Finance Essentials in Microsoft Dynamics NAV 2013 training provides complete information on the setup of the General Ledger covering entry and posting system. Participants will gain insight on the chart of accounts and its usage in MS Dynamics NAV. Overview of bank account and detailed explanation of the cash management of receivables and payables along with bank reconciliations are part of the training. The training also discusses about the process of setting and issuing reminders and finance charge memos. VAT calculation, prepayments, and the process of closing accounts at the end of fiscal years is also discussed.
By the end of the training you will exhibit the following skills:
- Set up general ledger and accounting periods
- Define the elements of chart of accounts and use it in the business operations
- Differentiate between different types of journals and their processing
- Handle cash management, payables management, receivables management, and prepayments
- Apply VAT amount in sales document and purchase journal
- Follow the procedure for closing a fiscal year
Target audience
Candidates involved in the selling and implementation of the finance modules.
Prerequisites
The intended candidates for this training must have the following skills:
- Basic knowledge of accounting principles and procedures
- Completed course 80439A: Introduction in Microsoft Dynamics NAV 2013
- Completed course 80435A: Application Setup in Microsoft Dynamics NAV 2013