Microsoft Dynamics 365 Finance

Type

Virtual

Solutions

Classroom ILT

Skill Level

Microsoft Techs: Intermediate

Available dates

Learning Path

Cloud Computing

Virtual

Duration

4 Days

1 Day

TYPE

Virtual

Classroom ILT

LEARNING PATH

Cloud Computing

SKILL LEVEL

Microsoft Techs: Intermediate

DURATION

4 Days

AVAILABLE DATES

Choose date

From: R9 700,00

Price excluding VAT

Module 1: Overview of Dynamics 365 Finance

This module will discuss the core components of Finance and look at the modules involved.

Lessons:

  • Introduction
  • Lesson 1: Overview of Dynamics 365 Finance Features and capabilities
  • Lesson 2: Core components of Dynamics 365 Finance
  • Lesson 3: Overview of financial management modules in Dynamics 365 Finance
  • Lesson 4: Benefits of Dynamics 365 Finance
  • Module summary
  • Knowledge Check

After completing this module, students will be able to:

  • You learned some of the benefits of financial management of Dynamics 365 Finance.
Module 2: Set up and configure financial management
In this module, we will discuss how to create a new legal entity (company) and setup and configure financial management for it. This module includes general ledger.

Lessons:

  • introduction
  • Lesson 1: Create and configure a new legal entity
  • Lesson 2: Define and configure the chart of accounts
  • Lesson 3: Configure ledgers and currencies
  • Lesson 4: Implement and manage journals
  • Lesson 5: Implement and manage cash and bank
  • Lesson 6: Implement cost accounting and cost management
  • Lesson 7: Perform periodic processes
  • Lesson 8: Configure, collect, and report taxes
  • Module summary
  • Knowledge Check

Lab : Exercise 1: Configure a new legal entity

Lab : Exercise 2: Create a chart of accounts and main accounts

Lab : Exercise 3: Create Advanced Rule Structures

Lab : Exercise 4: Create a fiscal calendar, years and periods

Lab : Exercise 5: Import exchange rates by using a provider

Lab : Exercise 6: Create and use Voucher templates

Lab : Exercise 7: Configure and test Accrual schemes

Lab : Exercise 8: Configure and test ledger allocation rules

Lab : Exercise 9: Set up and use Intercompany accounting

Lab : Exercise 10: Create bank transaction types and bank transaction groups

Lab : Exercise 11: Create a bank group and bank account

Lab : Exercise 12: Make deposits and perform payment reversals

Lab : Exercise 13: Use Bank management workspaces

Lab : Exercise 14: Create Cost accounting by using a wizard

Lab : Exercise 15: Perform year end close

Lab : Exercise 16: Configure Indirect sales tax

After completing this module, students will be able to:

  • you’ll be able to set up and configure financial management by preparing the G/L and others.
Module 3: Implement and manage shared configuration for A/P and A/R
Dynamics 365 Finance offers extensive functionality for setting up different payment options which are shared between accounts payable and receivable modules.

Lessons:

  • Introduction
  • Lesson 1: Configure Terms of payment
  • Lesson 2: Configure payment days, and payment schedules
  • Lesson 3: Configure Cash discounts
  • Lesson 4: Configure Payment calendar
  • Lesson 5: Configure Payment fees
  • Module summary
  • Knowledge Check

Lab : Exercise 1: Configure Terms of payment

Lab : Exercise 2: Configure Payment Schedule

Lab : Exercise 3: Configure cash discounts

Lab : Exercise 4: Create a payment calendar

Lab : Exercise 5: Configure Payment fees

After completing this module, students will be able to:

  • you’ll be able to configure payment and bank information
Module 4: Implement and manage accounts payable
This topic explains the basic setup of accounts payable and the vendor setup for efficient management of vendors and vendor transactions in Dynamics 365 Finance.

