Describe accounts payable and accounts receivable in Dynamics 365 Finance
This module explores the capabilities of 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.
Learning objectives
By the end of this module, you'll 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.
- Describe revenue recognition.
Prerequisites
None