Manage Financial Operations with Dynamics 365 Finance

Upon completion of the Plan, configure, and manage collaboration communications systems with Microsoft Teams course, students will be able to:

• The benefits of Dynamics 365 Finance.
• An overview of features in Finance.
• Different types of currencies in Finance.
• The concept of triangulation currency.
• How to set up legal entity currencies and conversions.
• How to configure exchange rate providers.
• How to import exchange rates from providers.
• Differentiate between ledger and fiscal calendars.
• Configure and set up fiscal calendars, years, and periods.
• Create and use date intervals.

A Dynamics 365 for Finance and Operations Functional Consultant is responsible for performing discovery, capturing requirements, engaging subject matter experts and stakeholders, translating requirements, and configuring the solution and applications. The Functional Consultant implements a solution using out of the box capabilities, codeless extensibility, application and service integrations.
 

Before attending this course, students should have general knowledge of the following topics:
• Basic understanding of finance and accounting processes
• Ability to use Finance for basic processing
• General knowledge of basic navigation within Finance
• Knowledge of how Dynamics 365 apps are used
• Basic understanding of cloud concepts, and Microsoft Power Platform

Configure financial management

• Get started with Dynamics 365 Finance
  • Introduction
  • Benefits of Dynamics 365 Finance
  • Overview
  • General ledger
  • Cash and bank management
  • Tax
  • Accounts payable
  • Accounts receivable
  • Credit and collections
  • Budgeting
  • Fixed assets
  • Cost accounting
  • Electronic invoicing
  • Lab - Explore Dynamics 365 Finance
  • Check your knowledge
  • Summary
• Configure currencies in Dynamics 365 Finance
  • Introduction
  • Set up currencies and conversions
  • Configure and import currency exchange rates
  • Lab - Import exchange rates
  • Check your knowledge
  • Summary
• Create fiscal calendars, years, and periods in Dynamics 365 Finance
  • Introduction
  • Fiscal calendars, fiscal years, and periods
  • Create fiscal calendars, years and periods
  • Select a fiscal calendar
  • Define budget cycle time spans
  • Maintain periods for your organization
  • Create date intervals
  • Lab - Work with the fiscal calendar, year, and periods
  • Check your knowledge
  • Summary
• Get started with chart of accounts in Dynamics 365 Finance
  • Introduction
  • Plan your chart of accounts
  • Multiple chart of accounts
  • Set up a chart of accounts
  • Lab - Create a new main account
  • Check your knowledge
  • Summary
• Set up chart of accounts in Dynamics 365 Finance
  • Introduction
  • Main account categories
  • Main account information
  • Allocation terms
  • Main account validation options
  • Main account closing options
  • Financial tags
  • Accounts for automatic transactions
  • Lab - Create a main account category in the chart of accounts
  • Check your knowledge
  • Summary
• Set up financial dimensions in Dynamics 365 Finance
  • Introduction
  • Define and set up financial dimensions
  • Create a custom financial dimension
  • Create an entity-backed financial dimension
  • Activate and delete financial dimensions
  • Default dimension values
  • Derived dimensions
  • Set up financial dimension templates and sets
  • Define and set up account structure and advanced rules
  • Ledger account aliases
  • Lab - Set up an account structure
  • Check your knowledge
  • Summary
• Set up ledgers and journals in Dynamics 365 Finance
  • Introduction
  • Understand the different types of journals and their setup
  • Describe use cases for periodic journals
  • Configure ledger and journal setup
  • Discover options for implementing voucher numbers in journals
  • Set up journal approvals
  • Configure and use journals
  • Publish journal lines to Microsoft Excel
  • Reverse journal posting
  • Set up batch transfer rules
  • Lab - Configure ledger and journal setup
  • Check your knowledge
  • Summary
• Perform general ledger daily procedures in Dynamics 365 Finance
  • Introduction
  • Using balance control accounts
  • Process a journal entry
  • Work with general ledger processes
  • Ledger settlements
  • Create templates to edit journals in Microsoft Excel
  • Create voucher templates
  • Set up journal controls
  • Exercise - Create and use a voucher template
  • Check your knowledge
  • Summary
• Intercompany accounting in Dynamics 365 Finance
  • Introduction
  • Set up intercompany accounting
  • Post intercompany journals
  • Trace an intercompany entry
  • Lab - Set up and use intercompany accounting
  • Check your knowledge
  • Summary
• Configure ledger allocations and accruals in Dynamics 365 Finance
  • Introduction
  • Configure and apply accrual schemes
  • Exercise - Configure and use accrual schemes
  • Configure ledger allocation rules
  • Exercise - Configure and test ledger allocation rules
  • Check your knowledge
  • Summary
• Configure and perform periodic processes in Dynamics 365 Finance
  • Introduction
  • Set up the Financial period workspace and closing schedule

