Manage Financial Operations with Dynamics 365 Finance

Manage Financial Operations with Dynamics 365 Finance (MB-310T00)

Course Length: 4 days
Delivery Methods: Available as private class only
Course Overview

This course covers the financial aspects of Dynamics 365: configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality.

As a Dynamics 365 for Finance and Operations Functional Consultant, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices. You have a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to core finance, manufacturing, retail, and supply chain management operations. You specialize in one or more feature sets of Dynamics 365 Finance including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. You understand the relationships between finance and manufacturing, retail, and supply chain management.

Course Benefits
  • Gain a comprehensive overview of Dynamics 365 Finance, including its features, core components, and financial management capabilities.
  • Learn how to set up and configure financial management within Dynamics 365 Finance, including creating new legal entities and managing general ledger configurations.
  • Understand the implementation and management of shared configurations for Accounts Payable (A/P) and Accounts Receivable (A/R) to streamline payment options and bank information.
  • Develop expertise in managing accounts payable to enhance vendor relationships and efficiency in vendor transactions and payments.
  • Acquire skills in expense management to automate the reimbursement process, manage corporate expenses, and ensure compliance with expense policies.
  • Master the configuration and management of accounts receivable and credit collections to optimize customer satisfaction and financial operations.
  • Become proficient in budgeting within Dynamics 365 Finance, learning how to configure and manage budget processes and controls effectively.
  • Learn how to configure and manage fixed assets, including acquisitions, depreciation, disposals, and the integration of fixed assets into financial reports.
  • Participate in practical labs and exercises that reinforce the application of Dynamics 365 Finance in real-world scenarios, such as vendor payments, financial reporting, and asset management.
  • Enhance your Dynamics 365 Finance skills with additional labs focusing on configuring tax ledgers, applying accrual schemes, and managing financial dimensions.
Microsoft Certified Partner

Webucator is a Microsoft Certified Partner. This class uses official Microsoft courseware and will be delivered by a Microsoft Certified Trainer (MCT).

