Managed Business & IT Training Solutions

MBIT Training Ltd

Finance Essentials in Microsoft Dynamics NAV 2016 (80723)

This Digital Learning course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.
SKU: 80723
GTIN: 80723
Manufacturer: Microsoft
£500.00 (GBP)

This Digital Learning course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.

Learning Objectives

  • Setup General Ledger;
  • Define Accounting Periods;
  • Setup Chart of Accounts;
  • Create and post journal entries;
  • Review recurring journals;
  • Create a bank account;
  • Apply payments;
  • Describe debit collections;
  • Define check management;
  • Reconcile payments;
  • Process payments to include discounts;
  • Set up and assign reminder terms and finance charge terms;
  • Define VAT calculation types and calculate VAT;
  • Transfer statement account balances;
  • Setup prepayments;
  • Close fiscal year

Prerequisites ​

Before viewing this training, individuals must have;

  • General knowledge of Microsoft Windows;
  • General accounting knowledge