8914: Finance in Microsoft Dynamics NAV 5.0

8914: Finance in Microsoft Dynamics NAV 5.0 Course Description

Intended Audience for the 8914: Finance in Microsoft Dynamics NAV 5.0 Course

• This course is intended for individuals on the implementation team, administrating or using the financial management functions in Microsoft Dynamics NAV 5.0. This audience typically includes individuals who are tasked with assessing a customer's business needs and advising them on the use, configuration, and customization of the application.
• It is also designed for customers wishing to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Finance in Microsoft Dynamics NAV 5.0 activities.

8914: Finance in Microsoft Dynamics NAV 5.0 Course Objectives

• Maintain and work with the General Ledger
• Process a bank reconciliation
• Use Journals and Batches
• Understand Receivables Management
• Understand Payables Management
• Setup and work with Multicurrency
• Perform standard end of year financial closing operations

8914: Finance in Microsoft Dynamics NAV 5.0 Course Outline

1. Financial Management Setup
   1. General Ledger Setup
   2. Accounting Periods
   3. Trail Codes, including Source Codes and Reason Codes
2. General Ledger
   1. Chart of Accounts
   2. Chart of Accounts Card
   3. General Ledger Budgets
   4. Demonstration: Create a Budget
   5. Demonstration: Copying Budget Entries
   6. Demonstration: Export and Import a Budget
3. General Journals
   1. Journal Overview
   2. Journal Templates
   3. Journal Batches
   4. Journal Lines
   5. Creating and Posting Journal Entries
   6. Demonstration: Post a Cash Payment for Cleaning Expenses
   7. Recurring Journals
   8. Demonstration: Process a Recurring Journal with Allocations
   9. Demonstration: Recording Accruals
   10. Reversals and Corrections
4. Cash Management
   1. Bank Account Card Overview
   2. Create a Bank Account
   3. Entering and Posting Receivables Payments
   4. Demonstration: Enter a Cash Receipt Payment
   5. Entering and Posting Payables Checks
   6. Demonstration - Post Manual Checks
   7. Demonstration - Suggest Vendor Payments for Local Vendors
   8. Financially Voiding Checks
   9. Demonstration - Scenario for Financially Voiding a Check
   10. Bank Reconciliation
   11. Demonstration - Complete a Bank Reconciliation
5. Receivables Management
   1. Customer Card and Receivables
   2. Cash Receipt Journals Overview
   3. Applying Cash Receipt Payments
   4. Demonstration - Applying Entries After Posting
   5. Deposits
   6. Demonstration - Create a Deposit Slip
   7. Unapply Customer Ledger Entries
   8. Reversal of Posted Journals
   9. Set up Payment Discounts
   10. Process Payment Discounts
   11. Demonstration - Posting Partial Payments with Discounts
   12. Demonstration - Add Discounts After Posting Sales Transactions
   13. Demonstration - Apply Posted Payments to Sales Documents with Discounts
   14. Set up Payment Tolerance
   15. Demonstration - Set up Payment Tolerance
   16. Process Payment Tolerance
   17. Demonstration - Discount Taken Past the Discount Date
   18. Demonstration - Discount Calculated Incorrectly
   19. Demonstration - Erroneous Totaling of Two Invoices
   20. Reminders and Finance Charge Memos
   21. Set up and Assign Reminder Terms
   22. Demonstration - Create a Reminder Term
   23. Create and Issue Reminders
   24. Demonstration - Create Reminders Automatically
   25. Set up and Assign Finance Charge Items
   26. Create and Issue Finance Charge Memos
   27. Demonstration - Create Reminders Automatically
   28. Create Finance Charge Memos Automatically
   29. Analyzing Receivables
6. Payables Management
   1. Vendor Card and Payables
   2. Payment Journal Overview
   3. Apply Vendor Entries Window Overview
   4. Post Manual Payables Checks
   5. Suggest Vendor Payments Overview
   6. Create Payments Using Suggest Vendor Payments
   7. Demonstration - Suggest Vendor Payments for All Vendors
   8. Demonstration - Suggest Payments fro a Single Vendor
   9. Demonstration - Summarize Vendor Payments
   10. Demonstration - Use Vendor Priority and Available Amounts
   11. Print and Post Payables Checks
   12. Demonstration - Print Computer Checks
   13. Demonstration - Enter a Computer Check Manually and Print
   14. Void Unposted Checks
   15. Full Reverse Check Voiding
   16. Electronic Payments
   17. Apply Payments After Posting
   18. Demonstration - Apply a Payment After Posting
   19. Unapply Vendor Ledger Entries
   20. Reversal of Journal Postings
   21. Set up Payment Discounts
   22. Process Payment Discounts
   23. Demonstration - Suggest Discounted Payment Lines
   24. Demonstration - Suggest Payment Lines Without a Discount
   25. Demonstration - Adjust Payment Discounts
   26. Set up Payment Tolerance
   27. Demonstration - Set up Payment Tolerance
   28. Process Payment Tolerance
   29. Demonstration - Discount Taken Past the Discount Date
   30. Demonstration - Adjust the Payment Amount to Reflect Discount
   31. Analyze Payables
7. Prepayments
   1. Prepayments Set-up Overview
   2. Set up Prepayment General Ledger Accounts
   3. Set up Number Series for Prepayment Documents
   4. Set up Prepayment Percentages for Customers and Vendors
   5. Prepayments and Sales Tax
   6. Set up Check Prepayment When Posting
   7. Prepayments Processing Flows
   8. Prepayment Sales and Purchase Orders Overview
   9. Process Prepayment Sales and Purchase Orders
   10. Process Prepayment Sales and Purchase Invoices
   11. Correct Prepayments
   12. Recording Payments for Prepayment Sales and Purchase Invoices
   13. Shipping and Invoicing a Sales Order With a Prepayment
   14. Demonstration - Invoice a Sales Order With Prepayment and Process a Prepayment for the Sales Order
   15. Receive and Invoice a Purchase Order With a Prepayment
   16. Prepayments and Payment Discounts
8. Sales Tax
   1. Sales Tax Setup
   2. Sales Tax Groups
   3. Sales Tax Jurisdictions
   4. Sales Tax Areas
   5. Sales Tax Details
   6. Calculating Sales Tax
   7. Handling Tax Exempt Sales and Non-Taxable Items
   8. Unrealized Tax
   9. Demonstration - Unrealized Tax
   10. Purchase and Use Tax
   11. Demonstration - Purchase Tax
   12. Additional Tax Topics - Tax Differences, Tax Minimums, Tax on Tax
9. Multicurrency
   1. Currency Card and Currency Exchange Rates
   2. Demonstration - Setting Payment Tolerance
   3. Set Up Multicurrency for Customers, Vendors, and Bank Accounts
   4. Process Sales and Purchase Documents
   5. Demonstration - Process a Purchase Invoice
   6. Process Cash Receipts
   7. Demonstration - Process a Cash Receipt Journal
   8. Process Payments
   9. Demonstration - Print and Post Checks
   10. Convert Journal Entries to Local Currency
   11. Demonstration - Use the Insert Conversion LCY Rounding Lines Function
   12. Use the Adjust Exchange Rates Batch Job
   13. Demonstration - Adjust Currency Exchange Rate
   14. Additional Reporting Currency
   15. Consolidations with Multiple Currencies
10. Year End Closing Processes
    1. Closing a Fiscal Year
    2. Demonstration - Prior-Year Entry Confirmation
    3. Transferring Income Statement Account Balances
    4. Demonstration - Run the Close Income Statement Batch Job
    5. Demonstration - Review Entries and Post the General Journal