Lessons

  • Introduction
  • Lesson 1: Create and maintain Accounts payable method of payments
  • Lesson 2: Create and maintain Vendor groups and vendors
  • Lesson 3: Create and configure vendor posting profile
  • Lesson 4: Configure invoice validation policies
  • Lesson 5: Process orders, invoices, and payments
  • Lesson 6: Enable and test vendor collaboration portal for a vendor
  • Lesson 7: Configure accounts payable charges
  • Lesson 8: Configure and use Positive pay
  • Module summary
  • Knowledge check

Lab : Exercise 1: Configure Method of Payment

Lab : Exercise 2: Create Vendor group and vendor

Lab : Exercise 3: Create and configure vendor posting profile

Lab : Exercise 4: Record vendor invoice and match against received quantity

Lab : Exercise 5: Use the vendor invoice matching policy

Lab : Exercise 6: Record invoice by using Invoice register, approval and Invoice journals

Lab : Exercise 7: Process Vendor payment by using a Payment journal

Lab : Exercise 8: Configure vendor collaboration

Lab : Exercise 9: Manage charges

After completing this module, students will be able to:

  • that payment options in Dynamics 365 Finance are flexible
  • to set up and use payment schedules
  • to manage cash discount
  • to work with vendor groups
  • to use features such as prepayments
Module 5: Implement and manage expense management
You can use the Dynamics 365 Finance and Operations apps expense management to create an integrated workflow where you can store payment method information, import credit card transactions, and track the money that employees spend when they incur expenses for your business. You can also define expense policies and automate the reimbursement of travel expenses. Expense report entry has been redesigned to simplify the experience and decrease the time that is required to complete expense reports. You can turn on this functionality in Feature management. You can add a new setup page to configure the visibility of expense fields, and specify what data is required, optional, or not available when expense reports are entered. When this functionality is turned on, a new expense workspace is available. This workspace replaces the previous expense workspace and is the landing page for the improved entry experience. Travel and expense management has a strong value proposition for organizations with discretionary spending. Travel and entertainment expenses are a significant part of a company’s controllable expense. To help curb these costs, expense management provides a mechanism to define and apply expense policies, in addition to flagging and reporting on abusers of the policies. Additionally, automating the entry and reimbursement of travel and entertainment expenses reduces processing costs versus manual entry. Expense management has tight integration with other modules such as Accounts payable, General ledger, Procurement, and sourcing and Project management and accounting.

Lessons:

  • Introduction
  • Lesson 1: Configure and use expense management
  • Module summary
  • Knowledge check

Lab : Exercise 1: Create an Expense Category

Lab : Exercise 2: Create an Expense Policy

Lab : Exercise 3: Create an Audit Policy

Lab : Exercise 4: Create and Submit an Expense Report

 

After completing this module, students will be able to:

  • you have learned some of benefits and overall features and functionality of Expense management.
Module 6: Implement and manage accounts receivable and credit and collections
You need to configure the Accounts receivable module to be able to perform A/R functionality. You could then create customer invoices, post packing slips, use free text invoices that are not related to sales orders, and receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers. Managing prospects and customers properly helps businesses to fulfil some of their requirements, such as customers’ satisfaction. At the same time, proper management avoids loss by checking many factors such as the credit limit and blocking the order being processed if it violates the policies of the company. Salespersons are the key for company’s revenue, and their commissions should be taken care of upon completion of the sales cycle.

Lessons:

  • Introduction
  • Lesson 1: Configure Method of Payment
  • Lesson 2: Create and maintain Customer groups and customers
  • Lesson 3: Create and configure customer posting profile
  • Lesson 4: Process orders, invoices, and payments
  • Lesson 5: Configure Accounts receivable charges
  • Lesson 6: Manage credit and collections
  • Lesson 7: Configure revenue recognition
  • Module summary
  • Knowledge Check

Lab : Exercise 1: Configure Method of Payment

Lab : Exercise 2: Create a new customer group and customer

Lab : Exercise 3: Configure and maintain customers

Lab : Exercise 4: Create and configure customer posting profile

Lab : Exercise 5: Create and process free text invoices

Lab : Exercise 6: Process invoice and settle it against a payment

Lab : Exercise 7: Set up charge codes for Accounts receivable

Lab : Exercise 8: Configure Credit and collections

Lab : Exercise 9: Perform Write-Offs

Lab : Exercise 10: Process credit and collections

 

After completing this module, students will be able to:

  • Configure Method of Payment
  • Describe and configure electronic payment formats
  • Create and maintain Customer groups and customers
  • Create and configure customer posting profile
  • Process orders, invoices, and payments
  • Configure Accounts receivable charges
  • Manage credit and collections
  • Configure revenue recognition
Module 7: Configure and manage budgeting
Every organization, whether it is private or public, sets financial and operational goals by creating budgets. When the budget is established, management monitors the activities within the budget framework.