Bank reconciliations

• Cash application in advanced bank reconciliation
• Clear bridging payments using advanced bank reconciliation
• Run foreign currency revaluation processes
• Run trial balance
• Process end of year close
• Perform financial consolidations
• Lab - Perform year-end close and a consolidation
• Check your knowledge
• Summary

Work with analytics and reporting in finance and operations apps

• Introduction
• Understand different types of reports and inquiries
• Financial reporting
• Find inquiries and reports
• Generate and consume inquiries and reports
• Configure finance and operations apps for Microsoft Power Platform
• Lab - Work with reports
• Check your knowledge
• Summary

Configure cash and bank management in Dynamics 365 Finance

• Introduction
• Understand bank transaction types and groups
• Set up cash and bank management parameters
• Set up the Single Euro Payments Area (SEPA) direct debit mandate
• Set up International Bank Account Number (IBAN) structures
• Configure banks and bank check layout
• Set up bank accounts for customers
• Set up bank accounts for vendors
• Deposits and refunds
• Understand cash flow forecast and reports
• Configure cash flow forecasting
• Set up cash flow automation
• Summarize vendor and customer payments in bank transactions
• Lab - Work with cash and bank management
• Check your knowledge
• Summary

Customer and vendor netting in Dynamics 365 Finance

• Introduction
• Prerequisites and setup
• Netting agreements
• Manual netting process
• Automatic netting process
• Netting history and reporting
• Reversing netting transactions
• Exercise - Practice netting
• Check your knowledge
• Summary

Set up taxes in Dynamics 365 Finance

• Introduction
• Configure ledger posting groups
• Configure sales tax authorities
• Exercise - Set up sales tax authorities
• Configure sales tax settlement periods
• Exercise - Set up sales tax settlement periods
• Create sales tax codes
• Configure sales tax groups and item sales tax groups
• Exercise - Set up sales tax codes and sales tax groups
• Check your knowledge
• Summary

Work with taxes in Dynamics 365 Finance

• Introduction
• Withholding tax
• Sales tax exemption
• Conditional sales tax
• Sales tax on transactions
• Set up sales tax reporting codes
• Exercise - Set up sales tax reporting codes and withholding tax
• Calculate and adjust sales tax
• Prepare periodic filing
• Check your knowledge
• Summary

Manage accounts receivable

• Set up accounts receivable in Dynamics 365 Finance
  • Introduction
  • Payment schedule
  • Terms of payment and payment days
  • Cash discounts
  • Payment fees
  • Set up the credit card payment service
  • Methods of payment and payment control
  • Set up a payment calendar and payment calendar rules
  • Create and maintain customers
  • Set up customer posting profiles
  • Configure accounts receivable charges
  • Lab - Configure customer posting profiles and create a new customer
  • Check your knowledge
  • Summary
• Get started with accounts receivable daily procedures in Dynamics 365 Finance
  • Introduction
  • Create free text invoices
  • Exercise - Create and process a free text invoice
  • Recurring free text invoices
  • Create and handle payments of customer invoices for sales orders
  • Exercise - Work with invoices from sales orders
  • Settle transactions and undo settlements
  • Exercise - Process an invoice and settle it against a payment
  • Reimburse a customer
  • Check your knowledge
  • Summary
• Set up credit and collections in Dynamics 365 Finance
  • Introduction
  • Set up accounts receivables for credit and collections
  • Set up credit and collections components
  • Set up interest rates for an interest code
  • Waive, reinstate, or reverse interest fees
  • Set up and manage collection letters
  • Exercise - Set up credit and collections in Finance
  • Exercise - Create a write-off journal for a customer
  • Check your knowledge
  • Summary
• Process credit and collections in Dynamics 365 Finance
  • Introduction
  • Customer account statement
  • Working with collections
  • Collections coordinator workspace
  • Manage customer credit and collections
  • Credit management
  • Lab - Work with credit and collections
  • Check your knowledge
  • Summary
• Implement cost management in Dynamics 365 Finance
  • Introduction
  • Implement cost management
  • Configure cost groups
  • Configure inventory costing versions
  • Differentiate between inventory costing methodologies
  • Configure item model groups
  • Configure item groups and inventory posting profiles
  • Perform inventory recalculation, closing, and adjustment processes
  • Check your knowledge
  • Summary

Manage accounts payable

• Configure Accounts payable in Dynamics 365 Finance
  • Introduction
  • Configure the payment schedule
  • Configure terms of payment and payment days
  • Configure cash discounts
  • Set up payment fees
  • Create vendor groups
  • Set up accounts payable posting profiles
  • Set up default descriptions for automatic posting

