Work with accounts payable in Dynamics 365 Finance

Offered By: Microsoft via Microsoft Learn

Tags

Microsoft Dynamics Courses Vendor Management Courses Accounts Payable Courses

Course Description

Overview

Module 1: You can enter vendor invoices manually or receive them electronically. In this module you will learn how to configure the Accounts payable module in Dynamics 365 Finance to empower accounts payable staff to perform their daily activities.

In this module, you will learn how to:

Configure accounts payable components.
Create and maintain a vendor.
Configure vendor payments.
Set up vendor posting profiles.
Configure accounts payable charges.

Module 2: Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. Organizations must monitor accounts payable closely and implement procedures so management can easily obtain the financial information that they need to have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all expenses that affect net profit are included in accounts payable.

In this module, you will learn how to:

Record invoices and process payments.
Manage and apply prepayments.

Module 3: Accounting distributions are used to define how an amount will be accounted for, such as how the expense, tax, or charges will be accounted for on a vendor invoice. Every amount that must be accounted for when the vendor invoice is journalized will have one or more accounting distributions.

In this module you will learn how to:

Settle transactions and undo settlements.
Distribute funds by using accounting distributions.
Configure invoice validation policies.

Syllabus

Module 1: Configure Accounts payable in Dynamics 365 Finance

Introduction
Configure the payment schedule
Configure terms of payment and payment days
Configure cash discounts
Set up payment fees
Create vendor groups
Set up accounts payable posting profiles
Create vendors
Set up methods of payment for vendors
Configure accounts payable charges
Configure and use positive pay
Lab - Configure accounts payable components
Check your knowledge
Summary

Module 2: Perform Accounts payable daily procedures in Dynamics 365 Finance

Introduction
Understand invoice types in Accounts payable
Understand incoming invoice payments
Record vendor invoices
Modify due dates and discount dates
Work with cash discounts from vendors
Create vendor payments
Reverse a vendor payment
Manage prepayments and prepayment invoices
Exercise - Record an invoice
Exercise - Record a vendor invoice that is not associated with a purchase order
Exercise - Process a vendor payment by using a payment journal
Check your knowledge
Summary

Module 3: Work with accounting distributions, invoice validations and settlements in Dynamics 365 Finance

Introduction
Settle transactions and undo settlements
Distribute funds by using accounting distributions
Configure invoice validation policies
Three-way matching policies
Accounts payable invoice matching
Invoice totals matching
Two-way, price totals matching
Two-way, net unit price matching
Three-way matching
Vendor invoice workflow
Charges matching
Lab - Work with accounting distributions, invoice validations, and settlements
Check your knowledge
Summary

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