MS Dynamics F & O Accounts Payable Trainer - Course Content
Accounts Payable is a crucial component of any financial system, and it is no different in MS Dynamics 365 F & O. This module provides businesses with the tools they need to manage their vendor relationships, track their financial obligations, and ensure that payments are made accurately and on time. In this article, we will provide an overview of Accounts Payable in MS Dynamics 365 F & O and discuss its importance in finance.
Our Zoom Training on MS Dynamics F & O Accounts Payable covers the following:
1. Introduction to Accounts Payable in MS Dynamics 365
1.1 Overview of Accounts Payable and its importance in finance
1.2 Overview of MS Dynamics 365 and its modules
1.3 Introduction to the Accounts Payable module in MS Dynamics 365
2. Setting Up the Accounts Payable Module
2.1 Company Setup: Company information, Chart of Accounts and Fiscal calendars
2.2 Vendor Setup: Vendor creation and maintenance, Vendor groups, Payment terms and Tax information
2.3 Bank and Cash Management: Bank accounts and Cash accounts
3. Accounts Payable Transactions
3.1 Purchase Orders: Creating purchase orders, Receiving products and services
3.2 Invoices - Entering invoices and Matching invoices to purchase orders
3.3 Payments - Creating payments and Applying payments to invoices
4. Accounts Payable Reporting
4.1 Vendor Reports: Vendor balances, Aging reports, Payment history
4.2 AP Reports: Outstanding invoices, Open purchase orders, Cash requirements report
5. Accounts Payable Month-End Closing
5.1 Overview of the month-end close process
5.2 Preparing for month-end close: Reviewing and reconciling accounts payable transactions, Recording any necessary adjustments
5.3 Performing the month-end close: Posting accruals and deferrals, Generating financial statements
6. Best Practices for Accounts Payable in MS Dynamics 365
6.1 Data entry best practices
6.2 Internal controls and fraud prevention
6.3 Reporting and analysis best practices