Length
Self-Paced
Price
$750 (On Demand Only)
Audience
Intermediate
On Demand
Yes
This Revision
MB-310T02
Technology
Microsoft Dynamics 365 Finance and Operations
Delivery Method
On Demand
Language
English

MB-310T02: Configure and use accounts payable, receivable, and collections in Finance and Operations

 

About this course


Organizations use Dynamics 365 for Finance and Operations to elevate their financial performance by increasing profitability, optimizing workforce productivity, reducing operational expenses, adapting quickly to requirement changes, and streamlining asset management.

This course discusses how to configure and use essential components of financial management in Dynamics 365 for Finance and Operations.


Audience profile


A Dynamics 365 for Finance and Operations Functional Consultant is responsible for performing discovery, capturing requirements, engaging subject matter experts and stakeholders, translating requirements, and configuring the solution and applications. The Functional Consultant implements a solution using out of the box capabilities, codeless extensibility, application and service integrations.

 

Course Schedule

Please note all Instructor Led courses will be in Australian EST time zone.

  • On Demand - Attend from the comfort of home or office

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  • Private Group Training 

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Module 1: Configure Accounts Payable


Dynamics 365 for Finance and Operations offers extensive functionality for setting up different vendor payment options.

 

Lessons


    Understand Task recorder functionality
    Configure accounts payable parameters
    Create and maintain vendors
    Configure accounts payable charges
    Configure and use positive pay
    Practice Lab
    


Module Summary


Configure accounts payable components.

    Create and maintain a vendor.
    Configure vendor payments.
    Set up vendor posting profiles.
    Configure accounts payable charges.


Module 2: Perform Accounts Payable Daily Procedures


Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging.

Organizations must monitor accounts payable closely and implement procedures so management can easily obtain the financial information that they need to have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all expenses that affect net profit are included in accounts payable.

This module explains how to manage and apply prepayments, record invoices, and process payments.


Lessons


    Introduction
    Process orders, invoices, and payments
    Manage and apply prepayments
    Practice Labs
    


Module summary


you can enter vendor invoices manually or receive them electronically through a data entity

    you can review and approve the invoices using an Invoice approval journal or the Vendor invoice page
    how you can use invoice matching, vendor invoice policies, &workflow to automate the review process
    How to handle prepayments to your vendors



Module 3: Use Accounting Distribution and Invoice Validations


This module explains how to settle transactions and undo settlement and distribute funds by using accounting distributions. You will also learn how to perform invoice matching.

Accounting distributions are used to define how an amount will be accounted for, such as how the expense, tax, or charges will be accounted for on a vendor invoice. Every amount that must be accounted for when the vendor invoice is journalized will have one or more accounting distributions.


Lessons


    Introduction
    Settle transaction and undo settlements
    Distribute funds
    Configure invoice validation policies
    Practice labs
   

Module summary


Settle transactions and undo settlements.

    Distribute funds by using accounting distributions.
    Configure invoice validation policies.


Module 4: Configure Accounts Receivable


You need to configure the Accounts receivable module to be able to create customer invoices, posting packing slips and use free text invoices that are not related to sales orders and finally receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers.

This module provides information about the configuration of essential components of the Accounts receivable module and the customer setup for efficient management of customers and customer transactions in Finance and Operations.

 

Lessons


    Configure accounts receivable
    Create and maintain customers
    Setup customer posting profiles
    Configure accounts receivable charges
    Practice Lab
    


Module summary


Configure Accounts receivable components

    Create and maintain a customer
    Configure customer payments.
    Set up customer posting profiles
    Configure accounts receivable charges


Module 5: Perform Accounts Receivable Daily Procedures


Learn how to create free text invoices, and receive payments from customers and deposit to the bank. You also learn how to refund a customer for the over payment amount or any other reasons like customer returns scenario which you need to refund the customer not only the payment but also the tax that has been collected, using reversals and use transaction reversals in Accounts receivable. You also learn how to distribute funds by using Accounting distributions in a free text invoice.


Lessons


    Create free text invoices and record customer payments
    Settle transactions and undo settlement
    Practice Lab
    


Module summary


Distribute funds by using Accounting distributions

    Create free text invoices, and record customer payments
    Configure Recurring invoices
    Use reversals in Accounts receivable
    Process orders, record invoices, and process payments


Module 6: Configure Credit and Collections


Although most customers pay their invoices on time, you need to be able to process invoices that are not paid by their due date.

This topic explains how to manage delinquent customers by configuring the Credit and collections module in Dynamics 365 for Finance and Operations. To use the Credit and collections module, you should already have completed the configuration of accounts receivable.


Lessons


    Introduction
    Configure credit and collections components
    Setup and manage interest
    Waive, reinstate or reverse
    Setup and manage collection letters
    Practice Lab
    


Module Summary


Configure credit and collections components.

    Configure aging reports, customer pools, collection agents, and aging period definitions.
    Set up and manage interests.
    Set up and manage collection letters.


Module 7: Process Credit and Collections


Although most customers pay their invoices on time, you must be able to process invoices that are not paid by their due date.

This topic explains how to process Credit and collections.

 

Lessons


    Introduction
    Understand how to process collections
    Manage customer credit and collections
    Practice Labs
    


Module Summary


Customer Statements

    How to process collection

 

Module 8: Course Conclusion


Final assessment and course summary, as well as a post-course survey for the course.


Lessons


    Final assessment
    Course summary
    Post-course survey

Prerequisites

This course is intended for Business Analysts and Functional Consultants.

Although not compulsory, it is recommended that students attend the prerequisite course ‘Introduction to Microsoft Dynamics 365’

This course is intended for Business Analysts and Functional Consultants.