80950A: Finance Essentials in Microsoft Dynamics NAV 2017 Training

Download Course Brochure

Instructor-Led Training Parameters

Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

Instructor-led Training Live Online Classes

Suitable batches for you

Apr, 2024 Weekdays Mon-Fri Enquire Now
Weekend Sat-Sun Enquire Now
May, 2024 Weekdays Mon-Fri Enquire Now
Weekend Sat-Sun Enquire Now

Share details to upskills your team



Build Your Own Customize Schedule



80950A: Finance Essentials in Microsoft Dynamics NAV 2017 Training Course Overview

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

80950A: Finance Essentials in Microsoft Dynamics NAV 2017 Training Course Content

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

video-img

Request for Enquiry

assessment_img

Free inance Essentials in Microsoft Dynamics NAV Training Assessment

This assessment tests understanding of course content through MCQ and short answers, analytical thinking, problem-solving abilities, and effective communication of ideas. Some Multisoft Assessment Features :

  • User-friendly interface for easy navigation
  • Secure login and authentication measures to protect data
  • Automated scoring and grading to save time
  • Time limits and countdown timers to manage duration.
Try It Now

inance Essentials in Microsoft Dynamics NAV Corporate Training

Employee training and development programs are essential to the success of businesses worldwide. With our best-in-class corporate trainings you can enhance employee productivity and increase efficiency of your organization. Created by global subject matter experts, we offer highest quality content that are tailored to match your company’s learning goals and budget.


500+
Global Clients
4.5 Client Satisfaction
Explore More

Customized Training

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Expert
Mentors

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

360º Learning Solution

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Learning Assessment

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Certification Training Achievements: Recognizing Professional Expertise

Multisoft Systems is the “one-top learning platform” for everyone. Get trained with certified industry experts and receive a globally-recognized training certificate. Some Multisoft Training Certificate Features :

  • Globally recognized certificate
  • Course ID & Course Name
  • Certificate with Date of Issuance
  • Name and Digital Signature of the Awardee
Request for Certificate

What Attendees are Saying

Our clients love working with us! They appreciate our expertise, excellent communication, and exceptional results. Trustworthy partners for business success.

Share Feedback
  Chat On WhatsApp

+91-9810-306-956

Available 24x7 for your queries