Benefits of taking the 8914: Finance in Microsoft Dynamics NAV 5.0 course at NetCom

• Why choose Microsoft Dynamics Training at NetCom Learning?
  As a recognition for training excellence, NetCom Learning was chosen by Microsoft as the 2007 Worldwide Learning Solutions Partner of the year out of 1400 training companies.

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  Why Microsoft Dynamics Training at NetCom? NetCom Information Technology is a Microsoft Gold Certified Partner for Learning Solutions (CPLS). CPLS is the premier training channel and delivery mechanism for Microsoft Dynamics training content. On July 11, NetCom was honored by Microsoft as its Learning Solutions Partner of the Year. Selected as the Number One CPLS, from over 1400 worldwide CPLS's, Microsoft recognized our commitment and ability to deliver high-quality learning services using a consultative engagement model. We could not have achieved this coveted status without the help and support of our customers and well wishers - thank you!! Microsoft Certified Partner for Learning Solutions Value Proposition: Microsoft Certified Partner for Learning Solutions Non-authorized Training Center Only MCT (Microsoft Certified Trainers) are authorized to teach the class Non MCT can teach the course Taught using Microsoft Authorized Courseware (MOC), includes free evaluation software and online training Do not have access to official courseware Partners adhere to stringent Microsoft designated lab requirements Computer and lab equipment may not be up to requirements of course Successful candidates are awarded Certificate of Completion directly from Microsoft for most of the courses Not authorized to issue Certificate of Completion Overall, a better quality training experience Substandard training experience

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• Award winning, world-class Instructors

  Ginger M. - Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. - Over 9 years of experience as a Master Certified Trainer. Expert in MS Dynamics GP Financials, Installation, HR/Payroll, Project Accounting, Inventory and Integration Manager. - Project Manager to various MS Dynamics Great Plains implementations. Bio: Ginger holds a Bachelor's Degree in Accounting and a Masters of Business Administration from Rutgers University. Her career started as an Auditor for Deloitte & Touché and over the years she developed her passion for Microsoft Dynamics, implementing Dynamics GP and Project Cost in the Professional Services, Commercial Real Estate and Medical Facilities vertical markets. Ginger's experience with Microsoft Dynamics is unparalleled. As a Certified Master Dynamics trainer, she stays abreast of the latest Dynamics modules and shares experience with a very hands-on training technique at NetCom Learning.

