Configure Accounts Payable

Dynamics 365 for Finance and Operations offers extensive functionality for setting up different vendor payment options.

Lessons

• Understand Task recorder functionality
• Configure accounts payable parameters
• Create and maintain vendors
• Configure accounts payable charges
• Configure and use positive pay
• Practice Lab
• Module Summary

In this module, students learned how to:

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

Perform Accounts Payable Daily Procedures

Purchasing goods for resale, 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. This module explains how to manage and apply prepayments, record invoices, and process payments.

Lessons

• Introduction
• Process orders, invoices, and payments
• Manage and apply prepayments
• Practice Labs
• Module summary

In this module, students learned that they can enter vendor invoices manually or receive them electronically through a data entity. After the invoices are entered or received, one can review and approve the invoices by using an Invoice approval journal or the Vendor invoice page. Additionally, they learned how to use invoice matching, vendor invoice policies, and workflow to automate the review process so that invoices that meet certain criteria are automatically approved and the remaining invoices are flagged for review by an authorized user. Students also learned how to handle prepayments to vendors.

Use Accounting Distribution and Invoice Validations

This module explains how to settle transactions and undo settlement and distribute funds by using accounting distributions. Students will also learn how to perform invoice matching. 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.

Lessons

• Introduction
• Settle transaction and undo settlements
• Distribute funds
• Configure invoice validation policies
• Practice labs
• Module summary

In this module, students learned how to:

• Settle transactions and undo settlements
• Distribute funds by using accounting distributions

Configure invoice validation policies

Configure Accounts Receivable

One needs to configure the Accounts receivable module to be able to create customer invoices, posting packing slips, use free text invoices that are not related to sales orders, and finally, receive payments by using several different payment types, such as cash, checks, credit cards, and electronic payments from customers. This module provides information about the configuration of essential components of the Accounts receivable module and the customer setup for efficient management of customers and customer transactions in Finance and Operations.

Lessons

• Configure accounts receivable
• Create and maintain customers
• Setup customer posting profiles
• Configure accounts receivable charges
• Practice Lab
• Module summary

In this module, students learned how to:

• Configure Accounts receivable components
• Create and maintain a customer
• Configure customer payments
• Set up customer posting profiles
• Configure accounts receivable charges