Learn Microsoft Dynamics NAV 2015 Finance Essential

Explore how income statements and balance sheets relate to the chart of accounts. General ledger accounts form the list that makes up the chart of accounts.

Learn how to configure G/L account cards in Dynamics NAV 2015, including account numbers, debit and credit postings, and posting group mappings for consolidation and cost accounting.

Explore how G/L account cards and ribbons streamline general posting, linking posting groups to service accounts, and viewing detailed ledger entries, balances, and reports for efficient finance management.

Create a new revenue dl account in Dynamics NAV 2015, name it country sales, set debit/credit for direct posting, and post via the general journal to the income statement.

Assign a department dimension to multiple accounts in Microsoft Dynamics NAV 2015 Finance, set a default dimension, and mark it mandatory for transactional postings.

Learn how to create and post journal entries in Microsoft Dynamics NAV 2015, including configuring accounts, choosing document types, balancing a line, and using the register to trace the transaction.

Explore how standard journals use dimensions to post transactions, designate departments, and carry dimension data into the general ledger, enabling analysis reports to identify posted entries.

Explore recurring journals in Microsoft Dynamics NAV 2015 finance essential, including fixed versus variable posting, monthly recording frequency, and cross-account allocation across periods.

Explore processing recurring journals in Microsoft Dynamics NAV 2015 Finance Essential, mastering allocations to departments, monthly expenses, and fixed versus variable postings.

Create a journal entry with a dimension split between two departments, posting a debit to an expense account and a balancing credit, ensuring the entry posts successfully.

Learn how to reverse a posted transaction in Microsoft Dynamics NAV 2015 finance essential, ensuring the entry is reversed and cash is restored while printing reversal confirmations.

Discover how cash management uses the bank account card to process payments, post and reverse transactions, and review bank accounts, posting, and related reports.

Explore how to view and manage customer data, balances, and transactions in Dynamics NAV 2015 Finance Essential, including payment method codes, deposits, invoices, and applied or reverse entries.

Master vendor data and payments in Dynamics NAV 2015, avoiding late payments, leveraging discounts, and using vendor invoices, cash flow, and transaction details for informed purchasing.

Learn how to record customer payments in the cash receipt journal, post to the bank, and apply payments to invoices with deposits and refunds, including ledger effects.

Learn to create and post vendor payments using a payment journal for manual checks. Apply payments to invoices via apply entry and review postings in bank and vendor ledgers.

Generate vendor payment suggestions from the payment journal, apply due date and discount criteria, and post payables checks or electronic payments in Microsoft Dynamics NAV 2015 Finance.

Learn to void and financially void checks in Dynamics NAV 2015, including scenarios when a check is not cleared or posted, and manage vendor and bank entries.

Learn to apply payments to customer and vendor entries in Dynamics NAV 2015, allocate amounts to invoices, post applications, and clear balances from open invoices.

Learn how to unapply customer and vendor ledger entries, force apply when needed, and reverse or reapply payments to correct misapplied invoices in Dynamics NAV 2015.

Learn about the reversal of posted journals in Microsoft Dynamics NAV 2015 Finance Essential, including applying corrections to opening balances and invoices for accurate customer postings.

Reconcile bank statements in Microsoft Dynamics NAV 2015 Finance by comparing statement lines with ledger entries, posting bank charges, and finalizing reconciled ledger entries.

Set up payment discounts in Dynamics NAV 2015, including excluding tax or including tax methods. Configure general posting setup and tax posting group to link discount accounts.

Process payment discounts by applying a 2 percent discount to the amount excluding tax when the customer pays by the discount date, and post the discount to the ledger.

Learn to apply conditional payment discounts in Dynamics NAV 2015 Finance, calculate two percent discounts, apply them to invoices, and manage partial payments and due-date adjustments.

Process and adjust vendor payment discounts in Dynamics NAV 2015 by applying 1% and 2% discounts to vendor invoices, posting payments, and reviewing the discount calculations.

Set up payment discount tolerances and payment tolerance, configure discount grace periods, currency-specific payment plans, and link posting groups and accounts to manage discount and adjustment postings.

Explain payment discount tolerance and payment tolerance in Dynamics NAV 2015 finance. Demonstrate applying customer payments to invoices, balancing the balance, and posting ledger entries.

Review customer and vendor statistics to gain an over time view of payment plans, with periodic cumulative totals against local currency balances and details on invoices, discounts, and transactions.

Set up reminder terms for invoices, defining three levels with a grace period and due date calculations, including interest, additional fees, and postings to GL.

Set up reminders in Dynamics NAV 2015 Finance Essential with configurable grace periods and due date rules, decide on interest calculation, and assign reminders to customers.

Learn to create and issue reminders for overdue invoices in Dynamics NAV 2015 Finance, using automatic batch jobs or manual steps with filters and print or email options.

Set up and assign finance charge terms in Dynamics NAV, configuring interest on overdue balances, open or closed entries, balance due method, and due date calculations.

Set up finance charge terms using the daily balance method with a 360-day interest period, applying a defined interest rate and fees, and posting calculated interest.

Create and issue finance charge memos in Dynamics NAV 2015 Finance Essential, using batch jobs to generate memos for all or specific customers and set posting dates and printing options.

Configure interest calculation on reminders in Microsoft Dynamics NAV 2015 finance essential. Learn to post interest and additional fees, and enable automatic calculation when documents are issued.

Execute a three-step fiscal year closure: close the physical year, transfer income statement balances to retained earnings on the balance sheet, and post the closing journal with equity offsets.

Learn to post an entry into a closed fiscal year in Microsoft Dynamics NAV 2015 Finance Essential, review the posting steps, and transfer balances to complete the close.