- Module 1: Discover how Dynamics 365 Finance empowers business users to stay in control of finances and manage funds with accurate information for financial planning and forecasting.
In this module, you will be introduced to:
- The benefits of Dynamics 365 Finance.
- An overview of features in Finance.
- Module 2: In today's global market, businesses receive and send payments using different currencies. Exchange rates must be managed properly to lower the monetary loss when accepting multiple currencies. Understanding how to forecast the amount of loss or gain caused by changes in exchange rate values can help you make smart business decisions to handle cash discounts and payments.
In this module, you'll learn about:
- Different types of currencies in Finance.
- The concept of triangulation currency.
- How to set up legal entity currencies and conversions.
- How to configure exchange rate providers.
- How to import exchange rates from providers.
- Module 3: Learn to configure fiscal calendars, differentiate between ledgers, and create date intervals for accurate financial data recording.
In this module, you will learn how to:
- Differentiate between ledger and fiscal calendars.
- Configure and set up fiscal calendars, years, and periods.
- Create and use date intervals.
- Module 4: Plan and set up a tailored chart of accounts in Dynamics 365 Finance, for your finance department's specific needs, including multiple legal entities if necessary.
This module explains the following concepts:
- Plan your chart of accounts.
- Understand multiple chart of accounts if your organization plans to use multiple legal entities.
- Set up a chart of accounts.
- Module 5: Streamline your business processes with Dynamics 365 Finance by effectively managing financial accounts in your organization's general ledger system.
This module explains the following concepts:
- Main account categories
- Main account information
- Allocation terms
- Main account validation options
- Main account closing options
- How to create financial tags
- Module 6: Learn the importance of financial dimensions and how to set them up in Dynamics 365 Finance for better tracking and analysis of financial data.
This module explains the following concepts:
- Importance of financial dimensions
- Financial dimension setup
- Creation of custom and entity-backed financial dimensions
- Default dimension values
- Analysis of derived dimensions
- How to set up financial dimension templates and sets
- Module 7: Learn how to set up the General ledger, where all other modules post their related financial transactions.
In this module, you'll:
- Discover different types of journals and their setup.
- Learn about ledger and posting setup.
- Learn how to set up and use journals.
- Learn how to reverse journal posting.
- Learn how to set up batch transfer rules.
- Module 8: Learn about general ledger processes, balance control accounts, journal controls, voucher templates, and ledger settlements.
In this module, you'll learn about:
- General ledger processes.
- Balance control accounts.
- Journal controls.
- Voucher templates.
- Ledger settlements.
- Module 9: Learn to set up and use intercompany accounting for centralized processes, posting journals between different legal entities efficiently.
In this module, you will learn how to:
- Set up intercompany accounting
- Use intercompany accounting to post journals between two different legal entities
- Module 10: Learn to configure and use accruals and allocations in finance, ensuring accurate revenue and expense tracking by distributing amounts across ledger accounts.
In this module, you learn how to:
- Configure and use accruals.
- Configure and use allocations.
- Module 11: Learn how to configure and perform periodic processes in Finance, including reconciliations, 1099s, and tax reporting.
In this module, you learn how to:
- Configure financial period close.
- Reconcile banks.
- Perform periodic closing and year closing processes.
- Prepare periodic filings.
- Run foreign currency revaluation processes.
- Perform financial consolidation and elimination processes.
- Process end of year tax reporting.
- Module 12: Empower business users to make important decisions by using analytics and reporting in finance and operations apps.
In this module, you will learn about:
- Different types of reports and inquiries in finance and operations apps
- Financial reporting
- Configuring finance and operations apps for Microsoft Power Platform
- Generating and consuming inquiries and reports
- Module 13: Learn to record and reconcile financial transactions, configure banks and cash flow forecasts, and automate updates in Dynamics 365 Finance.
In this module, you learn how to:
- Create and configure banks.
- Create and configure bank layouts.
- Configure cash and bank management parameters.
- Set up vendor and customer banks.
- Configure cash flow forecasts and reports.
- Use process automation to schedule updates for cash flow forecasts.
- Summarize vendor and customer payments in bank transactions.
- Module 14: Streamline tax management with automated calculations and compliance in Dynamics 365 Finance to enhance efficiency through ledger postings and sales tax configurations.
This module explains how to:
- Configure ledger posting groups.
- Create sales tax authorities.
- Configure sales tax settlement periods.
- Create sales tax codes.
- Configure sales tax groups and item sales tax groups.
- Module 15: Ensure compliance and efficient tax management by learning about withholding taxes, sales tax exemptions, and conditional taxes for accurate financial reporting.
This module explains the following concepts:
- Withholding taxes
- Sales tax exemptions
- Conditional sales tax
- Analysis of sales tax on transactions
- How to set up sales tax reporting codes and withholding tax
- How to prepare periodic filling
Set up and configure financial management and work with General Ledger
Overview
Syllabus
- Module 1: Module 1: Get started with Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 2: Module 2: Configure currencies in Dynamics 365 Finance
- Introduction
- Set up currencies and conversions
- Configure and import currency exchange rates
- Lab - Import exchange rates
- Check your knowledge
- Summary
- Module 3: Module 3: Create fiscal calendars, years, and periods in Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 4: Module 4: Get started with chart of accounts in Dynamics 365 Finance
- Introduction
- Plan your chart of accounts
- Multiple chart of accounts
- Set up a chart of accounts
- Exercise - Create a new main account
- Check your knowledge
- Summary
- Module 5: Module 5: Set up chart of accounts in Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 6: Module 6: Set up financial dimensions in Dynamics 365 Finance
- Introduction
- 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
- Exercise - Set up an account structure
- Check your knowledge
- Summary
- Module 7: Module 7: Set up ledgers and journals in Dynamics 365 Finance
- Introduction
- 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
- Reverse journal posting
- Set up batch transfer rules
- Lab - configure ledger and journal setup
- Check your knowledge
- Summary
- Module 8: Module 8: Perform general ledger daily procedures in Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 9: Module 9: Intercompany accounting in Dynamics 365 Finance
- Introduction
- Set up intercompany accounting
- Post intercompany journals
- Trace an intercompany entry
- Lab - Set up and use intercompany accounting
- Check your knowledge
- Summary
- Module 10: Module 10: Configure ledger allocations and accruals in Dynamics 365 Finance
- Introduction
- Configure and apply accrual schemes
- Configure ledger allocation rules
- Exercise - Configure and use accrual schemes
- Exercise - Configure and test ledger allocation rules
- Check your knowledge
- Summary
- Module 11: Module 11: Configure and perform periodic processes in Dynamics 365 Finance
- Introduction
- Set up the Financial period workspace and closing schedule
- Bank reconciliations
- Run foreign currency revaluation processes
- Process end of year close
- Perform financial consolidations
- Lab - Perform year-end close and a consolidation
- Check your knowledge
- Summary
- Module 12: Module 12: Work with analytics and reporting in finance and operations apps
- Introduction
- 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
- Summary
- Module 13: Module 13: Configure cash and bank management in Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 14: Module 14: Set up taxes in Dynamics 365 Finance
- Introduction
- 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
- Summary
- Module 15: Module 15: Work with taxes in Dynamics 365 Finance
- Introduction
- 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
- Prepare periodic filing
- Check your knowledge
- Summary
Tags
Related Courses
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Configure and use the general ledger in Dynamics 365 Finance
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Learn the fundamentals of Microsoft Dynamics 365 Finance
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