Finance Essentials in Microsoft Dynamics NAV 2013 Training

• 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

• 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

1: Architecture

1: Finance Management Setup

• General Ledger Setup
• Accounting Periods

2: Chart of Accounts

• Chart of Accounts Overview
• G/L Account Card
• G/L Account Card Ribbon

3: General Journals

• Creating and Posting Journal Entries
• Standard Journals
• Recurring Journals
• Processing Recurring Journals

4: Cash Management – Receivables and Payables

• Bank Account Overview
• Customer Overview
• Vendor Overview
• Cash Receipt Journal and Payment Journal Overview
• Suggest Vendor Payments
• Print and Post Payables Checks
• Voiding Checks
• Applying Payments
• Unapply Customer and Vendor Ledger Entries
• Reversal of Posted Journals

5: Cash Management

• Bank Reconciliation
• Complete a Bank Reconciliation

6: Receivables and Payables Management: Payment Discount and Payment Tolerance

• Set Up Payment Discounts
• Process Payment Discounts
• Set Up and Process Payment Tolerances
• Review the Posted Payment Discount Tolerance and the  Payment Tolerance Entries
• Review Customer and Vendor Statistics

7: Receivables Management: Reminders and Finance Charge Memos

• Set Up and Assign Reminder Terms
• Set Up and Assign Number Series for Reminders and Issue Reminders
• Create and Issue Reminders
• Set Up and Assign Finance Charge Terms
• Set Up and Assign Number Series for Finance Charge Terms
• Create and Issue Finance Charge Memos
• Calculate Interest on Reminders

8: VAT

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

9: Prepayments

• Setting Up Prepayments
• Set Up Prepayment Percentages for Customers and Vendors
• Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations
• Set Up Prepayments Verification
• Prepayments Processing Flows
• Prepayment Sales and Purchase Orders Overview
• Process Prepayment Sales and Purchase Orders
• Prepayment Sales and Purchase Invoices
• Prepayment Purchase Order Process

10: Year End Closing Procedures

• Closing a Fiscal Year