80950A: Finance Essentials in Microsoft Dynamics NAV 2017 Training

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80950A: Finance Essentials in Microsoft Dynamics NAV 2017 training aims to impart training to the candidates willing to learn the ethics of Microsoft Dynamics NAV 2017 for building application for managing company’s finances. Through this Microsoft Dynamics NAV Finance Essentials 2017 training the candidates will gain a complete enlightenment on setting up and managing a company's financial activities in Microsoft Dynamics NAV 2017.

After completing this Microsoft Dynamics NAV Finance Essentials 2017 training the candidates would gain complete acquaintance on:

  • Create a bank account
  • Apply payments
  • Describe debit collections
  • Define check management
  • Setup the General Ledger
  • Define accounting periods
  • Set up and assign reminder terms and finance charge terms
  • Define VAT calculation types and calculate VAT
  • Transfer statement account balances
  • Setup prepayments
  • Process payments to include discounts
Target audience
  • Application Consultant
  • Developer
  • Technology Consultant
Prerequisites

The prerequisites for this training:

  • General knowledge of Microsoft Windows
  • General accounting knowledge

1. Financial Management Setup

  • General Ledger Setup
  • General Ledger Actions in the Ribbon
  • User Setup
  • Accounting Periods

2. Charts of Accounts

  • G/L Account Card
  • G/L Account Categories
  • Chart of Accounts

3. General Journals

  • Creating Journal Entries
  • Link Incoming Documents
  • Processing Journal Entries
  • Processing Journal Posting Results
  • Create and use a Standard Journal
  • Recurring Journals
  • Practice: Create and Post a Recurring Journal
  • Deferrals
  • Reversals and Corrections

4. Cash Management – Receivable and Payables

  • Bank Account Overview
  • Bank Account Currency Restrictions on Payments
  • Customer and Vendors in Cash Management
  • Processing Incoming and Outgoing Payments in NAV
  • Cash Receipt Journal and Payment Journal Overview
  • Applying Payments
  • Reversal of Posted Journals
  • Payment Registration
  • Overview of Direct Debit Collections
  • Direct Debit Collections-Part1
  • Direct Debit Collections-Part2
  • Suggest Vendor Payments-Part1
  • Suggest Vendor Payments-Part2
  • Check Management
  • Overview of Payment Reconciliation
  • Payment Reconciliation-Part1
  • Payment Reconciliation-Part2
  • Bank Data Conversion Service
  • Payment Services

5. Cash Management – Bank Reconciliation

  • Bank Reconciliation-Part1
  • Bank Reconciliation-Part2

6. Receivables and Payables Management: Customer and Vendor Invoicing

  • Invoicing Options
  • Invoicing Customers
  • Processing Vendor Invoices
  • Correcting Posted Invoices

7. Receivables and Payables Management: Payment Discounts and Payment Tolerance

  • Set Up Payment Discounts
  • Process Sales Payment Discounts-Part1
  • Process Sales Payment Discounts-Part2
  • Process Purchase Payment Discounts
  • Set Up a Payment Discount Tolerance and Payment Tolerance
  • Process the Payment Discount Tolerance

8. Receivables Management: Reminders and Finance Charge Memos

  • Set Up and Assign Reminder Terms
  • Set Up Additional Fee
  • Create and Issue Reminders
  • Set Up and Assign Finance Charge Terms
  • Create and Issue Finance Charge Memos
  • Calculate Interest on Reminders
  • Review Reminders and Finance Charge Entries

9. VAT

  • Display VAT Amounts in Sales and Purchase Documents
  • Adjust VAT Amounts in Sales and Purchase Documents and Journals
  • Unrealized VAT
  • VAT Statements
  • VAT Settlement

10. Prepayments

  • Setup Prepayments
  • Assign Prepayment Percentages
  • Prepayments Processing Flow
  • Process Prepayment Sales and Purchase Orders-Part1
  • Process Prepayment Sales and Purchase Orders-Part2
  • Process Prepayment Sales and Purchase Invoices
  • Correct Prepayments

11. Year End Closing Process

  • Closing a Fiscal Year
  • Year End Closing Entries

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