Course Outline
  1. Get started with Dynamics 365 Finance
    1. Introduction
    2. Benefits of Dynamics 365 Finance
    3. Overview
    4. General ledger
    5. Cash and bank management
    6. Tax
    7. Accounts payable
    8. Accounts receivable
    9. Credit and collections
    10. Budgeting
    11. Fixed assets
    12. Cost accounting
    13. Electronic invoicing
    14. Check your knowledge
  2. Configure currencies in Dynamics 365 Finance
    1. Set up currencies and conversions
    2. Configure and import currency exchange rates
    3. Check your knowledge
  3. Create fiscal calendars, years, and periods in Dynamics 365 Finance
    1. Fiscal calendars, fiscal years, and periods
    2. Create fiscal calendars, years and periods
    3. Select a fiscal calendar
    4. Define budget cycle time spans
    5. Maintain periods for your organization
    6. Create date intervals
    7. Check your knowledge
  4. Get started with chart of accounts in Dynamics 365 Finance
    1. Plan your chart of accounts
    2. Multiple chart of accounts
    3. Set up a chart of accounts
    4. Check your knowledge
  5. Set up chart of accounts in Dynamics 365 Finance
    1. Main account categories
    2. Main account information
    3. Allocation terms
    4. Main account validation options
    5. Main account closing options
    6. Financial tags
    7. Accounts for automatic transactions
    8. Check your knowledge
  6. Set up financial dimensions in Dynamics 365 Finance
    1. Define and set up financial dimensions
    2. Create a custom financial dimension
    3. Create an entity-backed financial dimension
    4. Activate and delete financial dimensions
    5. Default dimension values
    6. Derived dimensions
    7. Set up financial dimension templates and sets
    8. Define and set up account structure and advanced rules
    9. Ledger account aliases
    10. Check your knowledge
  7. Set up ledgers and journals in Dynamics 365 Finance
    1. Understand the different types of journals and their setup
    2. Describe use cases for periodic journals
    3. Configure ledger and journal setup
    4. Discover options for implementing voucher numbers in journals
    5. Set up journal approvals
    6. Configure and use journals
    7. Publish journal lines to Microsoft Excel
    8. Reverse journal posting
    9. Set up batch transfer rules
    10. Check your knowledge
  8. Perform general ledger daily procedures in Dynamics 365 Finance
    1. Using balance control accounts
    2. Process a journal entry
    3. Work with general ledger processes
    4. Ledger settlements
    5. Create templates to edit journals in Microsoft Excel
    6. Create voucher templates
    7. Set up journal controls
    8. Check your knowledge
  9. Intercompany accounting in Dynamics 365 Finance
    1. Set up intercompany accounting
    2. Post intercompany journals
    3. Trace an intercompany entry
    4. Check your knowledge
  10. Configure ledger allocations and accruals in Dynamics 365 Finance
    1. Introduction
    2. Configure and apply accrual schemes
    3. Configure ledger allocation rules
    4. Check your knowledge
  11. Configure and perform periodic processes in Dynamics 365 Finance
    1. Set up the Financial period workspace and closing schedule
    2. Bank reconciliations
    3. Cash application in advanced bank reconciliation
    4. Clear bridging payments using advanced bank reconciliation
    5. Run foreign currency revaluation processes
    6. Run trial balance
    7. Process end of year close
    8. Perform financial consolidations
    9. Check your knowledge
  12. Work with analytics and reporting in finance and operations apps
    1. Understand different types of reports and inquiries
    2. Financial reporting
    3. Find inquiries and reports
    4. Generate and consume inquiries and reports
    5. Configure finance and operations apps for Microsoft Power Platform
    6. Check your knowledge
  13. Configure cash and bank management in Dynamics 365 Finance
    1. Understand bank transaction types and groups
    2. Set up cash and bank management parameters
    3. Set up the Single Euro Payments Area (SEPA) direct debit mandate
    4. Set up International Bank Account Number (IBAN) structures
    5. Configure banks and bank check layout
    6. Set up bank accounts for customers
    7. Set up bank accounts for vendors
    8. Deposits and refunds
    9. Understand cash flow forecast and reports
    10. Configure cash flow forecasting
    11. Set up cash flow automation
    12. Summarize vendor and customer payments in bank transactions
    13. Check your knowledge
  14. Customer and vendor netting in Dynamics 365 Finance
    1. Prerequisites and setup
    2. Netting agreements
    3. Manual netting process
    4. Automatic netting process
    5. Netting history and reporting
    6. Reversing netting transactions
    7. Check your knowledge
  15. Set up taxes in Dynamics 365 Finance
    1. Configure ledger posting groups
    2. Configure sales tax authorities
    3. Configure sales tax settlement periods
    4. Create sales tax codes
    5. Configure sales tax groups and item sales tax groups
    6. Check your knowledge
  16. Work with taxes in Dynamics 365 Finance
    1. Withholding tax
    2. Sales tax exemption
    3. Conditional sales tax
    4. Sales tax on transactions
    5. Set up sales tax reporting codes
    6. Calculate and adjust sales tax
    7. Prepare periodic filing
    8. Check your knowledge
  17. Set up accounts receivable in Dynamics 365 Finance
    1. Introduction
    2. Payment schedule
    3. Terms of payment and payment days
    4. Cash discounts
    5. Payment fees
    6. Set up the credit card payment service
    7. Methods of payment and payment control
    8. Set up a payment calendar and payment calendar rules
    9. Create and maintain customers
    10. Set up customer posting profiles
    11. Configure accounts receivable charges
    12. Check your knowledge
  18. Get started with accounts receivable daily procedures in Dynamics 365 Finance
    1. Introduction
    2. Create free text invoices
    3. Recurring free text invoices
    4. Create and handle payments of customer invoices for sales orders
    5. Settle transactions and undo settlements
    6. Reimburse a customer
    7. Check your knowledge
  19. Set up credit and collections in Dynamics 365 Finance
