journals.
Review the Bank Account Reconciliation window and the options for populating the bank reconciliation lines.
Show how to process a bank reconciliation.
Set up Microsoft Dynamics NAV 2013 to use payment discounts.
Process transactions for various situations that benefit from payment discounts.
Set up Microsoft Dynamics NAV 2013 to use a payment discount tolerance.
Process transactions for various situations that benefit from using a payment discount tolerance.
Set up Microsoft Dynamics NAV 2013 to use a payment tolerance.
Process transactions for various situations that benefit from using a payment tolerance.
Review how a payment discount tolerance and a payment tolerance are reflected in the detailed customer and vendor ledger entries.
Explain why and when Reminders and Finance Charge Memos are used.
Set up Microsoft Dynamics NAV 2013 to use reminders.
Explain how to create and issue reminders.
Set up Microsoft Dynamics NAV 2013 to use finance charge memos.
Explain how to create and issue finance charge memos.
Explain the different VAT calculation types.
Show how to reverse a VAT charge.
Describe how to correct a posted VAT entry.
Show how to record Import VAT.
Explain the Prices Including VAT fields on sales and purchase documents.
Explain how to adjust calculated VAT amounts in sales and purchase documents and journals.
Describe unrealized VAT.
Explain, create, and print a VAT Statement.
Explain and run the Calc. and Post VAT Settlement batch job.
Explain the requirements for setting up prepayments.
Set up and assign prepayment General Ledger accounts.
Set up prepayment numbering for sales and purchases.
Set up default prepayment percentages on customers and vendors.
Set up default prepayment percentages for Customer-Item and Vendor-Item combinations.
Set up prepayment posting verification for sales and purchases.
Explain the prepayment processing flows for sales and purchase orders.
Describe the prepayment-specific fields on sales and purchase orders.
Create sales and purchase orders with prepayment percentages and amounts.
Create prepayment invoices that are from sales and purchase orders.
Explain the processes available to correct posted prepayment invoices.
Close the accounting periods for the fiscal year.
Explain and run the Close Income Statement batch job process.
Complete the closing process by posting the general journal.
Modules & Lessons
80534AE Finance Essentials in Microsoft Dynamics NAV 2013
To view this course, you need:
A Pentium II, 256 MB RAM with a processor speed greater than or equal to 400 MHZ
Microsoft® Windows® Vista or higher
Microsoft Internet Explorer 8.0 or higher
Adobe Flash 7.0 or higher (1MB disk space needed to install)
Microsoft Silverlight 4.0 or higher
Microsoft Windows Media Player 7.0 or higher
Microsoft XML Core Services 3.0 or higher
A Super VGA monitor with minimum screen resolution 1024x768, with 16-bit color.
A sound card, and either speakers or headphones (for multi-media audio).
Internet bandwidth of 56K or faster. Broadband internet access is recommended.
For courses containing Virtual Server-based labs (courses in the IT Professional and Developer Catalog), you will need:
Microsoft Virtual Server ActiveX control (1MB disk space needed to install)