Lessons:

  • Introduction
  • Lesson 1: Configure and use basic budgeting
  • Lesson 2: Configure and use budget controls
  • Lesson 3: Create and configure registry entries
  • Lesson 4: Configure and use budget planning
  • Module summary
  • Knowledge Check

Lab : Exercise 1: Configure Basic budgeting components

Lab : Exercise 2: Configure Budget control components

Lab : Exercise 3: Use Budget register entries

Lab : Exercise 4: Configure Budget planning, create and use a planning process

 

After completing this module, students will be able to:

  • Configure and manage Budgeting processes
  • Configure budgeting components incl budget models, codes, allocation terms, cycles, transfer rules
  • Configure budget controls including cycle time spans, budget parameters, budget fund availability…
  • … options, budget control rules and groups, and over-budget permissions
  • Implement budget workflows
  • Create and configure registry entries
  • Perform budget checks on documents and journals
  • Create a budget plan including scenarios, stages, allocation stages, stage allocations, templates
  • Define a budget planning process and plan a budget
Module 8: Configure and manage fixed assets
The way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules.

Lessons:

  • Introduction
  • Lesson 1: Configure Fixed assets components
  • Lesson 2: Manage Fixed assets
  • Lesson 3: Fixed asset acquisition, depreciation and disposal
  • Lesson 4: Fixed asset integration
  • Module summary
  • Knowledge Check

Lab : Exercise 1: Configure fixed assets components

Lab : Exercise 2: Set up and create depreciation profiles

Lab : Exercise 3: Acquiring an Asset Using the Fixed Assets Journal

Lab : Exercise 4: Depreciating and disposing an asset

 

After completing this module, students will be able to

  • Implement and manage fixed assets
  • Create fixed assets and fixed assets groups
  • Describe and configure fixed asset books and depreciation
  • Configure Fixed asset parameters
  • Fixed asset acquisition and depreciation
  • Fixed asset leasing
  • Dual currency with Fixed assets
  • Organization-wide fixed asset identifiers
  • Fixed asset disposal
  • Create fixed asset budgets and transfer the budgets to the budgeting module
  • Estimate and perform an elimination of a project to a fixed asset

Microsoft Overview

Skilled Microsoft engineers add significant value to the marketplace by reducing the cost of technology solutions whilst improving efficiency and fuelling innovation. Through authorized Microsoft training, Torque IT empowers engineers, developers and end-users to realise their full potential by providing them with the necessary knowledge and skills to optimise the adoption and use of Microsoft solutions.

Torque IT considers authorised Microsoft training to be an integral part of any Microsoft implementation. Microsoft authorised training, and associated certification, ensures that you get the most from your technology investment and that you are able to operate above the technology curve. Microsoft career certifications are universally recognised as demonstrating a high level of expertise and credibility for individuals and the organisations that employ them.

Authorized Microsoft training and certification is the industry standard for any solution that includes designing, selling, implementing, upgrading, managing, and operating Microsoft solutions.

For 19 years, Torque IT has maintained the status of Gold Learning Partner for Microsoft in South Africa. This is the highest level of accreditation that Microsoft awards to Learning Partners that specialize in technical, product, sales, development, end-user and solutions training.

These achievements reflect our commitment to providing our customers with quality skills development, enablement, training, and certification solutions that demonstrate exceptional depth, breadth, and expertise across Windows Server, Windows Client, Microsoft Virtualization, Microsoft Azure, Office 365, Exchange Server, SharePoint Server, Skype for Business, System Centre Server, Visual Studio and Microsoft Office technologies.

Torque is recognized by Microsoft, and the industry, as having met rigorous standards for educational competency, service, customer satisfaction and investment in Microsoft technologies that will prepare the next generation of IT industry professionals.