Table of Contents Introduction Microsoft Dynamics Courseware Overview...0-3 Student Objectives.0-4 Module 1: FINANCIAL MANAGEMENT SETUP Lesson 1: General Ledger Setup... 1-2 Lesson 2: Accounting Periods... 1-10 Lab 1.1: Accounting Periods... 1-14 Module 2: CHART OF ACCOUNTS Lesson 1: Chart of Accounts Overview... 2-2 Lesson 2: G/L Account Card... 2-2 Lesson 3: G/L Account Card Ribbon... 2-8 Lab 2.1: Create a Revenue Account... 2-11 Lesson 4: Chart of Accounts... 2-13 Lab 2.2: Assign a Dimension to Multiple Accounts... 2-16 Module 3: GENERAL JOURNALS Lesson 1: Creating and Posting Journal Entries... 3-2 Lab 3.1: Create a Journal Entry... 3-9 Lesson 2: Standard Journals... 3-11 Lesson 3: Recurring Journals... 3-15 1
Finance Essentials in Microsoft Dynamics NAV 2013 Lesson 4: Processing Recurring Journals... 3-22 Lab 3.2: Create and Post a Recurring Journal... 3-31 Lesson 5: Reversals and Corrections... 3-32 Module 4: CASH MANAGEMENT RECEIVABLES AND PAYABLES Lesson 1: Bank Account Overview... 4-3 Lab 4.1: Create a Bank Account... 4-9 Lesson 2: Customer Overview... 4-10 Lesson 3: Vendor Overview... 4-15 Lesson 4: Cash Receipt Journal and Payment Journal Overview... 4-17 Lab 4.2: Apply and Post Cash Receipts... 4-25 Lab 4.3: Enter and Post Manual Checks... 4-28 Lesson 5: Suggest Vendor Payments... 4-29 Lab 4.4: Suggest Vendor Payments for a Single Vendor... 4-37 Lesson 6: Print and Post Payables Checks... 4-39 Lesson 7: Voiding Checks... 4-48 Lab 4.5: Financially Void a Check... 4-52 Lab 4.6: Void a Check... 4-54 Lesson 8: Applying Payments... 4-56 Lesson 9: Unapply Customer and Vendor Ledger Entries... 4-61 Lab 4.7: Unapply Posted Ledger Entries... 4-63 Lesson 10: Reversal of Posted Journals... 4-65 2
Module 5: CASH MANAGEMENT Table of Contents Lesson 1: Bank Reconciliation... 5-2 Lesson 2: Demonstration: Complete a Bank Reconciliation... 5-7 Module 6: RECEIVABLES AND PAYABLES MANAGEMENT: PAYMENT DISCOUNT AND PAYMENT TOLERANCE Lesson 1: Set Up Payment Discounts... 6-2 Lesson 2: Process Sales Payment Discounts... 6-13 Lab 6.1: Post a Customer Payment with a Discount... 6-22 Lab 6.2: Apply Posted Partial Customer Payments with Discounts... 6-24 Lesson 3: Process Purchase Payment Discounts... 6-25 Lesson 4: Set Up a Payment Discount Tolerance and a Payment Tolerance... 6-31 Lesson 5: Set Up a Payment Discount Tolerance... 6-35 Lesson 6: Process the Payment Discount Tolerance... 6-37 Lesson 7: Set Up a Payment Tolerance... 6-40 Lab 6.3: Set Up a Payment Tolerance... 6-43 Lesson 8: Process a Payment Tolerance... 6-44 Lab 6.4: Process a Customer Payment Tolerance... 6-50 Lab 6.5: Adjust the Vendor Payment Discount Amount... 6-52 Lesson 9: Review the Posted Payment Discount Tolerance and the Payment Tolerance Entries... 6-53 Lesson 10: Review Customer and Vendor Statistics... 6-56 3
Finance Essentials in Microsoft Dynamics NAV 2013 Module 7: RECEIVABLES MANAGEMENT: REMINDERS AND FINANCE CHARGE MEMOS Lesson 1: Set Up and Assign Reminder Terms... 7-2 Lab 7.1: Set Up and Assign a Reminder Term... 7-13 Lesson 2: Set Up and Assign Number Series for Reminders and Issued Reminders... 7-14 Lesson 3: Create and Issue Reminders... 7-15 Lab 7.2: Create and Issue Reminders... 7-23 Lesson 4: Set Up and Assign Finance Charge Terms... 7-24 Lab 7.3: Set Up and Assign a Finance Charge Term... 7-32 Lesson 5: Set Up and Assign Number Series for Finance Charge Terms... 7-33 Lesson 6: Create and Issue Finance Charge Memos... 