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Configure and use cash and bank management, and sales tax in Dynamics 365 Finance

Offered By: Microsoft via Microsoft Learn

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Microsoft Dynamics Courses Cash Flow Forecasting Courses Sales Tax Courses Cash Management Courses

Course Description

Overview

  • Module 1: With Cash and bank management in Dynamics 365 Finance, you can record and reconcile financial transactions against the bank statement and identify bank transaction types such as deposits and non-sufficient funds (NSF).

    • In this module, you will learn how to:

    • Create and configure banks.
    • Create and configure bank layouts.
    • Configure cash and bank management parameters.
    • Set up vendor and customer banks.
    • Configure cash flow forecasts and reports.
  • Module 2: You can use the Cash and bank management module in Dynamics 365 Finance to maintain an organization's bank accounts and the financial instruments that are associated with those bank accounts. These instruments include deposit slips, checks, bills of exchange, and promissory notes. You can also reconcile bank statements and print bank data on standard reports.

    • In this module, you will learn how to:

    • Work with cash and bank management processes.
    • Use cash and bank management workspaces.
    • Make deposits.
    • Cancel payments.
  • Module 3: Letters of credit are bank documents that are commonly used for the purchase and sale of goods across international borders. A letter of guarantee is an agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary) if a bank customer (the principal) defaults on a payment or an obligation to the beneficiary.

    • In this module, you will learn how to:

    • Configure and process letters of credit.
    • Configure and process letters of guarantee.
  • Module 4: Postdated checks are checks that are issued to make and receive payments on a future date. Therefore, the check can't be cashed until the specified date. Dynamics 365 Finance supports the full management cycle for postdated checks in both accounts receivable and accounts payable.

    • In this module, you will learn how to:

    • Process postdated checks.
    • Set up postdated checks.
    • Register and post a postdated check for a customer.
    • Settle a postdated check for a customer.
    • Register and post a postdated check for a vendor.
    • Settle a postdated check for a vendor.
  • Module 5: All businesses must collect and pay taxes to various tax authorities. Different countries or regions have different rules and rates. In some countries or regions, the rules differ between states, counties, or cities. Therefore, the Tax module of Dynamics 365 Finance is comprehensive.

    • In this module, you will:

    • Learn about regional tax reporting capabilities.
    • Configure tax components.

Syllabus

  • Module 1: Configure cash and bank management in Dynamics 365 Finance
    • Introduction
    • Understand bank transaction types and groups
    • Set up cash and bank management parameters
    • Set up the Single Euro Payments Area (SEPA) direct debit mandate
    • Set up International Bank Account Number (IBAN) structures
    • Configure banks and bank check layout
    • Deposit and refund checks
    • Understand cash flow forecast and reports
    • Configure cash flow forecasting
    • Lab - Work with cash and bank management
    • Check your knowledge
    • Summary
  • Module 2: Work with cash and bank management in Dynamics 365 Finance
    • Introduction
    • Use cash and bank processes
    • Use cash and bank management workspaces
    • Exercise - Make a deposit and perform a payment reversal
    • Exercise - Use the Bank management workspace
    • Check your knowledge
    • Summary
  • Module 3: Configure letters of credit and guarantees in Dynamics 365 Finance
    • Introduction
    • What is a letter of credit?
    • What is a letter of guarantee?
    • Configure a letter of credit
    • Process a letter of credit
    • Configure a letter of guarantee
    • Process a letter of guarantee
    • Check your knowledge
    • Summary
  • Module 4: Configure and process postdated checks in Dynamics 365 Finance
    • Introduction
    • Set up postdated checks
    • Process a postdated check
    • Exercise - Set up a postdated check
    • Exercise - Register the details of a postdated check for a customer and vendor
    • Check your knowledge
    • Summary
  • Module 5: Configure taxes in Dynamics 365 Finance
    • Introduction
    • Configure ledger posting groups
    • Exercise - Set up ledger posting groups for sales tax
    • Configure sales tax authorities
    • Exercise - Set up sales tax authorities
    • Configure sales tax settlement periods
    • Exercise - Set up sales tax settlement periods
    • Create sales tax codes
    • Configure sales tax groups and item sales tax groups
    • Exercise - Set up sales tax codes and sales tax groups
    • Withholding tax
    • Sales tax exemption
    • Sales tax on transactions
    • Set up sales tax reporting codes
    • Exercise - Set up sales tax reporting codes and withholding tax
    • Conditional sales tax
    • Exercise- View posted sales tax transactions
    • Check your knowledge
    • Summary

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