Microsoft Dynamics AX 2009 Financials I
This course explores the basic financial functionality available in Microsoft Dynamics AX. You learn how to set up the General Ledger, Accounts Payable, Accounts Receivable, and Bank Modules of Microsoft Dynamics AX, as well as how to create transactions.
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Prerequisites
Before attending this course, students must have:
• Basic knowledge of accounting principles.
• An understanding of how to move within Microsoft Dynamics AX.
In addition, we recommend, but do not require, that students have completed:
• Microsoft Dynamics AX Introduction course
Course Outline
Module 1: General Ledger Setup
This module explains how to set up the General Ledger in Microsoft Dynamics AX. It shows how to set up a company currency, additional currencies, and exchange rates. It also explains how to create periods, a new fiscal year, dimension value, and a dimension focus.
Currency and Exchange Rate Setup
Periods and Fiscal Year Setup
Date Intervals
Reason Codes
Dimensions
Dimension Focus
Generated Allocations
Module 2: Chart of Accounts
This module explains how to set up the Chart of Accounts. It also shows how to create and set up account allocation terms, system accounts, and view inquiries and reports about the Chart of Accounts.
Ledger Account Categories
Chart of Accounts
Account Allocation Terms
System Accounts
Inquiries and Reports Related to the Chart of Accounts
Module 3: Journal Setup
This module explains how to set up Journals. It shows how to create and work with journal names, journal controls, journal texts, and how to set up balance control accounts, and General Ledger parameters.
Journal Setup
Journal Controls
Journal Texts
Balance Control Accounts
General Ledger Parameters
Module 4: Financial Features
This module explains how to use features that can be used across the finacial series. It shows how to create, modify, and delete reason codes, and how to use the Fill Utility.
Reason Codes
Fill Utility
Create, modify, and delete reason codes
Describe how and when to use the Fill utility
Module 5: General Ledger Daily Procedures
This module explains how to enter transactions in the General Ledger. It shows how to create general journals, enter and post General Ledger journal transactions, post multiple journals, create approval journals, period journals, and retrieve period journals. It also explains General Ledger transaction reversal and the inquiry and reports about General Ledger journal transactions.
Create General Ledger Journals
Enter General Ledger Journal Transactions
Create Journal Batch Processing
Create Approval Journals
Create and Use Voucher Templates
Create and Retrieve Periodic Journals
General Ledger Transaction Reversal
Create and Use General Ledger Reversing Entries
Inquire and Report on Daily Journal Transactions
Module 6: Sales Tax Setup
This module explains how to set up sales tax. It also explains how to set up the different components of sales tax, and sales tax exempt data, and how to calculate and post withholding sales tax.
Sales Tax Overview
Create Ledger Posting Groups
Create Sales Tax Authorities
Create Sales Tax Settlement Periods
Create Sales Tax Codes
Create Sales Tax Codes Intervals
Create a Sales Tax Group
Create Item Sales Tax Groups
Use Sales Tax Jurisdictions
Create Sales Tax Transactions
Create Sales Tax Exempt Data
Calculate and Post Withholding Sales Tax
Module 7: Bank Management Setup
This module explains how to set up the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before you create a check to pay an invoice. This chapter explains how to set up bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.
Bank Transaction Types
Bank Transaction Groups
Bank Management Parameters
Payment Purpose Codes
Bank Groups
Bank Accounts
Check Layout
Module 8: Accounts Payable Setup
This module explains how to set up Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.
Payment Schedule
Terms of Payment
Payment Days
Cash Discount
Payment Fee
Methods of Payment
Vendor Groups
Accounts Payable Posting Profiles
Accounts Payable Vendors
Module 9: Accounts Payable Daily Procedures
This module explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each journal.
Invoice Journals in Accounts Payable
Invoice Register
Invoice Approval Journal
Invoice Pool Excluding Posting
Invoice Journal
Voucher Template
Payment Journals
Invoice Matching
Edit Open Transactions
Reverse a Closed Transaction
Print Management
Module 10: Accounts Receivable Setup
This module explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.
Payment Schedule
Terms of Payment
Payment Days
Cash Discount
Payment Fee
Methods of Payment
Customer Groups
Accounts Receivable Posting Profiles
Accounts Receivable Customers
Module 11: Accounts Receivable Daily Procedures
This module explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice and the payment journal.
Customer Process Overview
Create a Free Text Invoice
Create a Payment Journal
Edit Open Transactions
Place a Transaction on Hold
Reverse Settlements
Reimburse a Customer
Use Reason Codes in Accounts Receivable
Work with Print Management in Accounts Receivable
Examine print management setup
Module 12: Bank Management Daily Procedures
This module explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.
Create Checks
Delete a Check
Deposit Slips
Void Unposted Checks
Refund Checks
Bank Remittance
Payment Reversal
Reconcile a Bank Account