7-34 Lab 7.4: Create and Issue Finance Charge Memos... 7-44 Lesson 7: Calculate Interest on Reminders... 7-45 Module 8: VAT Lesson 1: VAT Calculation Type... 8-3 Lesson 2: Display VAT Amounts in Sales and Purchase Documents... 8-14 Lesson 3: Adjust VAT Amounts in Sales and Purchase Documents and Journals... 8-17 Lab 8.1: Adjust a VAT Amount in a Sales Document... 8-25 Lab 8.2: Adjust a VAT Amount in a Purchase Journal... 8-27 Lesson 4: Unrealized VAT... 8-29 Lesson 5: VAT Statements... 8-30 Lesson 6: VAT Settlement... 8-36 4
Module 9: PREPAYMENTS Table of Contents Lesson 1: Set Up General Posting Groups... 9-3 Lesson 2: Set Up Unrealized VAT for Prepayments... 9-4 Lesson 3: Set Up Number Series for Prepayment Documents... 9-6 Lesson 4: Set Up Prepayment Percentages for Customers and Vendors... 9-8 Lesson 5: Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations... 9-9 Lesson 6: Set Up Prepayments Verification... 9-14 Lab 9.1: Set Up Prepayments for Sales... 9-17 Lesson 7: Prepayments Processing Flows... 9-18 Lesson 8: Prepayment Sales and Purchase Orders Overview... 9-20 Lesson 9: Process Prepayment Sales and Purchase Orders... 9-25 Lesson 10: Process Prepayment Sales and Purchase Invoices... 9-28 Lesson 11: Demonstration: Prepayment Purchase Order Process... 9-31 Lab 9.2: Prepayment Sales Order Process with Payment Discount... 9-37 Lab 9.3: Prepayment Sales Order Process with Unrealized VAT... 9-45 Lesson 12: Correct Prepayments... 9-49 Module 10: YEAR END CLOSING PROCESSES Lesson 1: Closing a Fiscal Year... 10-2 Lesson 2: Transferring Income Statement Account Balances... 10-5 Lesson 3: Posting the Journal... 10-8 Lab 10.1: Post an Entry into a Closed Fiscal Year... 10-10 5
Finance Essentials in Microsoft Dynamics NAV 2013 We created this additional Table of Contents to assist you in quickly finding out the areas that are new and, or changed from the Microsoft Dynamics NAV earlier version for this course. These areas are identified with this icon throughout the training material. Module 3: GENERAL JOURNALS Lesson 2: Standard Journals... 3-11 Module 4: CASH MANAGEMENT RECEIVABLES AND PAYABLES Topic 3: Analyzing Receivables... 4-13 Module 6: RECEIVABLES AND PAYABLES MANAGEMENT: PAYMENT DISCOUNT AND PAYMENT TOLERANCE Topic 2: Demonstration: Process an Incorrect Customer Payment... 6-44 Module 7: RECEIVABLES MANAGEMENT: REMINDERS AND FINANCE CHARGE MEMOS Topic 5: Assign Reminder Terms... 7-9 Lesson 2: Set Up and Assign Number Series for Reminders and Issued Reminders... 7-14 Topic 1: Reminder Process without Interest Calculation... 7-16 Topic 4: Assign Finance Charge Terms... 7-29 Lesson 5: Set Up and Assign Number Series for Finance Charge Terms... 7-33 Topic 1: Finance Charge Memo Process... 7-35 Topic 2: Reminder Process with Interest Calculation... 7-46 Module 9: PREPAYMENTS Lesson 2: Set Up Unrealized VAT for Prepayments... 9-4 Topic 2: Demonstration: Set Up Prepayment Percentages for Vendors... 9-9 Topic 2: Demonstration: Set Up Prepayment Defaults for a Vendor-Item Combination 9-12 6
Table of Contents Topic 2: Review Prepayment Invoices... 9-28 Topic 4: Create Final Sales and Purchase Invoices... 9-30 Topic 5: Review Final Invoices... 9-30 Lesson 11: Demonstration: Prepayment Purchase Order Process... 9-31 Lab 9.2: Prepayment Sales Order Process with Payment Discount... 9-37 Lab 9.3: Prepayment Sales Order Process with Unrealized VAT... 9-45 7
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