Microsoft 80219 -> Financials I in Microsoft Dynamics AX 2012 in any location of your choice

Check out the dates offered for DynamicsEdge MOC 80219 exceptional training for the best results. Customized training may also be possible.

Please use this link to access Course # 802871 for dates, or call for more information

See course #802871 AX Financials Boot Camp for available dates for this course

This course explores some of the basic financial functionality available in Microsoft Dynamics AX. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, as well as how to enter transactions in each.

Who Should Attend

This course is intended for partners, customers and other end users of the financial modules in Microsoft Dynamics AX.

Course Outline

Module 1: General Ledger Setup

This module explains how to work with the chart of accounts and it's multiple dimensions. These dimensions may be used to track profits, cost centers, and other financial information. Allocation rules and methods are also discussed in this course.

Lessons

  • Currency and Exchange Rate Setup
  • Periods and Fiscal Year Setup
  • Date Intervals
  • Reason Codes
  • Financial Dimensions
  • Financial Dimension Sets
  • Period Allocations

Module 2: Chart of Accounts Setup

This module discusses the set up of the chart of accounts. Topics include account categories, creating new accounts, defining account information and creating ledgers.

Lessons

  • Main Account Categories
  • Chart of Accounts
  • Main Account Information
  • Main Account Administration Information
  • Main Account Setup Information
  • Configuring Account Structures
  • Advanced Rules
  • Ledger Setup
  • Accounts for Automatic Transactions
  • Inquiries and Reports Related to the Chart of Accounts

Module 3: Journal Setup

This module explains the basic setup procedures for journals, including journal names, controls, and texts.

Lessons

  • Journal Setup
  • Journal Controls
  • Journal Descriptions
  • Balance Control Accounts
  • General Ledger Parameters

Module 4: General Ledger Daily Procedures

This module focuses on journal management and journal transactions. Review, change and modification of journals are discussed in this course.

Lessons

  • General Ledger Journals
  • Enter General Ledger Transactions
  • Posting Multiple Journals
  • Approval Journals
  • Gathering Data for an Approval Journal
  • Voucher Templates
  • Periodic Journals
  • General Ledger Transaction Reversal
  • Reversing Entries - General Journal
  • Inquire and View Reports on Daily Journal Transactions

Module 5: Sales Tax Setup

This module introduces the functionality available for handling sales tax in Microsoft Dynamics AX. Information regarding tax calculations options, posting and reporting can be handled is discussed along with how to enter sales tax transactions.

Lessons

  • Sales Tax Overview
  • Ledger Posting Groups
  • Sales Tax Authorities
  • Sales Tax Settlement Periods
  • Sales Tax Codes
  • Sales Tax Code Intervals
  • Sales Tax Groups
  • Item Sales Tax Groups
  • Sales Tax Jurisdictions
  • Sales Tax Transactions
  • Sales Tax Exemption
  • Withholding Sales Tax

Module 6: Financial Features

This module focuses on features that are used across the various financial modules of Microsoft Dynamics AX. Topics include financial reason codes and the fill utility.

Lessons

  • Financial Reason Codes
  • Fill Utility

Module 7: Cash and Bank Management Setup

This module introduces the concepts and methods used to create and maintain bank accounts. Topics include setting up bank accounts, bank transactions types, transaction groups, bank parameters and payment purpose codes.

Lessons

  • Bank Transaction Types
  • Bank Transaction Groups
  • Cash and Bank Management Parameters
  • Payment Purpose Codes
  • Bank Groups
  • Bank Accounts
  • Check Layout

Module 8: Cash and Bank Management Daily Procedures

This module focuses on the available processes to manage bank transactions including creating checks, deleting checks, voiding checks, creating a bank deposit entry, reverse a check payment, bank remittances, refund checks and bank statement reconciliation.

Lessons

  • Create Checks
  • Delete a Check
  • Deposit Slips
  • Void Unposted Checks
  • Refund Checks
  • Bank Remittance
  • Payment Reversal
  • Reconcile a Bank Account

Module 9: Accounts Payable Setup

This module describes the different Accounts Payable setup options. It discusses setup procedures and defaults including topics such as payment options, vendor setup and posting profiles.

