Learn Microsoft Dynamics NAV 2015 Finance Essential

Master Financial Management in Microsoft Dynamics NAV 2015

This course provides a comprehensive understanding of setting up and managing key financial functions within Microsoft Dynamics NAV 2015. You'll gain practical skills to streamline your organization's financial processes, even with no prior accounting experience. We focus on an elementary, easy-to-understand approach.

Here's what you'll learn:

• Financial Management Setup: Learn to configure the core settings for efficient financial operations.
• Cash Management: Understand and implement effective cash flow management strategies.
• General Ledger Setup: Explain and set up the fields within the General Ledger Setup window – a critical component for accurate financial reporting.
• Journal Development & Transactions: Create and post general journal entries to record various financial activities.
• Bank Account Management: Describe the Bank Account Card and utilize its features for managing bank relationships.
• Payment Processing: Explore the Payments FastTab on the customer and card to efficiently process payments.
• Applying Ledger Entries: Learn how to apply entries to customer and vendor ledger entries for accurate account reconciliation.
• Bank Reconciliation: Review the Bank Account Reconciliation window and understand the options for populating bank reconciliation lines. Show how to process a bank reconciliation to ensure financial accuracy.
• Payment Discounts: Setup Microsoft Dynamics NAV 2015 to use payment discounts to incentivize early payments.
• Reminders: Setup Microsoft Dynamics NAV 2015 to use reminders to proactively manage outstanding invoices. Explain how to create and issue reminders.
• Finance Charge Memos: Setup Microsoft Dynamics NAV 2015 to use finance charge memos for managing late payments.
• Accounts Receivable & Payable Management: Gain proficiency in managing both customer (receivables) and vendor (payables) accounts.
• Year-End Closing Processes: Understand and execute the necessary steps to close the accounting periods for the fiscal year.

Prerequisites: A basic understanding of computer usage is required. No prior knowledge of finance or accounting principles is necessary – this course is designed for beginners. The training is presented in an elementary and easy-to-understand format.