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Work with accounts receivable in Dynamics 365 Finance

Offered By: Microsoft via Microsoft Learn

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Microsoft Dynamics Courses Credit Management Courses Financial Management Courses Accounts Receivables Courses

Course Description

Overview

  • Module 1: Learn to configure the Accounts receivable module in Dynamics 365 Finance to create customer invoices, post packing slips, and use free text invoices that are not related to sales orders. This module also explains how to receive customer payments by using several different payment types, such as cash, checks, credit cards, and electronic payments.

    • In this module, you will learn how to:

    • Configure Accounts receivable components.
    • Create and maintain a customer.
    • Configure customer payments.
    • Set up customer posting profiles.
    • Configure accounts receivable charges.
  • Module 2: You can create customer invoices that are based on sales orders or packing slips. You can also enter free text invoices that are not related to sales orders. Additionally, you can receive payments by using several different payment types, which include bills of exchange, cash, checks, credit cards, and electronic payments. If your organization includes multiple legal entities, you can use centralized payments to record payments in a single legal entity on behalf of the other legal entities.

    • In this module, you will learn how to:

    • Create free text invoices and record customer payments.
    • Distribute funds by using accounting distributions.
    • Configure recurring invoices.
    • Use reversals in Accounts receivable.
    • Understand revenue recognition.
  • Module 3: Although most customers pay their invoices on time, you must be able to process invoices that are not paid by their due date. Accounts receivable collections information is managed in one central view by using the Collections page in Dynamics 365 Finance. Credit and collections managers can use this central view to manage collections.

    • In this module, you will learn how to:

    • Configure credit and collections components.
    • Configure aging reports, customer pools, collection agents, and aging period definitions.
    • Set up and manage interests.
    • Set up and manage collection letters.
  • Module 4: Although most customers pay their invoices on time, you need to be able to process invoices that are not paid by their due date. This module shows you how Dynamics 365 Finance helps companies to process collections for delinquent customers

    • In this module, you will learn:

    • How to use customer account statements.
    • How to process collections.
    • How to use the credit management feature.

Syllabus

  • Module 1: Configure accounts receivable in Dynamics 365 Finance
    • Introduction
    • Payment schedule
    • Terms of payment and payment days
    • Cash discounts
    • Payment fees
    • Set up the credit card payment service
    • Methods of payment and payment control
    • Create and maintain customers
    • Set up customer posting profiles
    • Configure accounts receivable charges
    • Lab - Configure customer posting profiles and create a new customer
    • Check your knowledge
    • Summary
  • Module 2: Perform accounts receivable daily procedures in Dynamics 365 Finance
    • Introduction
    • Create free text invoices
    • Recurring free text invoices
    • Create and handle payments of customer invoices for sales orders
    • Settle transactions and undo settlements
    • Revenue recognition overview
    • Define revenue schedules
    • Define revenue prices
    • Set up bundle items
    • Exercise - Create and process a free text invoice
    • Exercise - Work with invoices from sales orders
    • Exercise - Process an invoice and settle it against a payment
    • Check your knowledge
    • Summary
  • Module 3: Configure credit and collections in Dynamics 365 Finance
    • Introduction
    • Configure accounts receivables for credit and collections
    • Configure credit and collections components
    • Set up interest rates for an interest code
    • Waive, reinstate, or reverse interest fees
    • Set up and manage collection letters
    • Exercise - Set up credit and collections in Finance
    • Exercise - Create a write-off journal for a customer
    • Check your knowledge
    • Summary
  • Module 4: Process credit and collections in Dynamics 365 Finance
    • Introduction
    • Customer account statement
    • Working with collections
    • Manage customer credit and collections
    • Credit management
    • Lab - Work with credit and collections
    • Check your knowledge
    • Summary

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