Lessons

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Vendor Groups
  • Accounts Payable Posting Profiles
  • Accounts Payable Vendors

Module 10: Accounts Payable Daily Procedures

This module discusses the various invoice journals in the Accounts Payable module. It describes what to use each invoice journal for, and how to enter transactions in each journal.

Lessons

  • Invoice Journals in Accounts Payable
  • Invoice Register
  • Invoice Approval Journal
  • Vendor Invoice Pool Excluding Posting Details
  • Invoice Journal
  • Voucher Template
  • Payment Journals
  • Prepayments
  • Invoice Matching
  • Charges to Purchase Order Invoices
  • Edit Open Transactions
  • Reverse a Closed Transaction
  • Print Management

Module 11: Accounts Receivable Setup

This module introduces the setup procedures and defaults used in the Accounts Receivable module. Topics discussed include creating payment schedules, terms of payment, payment days, payment fees, and methods of payment. Setting up customers, customer groups and posting profiles are also discussed.

Lessons

  • Payment Schedule
  • Terms of Payment
  • Payment Days
  • Cash Discounts
  • Payment Fee
  • Methods of Payment
  • Customer Groups
  • Accounts Receivable Posting Profiles
  • Accounts Receivable Customers

Module 12: Accounts Receivable Daily Procedures

This module discusses the free text invoice and payment journal and various other Accounts Receivable transactions that you use on a day to day basis in Accounts Receivable.

Lessons

  • Free Text Invoice - Description and Usage
  • Payment Journals
  • Edit Open Transactions
  • Placing an Accounts Receivable Transaction on Hold
  • Reverse Settlements
  • Reimburse a Customer
  • Reason Codes
  • Print Management

Labs

Lab: Setup a Currency Exchange Rate
Lab: Create Periods in a New Fiscal Year
Lab: Assign Ledger Account Dimension Values
Lab: Enter a Main Account
Lab: Account Allocation Terms
Lab: Set Up Journals
Lab: Daily Transactions
Lab: Daily Transactions with Balance Control
Lab: Entering Periodic Transactions
Lab: Create a Ledger Posting Group
Lab: Create a Sales Tax Authority
Lab: Create and Assign a Vendor to the Sales Tax Authority
Lab: Setup of Sales Tax Settlement Periods
Lab: Set Up Sales Tax Codes Intervals
Lab: Comprehensive Setup of Sales Tax
Lab: Including Sales Tax in Journal Amounts
Lab: EU 115 Sales Tax Directive
Lab: Create Bank Transaction Types and Bank Transaction Groups
Lab: Create a Bank Group and Bank Account
Lab: Define a Check Layout
Lab: Create and Delete a Check
Lab: Create a Deposit Slip
Lab: Check Refund
Lab: Terms of Payment
Lab: Method of Payment, Terms of Payment, and Cash Discount
Lab: Create a Vendor Group
Lab: Vendor Posting Profile
Lab: Vendors
Lab: Register an Invoice
Lab: Invoice Pool Excluding Posting
Lab: Invoice Journal
Lab: Payment Journals
Lab: Setup and Track a Prepayment
Lab: Reverse a Closed Transaction
Lab: Terms of Payment
Lab: Set up a Method of Payment
Lab: Create a Customer Group
Lab: Set Up a Customer Posting Profile
Lab: Create a Customer
Lab: Create Free Text Invoices
Lab: Settlements - Entering an Accounts Receivable Payment Journal (Cash Receipt)
Lab: Edit Open Transactions
Lab: Reverse a Settlement
Lab: Reimburse a Customer

What You'll Learn

After completing this course, students will be able to:

  • Set up General Ledger.
  • Set up a Chart of Accounts.
  • Set up Journals.
  • Enter General Ledger Transactions.
  • Set up Sales Tax Components.
  • Set up Reason Codes and use the Fill Utility.
  • Set up Bank Accounts and Bank Parameters.
  • Enter Bank Transactions.
  • Set up Accounts Payable.
  • Enter Accounts Payable Transactions.
  • Set up Accounts Receivable.
  • Enter Accounts Receivable Transaction.