Managed Business & IT Training Solutions

MBIT Training Ltd

Accounts Payable in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition (81199)

This course reviews the general concepts related to the financial setup of vendors in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition. It also reviews the concepts and procedures related to vendor invoicing, vendor invoice journal, vendor payments, prepayments, vendor 1099s, and finally commitment accounting.
SKU: 81199
GTIN: 81199
Manufacturer: Microsoft
£500.00 (GBP)

This course reviews the general concepts related to the financial setup of vendors in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition. It also reviews the concepts and procedures related to vendor invoicing, vendor invoice journal, vendor payments, prepayments, vendor 1099s, and finally commitment accounting.

This course helps prepare you for exam MB6-895.

This course helps prepare you for assessment Financial Management in Microsoft Dynamics 365 for Finance and Operations.

Learning Objectives

  • Set up Payment Schedules
  • Set up Terms of Payment
  • Create Cash Discount Codes
  • Create Payment Fees
  • Review Accounts Payable Parameters
  • Set up Vendor Posting Profiles
  • Create Vendor Groups
  • Create a Vendor
  • Review Vendor details applicable to Finance
  • Create a Vendor Invoice Manually
  • Create a Vendor Invoice from a Purchase Receipt
  • Set Invoice Matching Policies
  • Update Match status on an Invoice
  • Over-ride matching requirements for an Invoice
  • Add Charges to an Invoice at posting
  • Create an Invoice Journal
  • Create an Invoice Approval Journal
  • Review the Invoice Register
  • Review Voucher Templates
  • Review Methods of Payment Setup
  • Create Payment Journals
  • Create Electronic Vendor Payments including Electronic Checks
  • Reverse payments to vendors
  • Review Inquiries and Reports
  • Review Bridging Accounts
  • Review concept of prepayment
  • Set up prepayments
  • Process prepayments with a payment journal
  • Process prepayments on a purchase order
  • Set up Vendors to report on 1099 transactions
  • Review 1099 Transactions
  • Run the 1099 reports
  • Run the export file to send to the taxing authorities
  • Define an encumbrance
  • Set up encumbrances
  • Create purchase order encumbrance transactions
  • Complete the encumbrance Year-End Process

Prerequisites

  • General knowledge of Microsoft Windows
  • Have a basic understanding of finance and accounting processes
  • Completed the Introduction to Microsoft Dynamics 365 for Finance and Operations, Enterprise Edition courses
  • The ability to use Microsoft Dynamics 365 for Finance and Operations for basic processing
  • General knowledge of basic navigation within Microsoft Dynamics 365 for Finance and Operations
  • Have a general understanding of Purchase Order Invoicing
  • Have a general understanding of the vendor master within Microsoft Dynamics 365 for Finance and Operations, Enterprise Edition courses