80219: Financials I in Microsoft Dynamics AX 2012

80219: Financials I in Microsoft Dynamics AX 2012 Course Description

Duration: 3.00 days (24 hours)

This course explores some of the basic financial functionality available in Microsoft Dynamics AX. Students will be introduced to set up processes in General Ledger, Accounts Payable, Accounts Receivable, and the Bank module, as well as how to enter transactions in each.

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Intended Audience for this 80219: Financials I in Microsoft Dynamics AX 2012 Course

  • » This course is intended for partners, customers and other end users of the financial modules in Microsoft Dynamics AX.

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This Course is also part of:

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80219: Financials I in Microsoft Dynamics AX 2012 Course Objectives

  • » Set up General Ledger.
  • » Set up a Chart of Accounts.
  • » Set up Journals.
  • » Enter General Ledger Transactions.
  • » Set up Sales Tax Components.
  • » Set up Reason Codes and use the Fill Utility.
  • » Set up Bank Accounts and Bank Parameters.
  • » Enter Bank Transactions.
  • » Set up Accounts Payable.
  • » Enter Accounts Payable Transactions.
  • » Set up Accounts Receivable.
  • » Enter Accounts Receivable Transaction.

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80219: Financials I in Microsoft Dynamics AX 2012 Course Outline

      1. General Ledger Setup
        1. Currency and Exchange Rate Setup
        2. Periods and Fiscal Year Setup
        3. Date Intervals
        4. Reason Codes
        5. Financial Dimensions
        6. Financial Dimension Sets
        7. Period Allocations
      2. Chart of Accounts Setup
        1. Main Account Categories
        2. Chart of Accounts
        3. Main Account Information
        4. Main Account Administration Information
        5. Main Account Setup Information
        6. Configuring Account Structures
        7. Advanced Rules
        8. Ledger Setup
        9. Accounts for Automatic Transactions
        10. Inquiries and Reports Related to the Chart of Accounts
      3. Journal Setup
        1. Journal Setup
        2. Journal Controls
        3. Journal Descriptions
        4. Balance Control Accounts
        5. General Ledger Parameters
      4. General Ledger Daily Procedures
        1. General Ledger Journals
        2. Enter General Ledger Transactions
        3. Posting Multiple Journals
        4. Approval Journals
        5. Gathering Data for an Approval Journal
        6. Voucher Templates
        7. Periodic Journals
        8. General Ledger Transaction Reversal
        9. Reversing Entries - General Journal
        10. Inquire and View Reports on Daily Journal Transactions
      5. Sales Tax Setup
        1. Sales Tax Overview
        2. Ledger Posting Groups
        3. Sales Tax Authorities
        4. Sales Tax Settlement Periods
        5. Sales Tax Codes
        6. Sales Tax Code Intervals
        7. Sales Tax Groups
        8. Item Sales Tax Groups
        9. Sales Tax Jurisdictions
        10. Sales Tax Transactions
        11. Sales Tax Exemption
        12. Withholding Sales Tax
      6. Financial Features
        1. Financial Reason Codes
        2. Fill Utility
      7. Cash and Bank Management Setup
        1. Bank Transaction Types
        2. Bank Transaction Groups
        3. Cash and Bank Management Parameters
        4. Payment Purpose Codes
        5. Bank Groups
        6. Bank Accounts
        7. Check Layout
      8. Cash and Bank Management Daily Procedures
        1. Create Checks
        2. Delete a Check
        3. Deposit Slips
        4. Void Unposted Checks
        5. Refund Checks
        6. Bank Remittance
        7. Payment Reversal
        8. Reconcile a Bank Account
      9. Accounts Payable Setup
        1. Payment Schedule
        2. Terms of Payment
        3. Payment Days
        4. Cash Discounts
        5. Payment Fee
        6. Methods of Payment
        7. Vendor Groups
        8. Accounts Payable Posting Profiles
        9. Accounts Payable Vendors
      10. Accounts Payable Daily Procedures
        1. Invoice Journals in Accounts Payable
        2. Invoice Register
        3. Invoice Approval Journal
        4. Vendor Invoice Pool Excluding Posting Details
        5. Invoice Journal
        6. Voucher Template
        7. Payment Journals
        8. Prepayments
        9. Invoice Matching
        10. Charges to Purchase Order Invoices
        11. Edit Open Transactions
        12. Reverse a Closed Transaction
        13. Print Management
      11. Accounts Receivable Setup
        1. Payment Schedule
        2. Terms of Payment
        3. Payment Days
        4. Cash Discounts
        5. Payment Fee
        6. Methods of Payment
        7. Customer Groups
        8. Accounts Receivable Posting Profiles
        9. Accounts Receivable Customers
      12. Accounts Receivable Daily Procedures
        1. Free Text Invoice - Description and Usage
        2. Payment Journals
        3. Edit Open Transactions
        4. Placing an Accounts Receivable Transaction on Hold
        5. Reverse Settlements
        6. Reimburse a Customer
        7. Reason Codes
        8. Print Management

