Course Details
Objectives
- Explain and set up the fields on the General Ledger Setup window.
- Explain and set up Accounting Periods.
- Explain how to use the Chart of Accounts.
- Explain the elements of the G/L Account Card.
- Explain the elements of the G/L Account Card ribbon.
- Explain the elements of the Chart of Account ribbon.
- Explain the general journal entry and posting system.
- Create and post general journal entries.
- Describe standard general journals.
- Describe recurring general journals and include the fields and allocations.
- Show how to use recurring journals with allocations and how to record accruals.
- Explain how to reverse and correct journal entries.
- Describe the Bank Account Card.
- Explain the Payments FastTab on the customer card.
- Explain the Payments FastTab on the vendor card.
- Show how to enter and post payments received from customers, by using cash receipt journals.
- Show how to enter and post payments to vendors by using the payment journal.
- Explain the Suggest Vendor Payments batch job.
- Explain how to print and post payables checks.
- Explain and show how to financially void a check.
- Explain how to void and reprint computer checks.
- Explain how to apply entries to customer and vendor ledger entries.
- Explain how to un-apply entries to customer and vendor ledger entries.
- Explain how to reverse customer ledger entries posted by using journals.
- Review the Bank Account Reconciliation window and the options for populating the bank reconciliation lines.
- Show how to process a bank reconciliation.
- Set up Microsoft Dynamics NAV to use payment discounts.
- Process transactions for various situations that benefit from payment discounts.
- Set up Microsoft Dynamics NAV to use a payment discount tolerance.
- Process transactions for various situations that benefit from using a payment discount tolerance.
- Set up Microsoft Dynamics NAV to use a payment tolerance.
- Process transactions for various situations that benefit from using a payment tolerance.
- Review how a payment discount tolerance and a payment tolerance are reflected in the detailed customer and vendor ledger entries.
- Explain why and when Reminders and Finance Charge Memos are used.
- Set up Microsoft Dynamics NAV to use reminders.
- Explain how to create and issue reminders.
- Set up Microsoft Dynamics NAV to use finance charge memos.
- Explain how to create and issue finance charge memos.
- Explain the different VAT calculation types.
- Show how to reverse a VAT charge.
- Describe how to correct a posted VAT entry.
- Show how to record Import VAT.
- Explain the Prices Including VAT fields on sales and purchase documents.
- Explain how to adjust calculated VAT amounts in sales and purchase documents and journals.
- Describe unrealized VAT.
- Explain, create, and print a VAT Statement.
- Explain and run the Calc. and Post VAT Settlement batch job.
- Explain the requirements for setting up prepayments.
- Set up and assign prepayment General Ledger accounts.
- Set up prepayment numbering for sales and purchases.
- Set up default prepayment percentages on customers and vendors.
- Set up default prepayment percentages for Customer-Item and Vendor-Item combinations.
- Set up prepayment posting verification for sales and purchases.
- Explain the prepayment processing flows for sales and purchase orders.
- Describe the prepayment-specific fields on sales and purchase orders.
- Create sales and purchase orders with prepayment percentages and amounts.
- Create prepayment invoices that are from sales and purchase orders.
- Explain the processes available to correct posted prepayment invoices.
- Close the accounting periods for the fiscal year.
- Explain and run the Close Income Statement batch job process.
- Complete the closing process by posting the general journal.
Target Audience
This course is intended for a partner that sells and implements the finance module to customers. The typical partner has an ERP background and is strong in accounting principles.