    1. Introduction
    2. Set up accounts receivables for credit and collections
    3. Set up credit and collections components
    4. Set up interest rates for an interest code
    5. Waive, reinstate, or reverse interest fees
    6. Set up and manage collection letters
    7. Check your knowledge
  20. Process credit and collections in Dynamics 365 Finance
    1. Introduction
    2. Customer account statement
    3. Working with collections
    4. Collections coordinator workspace
    5. Manage customer credit and collections
    6. Credit management
    7. Check your knowledge
  21. Implement cost management in Dynamics 365 Finance
    1. Implement cost management
    2. Configure cost groups
    3. Configure inventory costing versions
    4. Differentiate between inventory costing methodologies
    5. Configure item model groups
    6. Configure item groups and inventory posting profiles
    7. Perform inventory recalculation, closing, and adjustment processes
    8. Check your knowledge
  22. Configure Accounts payable in Dynamics 365 Finance
    1. Configure the payment schedule
    2. Configure terms of payment and payment days
    3. Configure cash discounts
    4. Set up payment fees
    5. Create vendor groups
    6. Set up accounts payable posting profiles
    7. Set up default descriptions for automatic posting
    8. Create vendors
    9. Set up methods of payment for vendors
    10. Set up bank accounts and bank account approvals for vendors
    11. Set up electronic payment formats
    12. Configure accounts payable charges
    13. Configure and use positive pay
    14. Check your knowledge
  23. Work with accounts payable daily procedures in Dynamics 365 Finance
    1. Incoming invoice payments
    2. Process accounts payable credit memos
    3. Modify due dates and discount dates
    4. Work with cash discounts from vendors
    5. Create vendor payments
    6. Centralized payments
    7. Reverse a vendor payment
    8. Manage prepayments and prepayment invoices
    9. Check your knowledge
  24. Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance
    1. Settle transactions and undo settlements
    2. Distribute funds by using accounting distributions
    3. Configure invoice validation policies
    4. Three-way matching policies
    5. Vendor invoice workflow
    6. Check your knowledge
  25. Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance
    1. Configuration options
    2. Enable automatic vendor invoice prepayments
    3. Use workflow and product match receipts
    4. View vendor invoice automation results
    5. Check your knowledge
  26. Get started with Expense management in Dynamics 365 Project Operations
    1. Plan expense management
    2. Intercompany expenses
    3. Financial management
    4. Per diems
    5. Journals and accounts
    6. Payment methods
    7. Taxes
    8. Policies
    9. Expense categories and shared categories
    10. Map expense categories to a main account
    11. Check your knowledge
  27. Set up and configure Expense management in Dynamics 365 Project Operations
    1. Expense management workspace
    2. Expense management parameters
    3. Expense management workflows
    4. Expense report policies and per diem rules
    5. Evaluate policies by using Audit workbench cases
    6. Set up mileage expense options
    7. Intercompany expenses
    8. Personal expenses on an expense report
    9. Set up credit card transaction processing and import credit transactions
    10. Expense receipt processing
    11. VAT recovery
    12. Check your knowledge
  28. Set up and use basic budgeting Dynamics 365 Finance
    1. Plan for basic budgeting and budget control
    2. Budget methodologies
    3. Basic budgeting overview
    4. Set up basic budgeting
    5. Create and manage budget register entries
    6. Implement a budget register workflow
    7. Use workspace and inquiry pages to track budget vs. actuals
    8. Use inquiries and reports for budget analysis
    9. Check your knowledge
  29. Set up and use budget control in Dynamics 365 Finance
    1. Budget control overview and concepts
    2. Set up budget control parameters
    3. Budget source documents
    4. Budget groups
    5. Activate budget control
    6. Check your knowledge
  30. Configure and use budget planning in Dynamics 365 Finance
    1. Introduction
    2. Configure budget planning components
  31. Configure fixed assets management in Dynamics 365 Finance
    1. Fixed assets and current assets
    2. Accounting for fixed assets
    3. Relationships between fixed assets components
    4. Configure fixed assets components
    5. Derived books
    6. Enable fixed asset integration
    7. Fixed asset transaction options
    8. Demonstration - Create a fixed asset
    9. Check your knowledge
  32. Set up and acquire fixed assets in Dynamics 365 Finance
    1. Life cycle of a fixed asset
    2. Fixed asset management workspace
    3. Fixed assets page
    4. Set up fixed assets
    5. Create a fixed asset
    6. Activate a stock item
    7. Set up acquisitions
    8. Proposals
    9. Acquire assets through procurement
    10. Estimate and eliminate a project to a fixed asset
    11. Manual and automatic methods to create fixed assets
    12. Check your knowledge
  33. Manage fixed assets in Dynamics 365 Finance
    1. Asset budgeting
    2. Transfer a fixed asset
    3. Set up fixed asset groups
    4. Split a fixed asset
    5. Update fixed asset information
    6. Recalculate replacement costs and insured values for fixed asset groups
    7. Fixed assets roll forward report
    8. Check your knowledge
  34. Work with fixed asset deprecation and disposal in Dynamics 365 Finance
    1. Depreciation
    2. Dispose of and lend fixed assets
    3. Sell a fixed asset by using a free text invoice
    4. Dispose of fixed assets as scrap
    5. Check your knowledge
Class Materials

Each student will receive a comprehensive set of materials, including course notes and all the class examples.

Class Prerequisites

Experience in the following is required for this Dynamics 365 class:

  • Basic accounting skills
  • Core competencies in Dynamics 365 Core
Live Private Class
  • Private Class for your Team
  • Live training
  • Online or On-location
  • Customizable
  • Expert Instructors
Request Proposal