Manage Accounts Payable and Receivable in Dynamics 365 Finance

Managing financial transactions efficiently is crucial for any business. Learn how to navigate and utilize Dynamics 365 Finance for core accounts payable and accounts receivable processes. This course equips you with the foundational knowledge and practical understanding to confidently handle vendor and customer financial operations. You will transform from a newcomer to a user capable of processing invoices, managing payments, and overseeing credit and collections within a leading enterprise resource planning system. What you'll learn: * Understand the core concepts of accounts payable, including vendor management and invoice processing. * Learn to process and manage vendor payments, including common payment methods and reconciliation. * Grasp the fundamentals of accounts receivable, covering customer setup and invoice creation. * Apply knowledge to manage customer payments, credit limits, and collection processes. * Explore basic subscription billing functionalities and their impact on revenue recognition. * Practice ensuring data integrity and generating standard financial reports within Dynamics 365 Finance. * Understand essential security roles and permissions related to AP/AR functions. The course begins with an introduction to key terminology and foundational concepts, then systematically guides you through vendor management, invoice processing, and payment handling for accounts payable. Subsequently, it covers customer setup, invoicing, payment collection, and credit management for accounts receivable, concluding with an overview of subscription billing. This course is designed for absolute beginners in finance, accounting roles, or business users looking to understand and operate accounts payable and accounts receivable functions within Dynamics 365 Finance. No prior experience with Dynamics 365 or advanced accounting knowledge is required. Start your journey to becoming proficient in managing financial operations with Dynamics 365 Finance.