This module explores the capabilities of Microsoft Dynamics 365 Finance to manage the accounting processes involved in paying vendors or suppliers for good or services received and receiving payments for goods and services delivered.
After completing this module, you will be able to:
- Describe core accounts payable components, including vendors, purchase orders, and vendor invoices.
- Describe vendor payments and settlements, including three-way matching concepts.
- Describe core accounts receivable components, including customers, customer invoices, and free text invoices.
- Describe credit and collection processes.
You should have a fundamental understanding of financial principles and business operations. An understanding of cloud computing is helpful but isn't necessary.