Financials I in Microsoft Dynamics AX 2009 | Microsoft Training, MS Dynamics NAV, CRM, GP, AX, Business Central

This three-day instructor-led course provides students with the knowledge and skills to set up the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules of Microsoft Dynamics AX, and how to create transactions.

Course Outline

Module 1: General Ledger Setup

This module explains how to set up the General Ledger in Microsoft Dynamics AX. It shows how to set up a company currency, additional currencies, and exchange rates. It also explains how to create periods, a new fiscal year, dimension value, and a dimension focus.

Lessons

Currency and Exchange Rate Setup
Periods and Fiscal Year Setup
Date Intervals
Reason Codes
Dimensions
Dimension Focus
Generated Allocations

Lab : Create Periods in a New Fiscal Year

Lab : Assign Ledger Account Dimension Values

After completing this module, students will be able to:

Set up Currencies and Exchange Rates
Create Periods in a new fiscal year
Create Date intervals
Create, modify, and delete reason codes
Create a Dimension Value
Create a Dimension Focus
Set up allocation rules
Contrast the various allocation methods.

Module 2: Chart of Accounts

This module explains how to set up the Chart of Accounts. It also shows how to create and set up account allocation terms, system accounts, and view inquiries and reports about the Chart of Accounts.

Lessons

Ledger Account Categories
Chart of Accounts
Account Allocation Terms
System Accounts
Inquiries and Reports Related to the Chart of Accounts

After completing this module, students will be able to:

Create, edit, close, or delete Ledger Account Categories
Create a new account in the Chart of Accounts (COA)
Set up account allocation terms
Set up system accounts
View inquiries and reports related to the Chart of Accounts

Module 3: Journal Setup

This module explains how to set up Journals. It shows how to create and work with journal names, journal controls, journal texts, and how to set up balance control accounts, and General Ledger parameters.

Lessons

Journal Setup
Journal Controls
Journal Texts
Balance Control Accounts
General Ledger Parameters

Lab : Set Up Journals After completing this module, students will be able to:

Set up journal names
Set up journal controls
Create journal texts
Set up balance control accounts
Set up General Ledger parameters

Module 4: Financial Features

This module explains how to use features that can be used across the finacial series. It shows how to create, modify, and delete reason codes, and how to use the Fill Utility.

Lessons

Reason Codes
Fill Utility

Module 5: General Ledger Daily Procedures

This module explains how to enter transactions in the General Ledger. It shows how to create general journals, enter and post General Ledger journal transactions, post multiple journals, create approval journals, period journals, and retrieve period journals. It also explains General Ledger transaction reversal and the inquiry and reports about General Ledger journal transactions.

Lessons

Create General Ledger Journals
Enter General Ledger Journal Transactions
Create Journal Batch Processing
Create Approval Journals
Create and Use Voucher Templates
Create and Retrieve Periodic Journals
General Ledger Transaction Reversal
Create and Use General Ledger Reversing Entries
Inquire and Report on Daily Journal Transactions

After completing this module, students will be able to:

Create General Ledger Journals
Enter General Ledger Transactions
Post multiple journals
Create Approval Journals
Demonstrate data needed to create an Approval journal
Create a Voucher Template
Create and Retrieve Periodic Journals
General Ledger Transaction Reversal
Create General Ledger Reversing Entries
Inquire and Report on Daily Journal Transactions.

Module 6: Sales Tax Setup

This module explains how to set up sales tax. It also explains how to set up the different components of sales tax, and sales tax exempt data, and how to calculate and post withholding sales tax.

Lessons

Sales Tax Overview
Create Ledger Posting Groups
Create Sales Tax Authorities
Create Sales Tax Settlement Periods
Create Sales Tax Codes
Create Sales Tax Codes Intervals
Create a Sales Tax Group
Create Item Sales Tax Groups
Use Sales Tax Jurisdictions
Create Sales Tax Transactions
Create Sales Tax Exempt Data
Calculate and Post Withholding Sales Tax

After completing this module, students will be able to:

Create ledger posting groups
Create sales tax authorities
Create sales tax settlement periods
Create sales tax codes
Create sales tax codes intervals
Create a sales tax groups
Create item sales tax groups
Set up Sales tax jurisdictions
Create sales tax transactions
Create sales tax exempt data
Calculate and post withholding sales tax

Module 7: Bank Management Setup

This module explains how to set up the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before you create a check to pay an invoice. This chapter explains how to set up bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.

Lessons

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

After completing this module, students will be able to:

Set up bank transaction types
Set up bank transaction groups
Set up bank parameters
Set up payment purpose codes
Set up bank groups
Create a bank account
Define the check layout for a bank account

Module 8: Accounts Payable Setup

This module explains how to set up Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.

Lessons

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

After completing this module, students will be able to:

Create a payment schedule
Create terms of payment
Create a payment day
Set up a cash discount
Create a payment fee
Create a method of payment
Set up vendor groups
Set up posting profiles
Create a new vendor

Module 9: Accounts Payable Daily Procedures

This module explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each journal.

Lessons

Invoice Journals in Accounts Payable
Invoice Register
Invoice Approval Journal
Invoice Pool Excluding Posting
Invoice Journal
Voucher Template
Payment Journals
Invoice Matching
Edit Open Transactions
Reverse a Closed Transaction
Print Management

After completing this module, students will be able to:

Explain the different invoice journals
Register an invoice journal
Approve an invoice register journal
Create an invoice pool excluding posting
Create an invoice journal
Use a voucher template to create vouchers
Create a payment proposal
Run a payment proposal for a marked settlement
Create a payment journal
Generate a payment
Describe invoice matching
Edit open transactions
Reverse a closed transaction
Define print management settings

Module 10: Accounts Receivable Setup

This module explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.

Lessons

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

After completing this module, students will be able to:

Create a payment schedule
Create terms of payment
Create a payment day
Set up a cash discount
Create a payment fee
Create a method of payment
Set up customer groups
Set up posting profiles
Create a new customer

Module 11: Accounts Receivable Daily Procedures

This module explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice and the payment journal.

Lessons

Customer Process Overview
Create a Free Text Invoice
Create a Payment Journal
Edit Open Transactions
Place a Transaction on Hold
Reverse Settlements
Reimburse a Customer
Use Reason Codes in Accounts Receivable
Work with Print Management in Accounts Receivable

After completing this module, students will be able to:

Understand the customer process
Create a Free Text Invoice
Edit an Open Free Text Invoice
Create a Payment Proposal
Mark customer transactions for Settlement
Create a Payment Journal
Edit Open Transactions
Place an Accounts Receivable transaction on hold
Reverse a Settlement
Reimburse a Customer
Describe Reason codes in Accounts receivable
List the activities that you can control with print management settings
Examine print management setup

Module 12: Bank Management Daily Procedures

This module explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.

Lessons

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

After completing this module, students will be able to:

Create checks
Delete checks
Create a bank deposit entry
Void checks
Create a check refund that prints out a check
Use bank remittances
Reverse a posted check payment
Reconcile bank statements

Before attending this course, students must have:

Basic knowledge of accounting principles.
An understanding of how to move within Microsoft Dynamics AX.

In addition, we recommend, but do not require, that students have completed:

Microsoft Dynamics AX Introduction course

E-Tek is an authorized Prometric testing center, offering official Microsoft certification exams at its Secaucus, New Jersey (NJ) location.

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