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- Discover how Dynamics 365 Finance empowers business users to stay in control of finances and manage funds with accurate information for financial planning and forecasting.
In this module, you will be introduced to:
- The benefits of Dynamics 365 Finance.
- An overview of features in Finance.
- In today's global market, businesses receive and send payments using different currencies. Exchange rates must be managed properly to lower the monetary loss when accepting multiple currencies. Understanding how to forecast the amount of loss or gain caused by changes in exchange rate values can help you make smart business decisions to handle cash discounts and payments.
In this module, you'll learn about:
- 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.
- Learn to configure fiscal calendars, differentiate between ledgers, and create date intervals for accurate financial data recording.
In this module, you will learn how to:
- Differentiate between ledger and fiscal calendars.
- Configure and set up fiscal calendars, years, and periods.
- Create and use date intervals.
- Plan and set up a tailored chart of accounts in Dynamics 365 Finance, for your finance department's specific needs, including multiple legal entities if necessary.
This module explains the following concepts:
- Plan your chart of accounts.
- Understand multiple chart of accounts if your organization plans to use multiple legal entities.
- Set up a chart of accounts.
- Streamline your business processes with Dynamics 365 Finance by effectively managing financial accounts in your organization's general ledger system.
This module explains the following concepts:
- Main account categories
- Main account information
- Allocation terms
- Main account validation options
- Main account closing options
- How to create financial tags
- Learn the importance of financial dimensions and how to set them up in Dynamics 365 Finance for better tracking and analysis of financial data.
This module explains the following concepts:
- Importance of financial dimensions
- Financial dimension setup
- Creation of custom and entity-backed financial dimensions
- Default dimension values
- Analysis of derived dimensions
- How to set up financial dimension templates and sets
- Learn how to set up the General ledger, where all other modules post their related financial transactions.
In this module, you'll:
- Discover different types of journals and their setup.
- Learn about ledger and posting setup.
- Learn how to set up and use journals.
- Learn how to reverse journal posting.
- Learn how to set up batch transfer rules.
- Learn about general ledger processes, balance control accounts, journal controls, voucher templates, and ledger settlements.
In this module, you'll learn about:
- General ledger processes.
- Balance control accounts.
- Journal controls.
- Voucher templates.
- Ledger settlements.
- Learn to set up and use intercompany accounting for centralized processes, posting journals between different legal entities efficiently.
In this module, you will learn how to:
- Set up intercompany accounting
- Use intercompany accounting to post journals between two different legal entities
- Learn to configure and use accruals and allocations in finance, ensuring accurate revenue and expense tracking by distributing amounts across ledger accounts.
In this module, you learn how to:
- Configure and use accruals
- Configure and use allocations
- Learn how to configure and perform periodic processes in Finance, including reconciliations, 1099s, and tax reporting.
In this module, you learn how to:
- Configure financial period close.
- Reconcile banks.
- Clear bridging payments.
- Perform periodic closing and year closing processes.
- Prepare periodic filings.
- Run foreign currency revaluation processes.
- Perform financial consolidation and elimination processes.
- Process end of year tax reporting.
- Empower business users to make important decisions by using analytics and reporting in finance and operations apps.
In this module, you will learn about:
- Different types of reports and inquiries in finance and operations apps
- Financial reporting
- Configuring finance and operations apps for Microsoft Power Platform
- Generating and consuming inquiries and reports
- Learn to record and reconcile financial transactions, configure banks and cash flow forecasts, and automate updates in Dynamics 365 Finance.
In this module, you learn how to:
- Create and configure banks.
- Create and configure bank layouts.
- Configure cash and bank management parameters.
- Set up vendor and customer banks.
- Configure cash flow forecasts and reports.
- Use process automation to schedule updates for cash flow forecasts.
- Summarize vendor and customer payments in bank transactions.
- This module provides an overview of the customer and vendor balance netting process in Dynamics 365 Finance. It also explains how to set up the netting agreement, manually net customer and vendor balances, and reverse posted netting transactions.
In this module, you learn how to:
- Set up customer netting
- Set up vendor netting
- Use customer netting
- Use vendor netting
- Streamline tax management with automated calculations and compliance in Dynamics 365 Finance to enhance efficiency through ledger postings and sales tax configurations.
This module explains how to:
- Configure ledger posting groups.
- Create sales tax authorities.
- Configure sales tax settlement periods.
- Create sales tax codes.
- Configure sales tax groups and item sales tax groups.
- Ensure compliance and efficient tax management by learning about withholding taxes, sales tax exemptions, and conditional taxes for accurate financial reporting.
This module explains the following concepts:
- Withholding taxes
- Sales tax exemptions
- Conditional sales tax
- Analysis of sales tax on transactions
- How to set up sales tax reporting codes and withholding tax
- How to prepare periodic filling