  Ignacio J. - Designs and architects Microsoft IT solutions since the early 1990s. - Hands-on experience in multiple Microsoft Dynamics products including CRM, GP, SL, AX and NAV since 2004. - Taught over 250 courses at NetCom Learning. Bio: Ignacio is a Senior Solutions Architect, Civil Engineer and Certified Expert Trainer. He has been designing and architecting Microsoft IT solutions since the early 1990s, and has extensive experience developing scalable and high performance integration solutions. In 2004, Ignacio expanded into business management and accounting software as well, where he gained hands-on experience in many Microsoft Dynamics products including CRM, GP, SL, AX and NAV. Ignacio holds a library of industry-wide certifications from Microsoft and other leading IT vendors. He has taught over 250 courses at NetCom Learning and is revered by students for his wide-ranging IT expertise.

  Lynn D. - Over 25 years of experience working as Senior Financial Analyst and Senior Auditor. - Professor of Graduate Management and Business School at the University of Phoenix since 2007. - Microsoft Certifications in Financials, Trade & Logistics, Production and Human Resources Management as well as Microsoft Certified Trainer (MCT) since 2009. Bio: Lynn is a very accomplished Senior Financial Analyst and Senior Auditor with over 25 years of experience. She has been a Microsoft Certified Trainer since 2009 and a Professor of Graduate Management and Business School at University of Phoenix since 2007. In addition to several other Microsoft certifications, she is also a specialist in Microsoft Dynamics AX. Lynn has taught several Microsoft Dynamics AX courses at NetCom Learning and is described by her students as very knowledgeable, qualified, and patient with her approach. Her classes are very dynamic and energetic, just as the course per se.

  Ramesh P. Ramesh holds a Masters Degree in Computer Science with specialization in Information Security and is pursuing his Doctoral degree in IT from the University of South Australia (UniSA). He is a one of a kind trainer - he has been working in the IT field since 1995 and is an expert in C#, VB.NET, ASP.NET, Java/J2EE, PL/SQL, VB, ASP, and XML technologies. Ramesh also has extensive experience developing and implementing BizTalk and SharePoint in large corporations, as well as more than 10 years experience working with Oracle and SQL server/Sybase databases. With more than 19 certifications, Ramesh is an IT guru and trainer with worldwide experience, which includes presentations and trainings across US, Asia, and Middle East. He is a full time instructor at NetCom Learning and we couldn't be happier in having him as one of our Subject Matter Experts.

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• Actual Client Testimonials

  May 21 2012 The lecturer is quite personable and is quite helpful with making sure we understand the material we have covered. He is also quite knowledge in the subject area. This training has cleaned up a lot of areas that I have been having issues with in my work environment and I will surely be able to put a lot of it in to practice. -Candice C. Course(s) Taken Microsoft Dynamics GP 2010 - Financials and SQL Reporting - Accelerated (MCTS)

  
  

  May 21 2012 Good course. Good service. Good instructor. -Raman T. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 The instructor did an incredible job of presenting. -Kelly D. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 The class provided the background I will need to build upon upcoming responsibilities. Satisfactory on all counts. -John B. Course(s) Taken Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated

  
  

  May 21 2012 Stan is an excellent instructor. He made the course very informative and kept it interesting. Sebastian S. Course(s) Taken Microsoft Dynamics GP 2010 - Installation and Configuration - Accelerated (MCTS)

  
  

  May 21 2012 Classes were awesome! Our teacher, Mr. Smith, was entertaining and kept us motivated. -Lily L. Course(s) Taken Microsoft Dynamics GP 2010 - Financials and SQL Reporting - Accelerated (MCTS)

  
  

  May 07 2012 It was a good experience. It will help me in my new position loading the CRM practices. -Adolfo R. Course(s) Taken Microsoft Dynamics CRM 2011 - Accelerated

  
  

  Mar 12 2012 Ramesh our instructor was amazing. He has been the second amazing instructor through you guys!!! Nice, Knowledgeable and fun. -Kyle P. Course(s) Taken Microsoft Dynamics CRM 2011 - Accelerated

  
  
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