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Do you have the right background for 80219: Financials I in Microsoft Dynamics AX 2012?

Skills Assessment

We ensure your success by asking all students to take a FREE Skill Assessment test. These short, instructor-written tests are an objective measure of your current skills that help us determine whether or not you will be able to meet your goals by attending this course at your current skill level. If we determine that you need additional preparation or training in order to gain the most value from this course, we will recommend cost-effective solutions that you can use to get ready for the course.

Our required skill-assessments ensure that:

  1. All students in the class are at a comparable skill level, so the class can run smoothly without beginners slowing down the class for everyone else.
  2. NetCom students enjoy one of the industry's highest success rates, and pass rates when a certification exam is involved.
  3. We stay committed to providing you real value. Again, your success is paramount; we will register you only if you have the skills to succeed.
This assessment is for your benefit and best taken without any preparation or reference materials, so your skills can be objectively measured.

Take your FREE Skill Assessment test »

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Award winning, world-class Instructors

Charles W.
- Expert in Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access as well as Adobe Graphic and Web Designer (InDesign, Acrobat, Photoshop, Illustrator, Dreamweaver and Flash Catalyst)
- Holds an A.A.S in Graphic Design as well as various Awards and Affiliations, including MCT, MCP, MCAS, and Office 2007 Master.
- Senior Lead Trainer for over 10 years.


Charles is a Technical Trainer & Instructional Designer for over 10 years. He is a Microsoft Certified Trainer and dedicates himself to Microsoft Office applications such as Excel, Word, PowerPoint, Outlook, Project, Visio, and Access. He is also an Adobe specialist and holds a degree in Graphic Design.

Charles is well known for his high evaluation scores, achieving 8.75 out of 9 on a regular basis, teaching in one-on-one, instructor-led, and web-based environments; one of the reasons for his high evaluation is his expertise in increasing personnel performance by developing and implementing programs constructed from the job task analysis process. Charles currently teaches Adobe Graphic and Web Designer, and Microsoft Office Specialist courses at NetCom Learning.
David H.
David is a hands-on, dynamic and experienced financial systems consultant with successful work history of implementing large scale ERP systems, managing and directly responsible for data migration, financial report validation and customization, end-user training, process documentation and automation. David has been a trainer for more 21 years.
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.


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 & Touch 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.
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.


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.
Ronald C.
- Founder and Managing Partner of Guided Technology Inc. which provides Microsoft consulting expertise and educational services for corporate and government.
- At Guided Technology, Ron was responsible for creating a strategic roadmap for First Data Corporation.
- At New York City Department of Finance, as Senior Manager & Design Architect, Ron designed and implemented IBM Servers collecting $15 billion in tax revenue.

Ron has always enjoyed teaching and instructing others, whether in the installation process of software and hardware upgrades, or as working as the Head of Training for Valinor, a Microsoft Consulting Partner, where Ron managed the company's training centers and worked as a Senior Instructor (MCT).

In addition to working in the management level of the business and software consulting market for over 18 years, Ron also worked as a Surface Warfare Officer and Weapons Officer in the United States Navy, serving two tours of duty. He served aboard the USS Tuscaloosa from 1984 -1987, and participated in two Western Pacific Deployments.

Ron loves basketball and played on Trinity College's varsity basketball team for all four years of college.

Satish R.

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Recent Client Testimonials & Reviews

Nice place to learn I recommend!

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Course(s) Taken

» Microsoft Dynamics AX7 : Finance, Trade & Logistics 2016 Combo

Excellent job fielding questions, followed up with answers the following day for questions not immediately able to answer.
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Course(s) Taken

» Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated Combo

I really enjoyed this instructor. He had a great sense of humor, could read when the students needed a break, and had good examples. Very personable.
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» Microsoft Dynamics AX 2012 - Financials and Trade and Logistics - Accelerated Combo

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