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- Learn how to set up the general ledger configuration options in Dynamics 365 Business Central.
In this module, you'll:
- Set up general features such as date range and currency settings.
- Create global and shortcut dimensions.
- Set up background posting and reporting.
- Establish rounding and tolerance in the application.
- Do you want to know how to set up the chart of accounts in Business Central? This module will focus on managing the chart of accounts. The Chart of Accounts list provides quick access to G/L accounts and balances, and the budgets feature provides a comparison between actual amounts and budgeted amounts by using a combination of G/L accounts, periods, and dimensions.
By the end of this module, you'll be able to:
- Use the chart of accounts.
- Create new G/L accounts.
- Assign account categories.
- Set up and assign account subcategories.
- Set up a review policy for general ledger entries.
- This module explains what posting groups are and what they're used for in Dynamics 365 Business Central. Additionally, this module focuses on showing you how to set up posting groups to create links between accounts in the different application areas to the G/L accounts in the General Ledger application area.
In this module, you'll:
- Learn about the purpose of posting groups in Business Central.
- Set up posting groups to link receivables, payables, bank accounts, and inventory accounts.
- Map sales and purchase G/L accounts in the general posting setup.
- With general journals, users can enter data in general ledger accounts and other accounts, such as customer, vendor, and bank accounts. This module will focus on how to set up general journal templates and batches.
By the end of this module, youll be able to:
- Explain the purpose and organization of journal templates and journal batches.
- Create general journal templates and general journal batches.
- If you want to know how to start using foreign currencies in Business Central, follow along with this module, which explains how to create currencies and enter exchange rates.
By the end of this module, you'll be able to:
- Understand the setup requirements for currencies and exchange rates when you are using multiple currencies.
- Enter exchange rates for currencies manually.
- Set up an exchange rate service.
- Use exchange rate services and job queue entries to automatically update exchange rates.
- Set up currencies for customers, vendors, and bank accounts.
- Revalue general ledger account balances to reflect currency changes.
- Cash management in Dynamics 365 Business Central is used to manage a company's bank accounts. Before you can start processing bank transactions, you should first set up cash management by creating bank accounts and journals.
This module explains how to:
- Create bank accounts in Business Central.
- Create customer and vendor bank accounts.
- Consolidate customer and vendor balances.
- Enter receivables information for customers.
- Enter payables information for vendors.
- Learn how to use general ledger allocations in Business Central.
This module explains how to:
- Set up allocation accounts.
- Create fixed and variable allocation accounts.
- Use allocation accounts on documents and journals.
- If you are responsible for financial reporting, then follow along with this module to learn how to set up dimensions. Dimensions are used to group posted entries for reporting purposes. Dimensions can be used throughout Business Central on entries in journals, documents, and budgets. Additionally, dimensions offer more extensive analysis and reporting functionalities.
By the end of this module, you are able to:
- Set up dimensions and dimension values.
- Enter dimensions manually in sales and purchase documents.
- Set up global and shortcut dimensions.
- Assign default dimensions to accounts.
- Prioritize default dimensions of certain account types.
- Block dimension combinations.
- If you want to know more about financial reporting in Business Central, then follow along with this module to find out about how to create your own customized reports without needing to develop them.
By the end of this module, you'll be able to:
- Set up financial reports.
- Set up column definitions.
- Use financial reports and column definitions to compare actuals to budgets.
- Export financial reports to Microsoft Excel.
- Do you want to discover what steps to take to close a fiscal year in Business Central? The year-end closing processes in Business Central are the final steps in the fiscal year. This module explains how to create and manage accounting periods and how to close a fiscal year.
By the end of this module, you are able to:
- Create new accounting periods.
- Create a new fiscal year.
- Close a fiscal year.
- Close an income statement.
- Analyze entries that are posted in a closed fiscal year.
- Do you want to know how to categorize fixed assets in Business Central? This module explains how you can set up fixed asset classes, subclasses, and locations.
In this module, you'll:
- Learn when to use fixed asset classes and subclasses.
- Set up fixed asset classes and subclasses to categorize fixed assets.
- Set up fixed asset locations.
- Do you want to find out how to group several fixed assets? This module shows you how to set up main assets and assign other fixed assets as components.
In this module, you'll:
- Learn about the benefits of using main assets and asset components.
- Set up main assets.
- Assign asset components to main assets.
- Analyze main assets and asset components.
- Use main assets and asset components in reports.
- Do you need to set up fixed assets in Business Central? Take this module to learn the details about how to configure depreciation books for assets.
In this module, you'll:
- Learn why depreciation books are used.
- Create a new depreciation book.
- Identify when to use multiple depreciation books.
- Copy a depreciation book.
- Configure the FA Posting Type Setup page.
- Configure the FA Journal Setup page.
- Do you want to post depreciation transactions in Business Central? This module explores the different deprecation methods and explains how to set up the depreciations on a fixed asset card.
In this module, you'll:
- Learn about the depreciation methods in Business Central.
- Set up a fixed asset with a depreciation method.
- Create a depreciation table.
- Do you want to know how to prepare a budgeted income statement, including details of future asset investments? This module demonstrates how to create budgeted assets and calculate future depreciations and disposals.
In this module, you'll:
- Create budgeted fixed assets.
- Calculate budgeted depreciations.
- Copy fixed asset transactions to a G/L budget.
- Purchase a budgeted asset.
