80950A: Finance Essentials in Microsoft Dynamics NAV 2017 Training

• 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

• Application Consultant
• Developer
• Technology Consultant

• 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