Create vendors

• Set up methods of payment for vendors
• Set up bank accounts and bank account approvals for vendors
• Set up electronic payment formats
• Configure accounts payable charges
• Configure and use positive pay
• Lab - Configure accounts payable components
• Check your knowledge
• Summary

Work with accounts payable daily procedures in Dynamics 365 Finance

• Introduction
• Incoming invoice payments
• Process accounts payable credit memos
• Modify due dates and discount dates
• Work with cash discounts from vendors
• Create vendor payments
• Centralized payments
• Reverse a vendor payment
• Manage prepayments and prepayment invoices
• Exercise- Process a vendor payment by using a payment journal
• Check your knowledge
• Summary

Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance

• Introduction
• Settle transactions and undo settlements
• Distribute funds by using accounting distributions
• Configure invoice validation policies
• Three-way matching policies
• Vendor invoice workflow
• Lab - Work with accounting distributions, invoice validations, and settlements
• Check your knowledge
• Summary

Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance

• Introduction
• Configuration options
• Enable automatic vendor invoice prepayments
• Use workflow and product match receipts
• View vendor invoice automation results
• Check your knowledge
• Summary

Get started with Expense management in Dynamics 365 Project Operations

• Introduction
• Plan expense management
• Intercompany expenses
• Financial management
• Per diems
• Journals and accounts
• Payment methods
• Taxes
• Policies
• Expense categories and shared categories
• Map expense categories to a main account
• Check your knowledge
• Summary

Set up and configure Expense management in Dynamics 365 Project Operations

• Introduction
• Expense management workspace
• Expense management parameters
• Expense management workflows
• Expense report policies and per diem rules
• Evaluate policies by using Audit workbench cases
• Set up mileage expense options
• Intercompany expenses
• Personal expenses on an expense report
• Set up credit card transaction processing and import credit transactions
• Expense receipt processing
• VAT recovery
• Check your knowledge
• Summary

Perform budgeting and forecasting

• Set up and use basic budgeting Dynamics 365 Finance
  • Introduction
  • Plan for basic budgeting and budget control
  • Budget methodologies
  • Basic budgeting overview
  • Set up basic budgeting
  • Create and manage budget register entries
  • Exercise - Create a budget register entry
  • Implement a budget register workflow
  • Use workspace and inquiry pages to track budget vs. actuals
  • Use inquiries and reports for budget analysis
  • Exercise - Set up basic budgeting components
  • Check your knowledge
  • Summary
• Set up and use budget control in Dynamics 365 Finance
  • Introduction
  • Budget control overview and concepts
  • Set up budget control parameters
  • Budget funds available
  • Budget source documents
  • Budget groups
  • Activate budget control
  • Exercise – Set up budget control components
  • Check your knowledge
  • Summary
• Configure and use budget planning in Dynamics 365 Finance
  • Introduction
  • Configure budget planning components
  • Exercise - Configure budget planning, create, and use a planning process
  • Module assessment
  • Summary

Administer fixed assets and inventory

• Configure fixed assets management in Dynamics 365 Finance
  • Introduction
  • Fixed assets and current assets
  • Accounting for fixed assets
  • Relationships between fixed assets components
  • Configure fixed assets components
  • Derived books
  • Enable fixed asset integration
  • Fixed asset transaction options
  • Demonstration - Create a fixed asset
  • Lab - Work with fixed assets
  • Check your knowledge
  • Summary
• Set up and acquire fixed assets in Dynamics 365 Finance
  • Introduction
  • Life cycle of a fixed asset
  • Fixed asset management workspace
  • Fixed assets page
  • Set up fixed assets
  • Create a fixed asset
  • Activate a stock item
  • Set up acquisitions
  • Proposals
  • Acquire assets through procurement
  • Estimate and eliminate a project to a fixed asset
  • Manual and automatic methods to create fixed assets
  • Lab - Acquire a new asset
  • Check your knowledge
  • Summary
• Manage fixed assets in Dynamics 365 Finance
  • Introduction
  • Asset budgeting
  • Transfer a fixed asset
  • Set up fixed asset groups
  • Split a fixed asset
  • Update fixed asset information
  • Recalculate replacement costs and insured values for fixed asset groups
  • Fixed assets roll forward report
  • Check your knowledge
  • Summary
• Work with fixed asset deprecation and disposal in Dynamics 365 Finance
  • Introduction
  • Depreciation
  • Dispose of and lend fixed assets
  • Sell a fixed asset by using a free text invoice
  • Dispose of fixed assets as scrap
  • Exercise - Create a depreciation proposal
  • Check your knowledge
  • Summary