Introduction
To get the most out of Finance, you first need to become familiar with its core capabilities and features. We cover units including general ledger and cash and bank management and how to use Finance for receiving money from customers and paying vendors.
We also explore how to create legal entities and prepare them for financial management.
Another topic we explore is that businesses must collect and pay taxes to various tax authorities. Different countries or regions have different rules and rates. Finance offers a comprehensive Tax module to help handle regional tax reporting requirements.
Finally, we discuss how to use cost types to track costs and journals to track transactions.
Learning objectives
By the end of this module, you're able to:
Describe Finance capabilities, features, and use cases.
Describe organization and legal entities.
Describe number sequence functionality.
Describe Finance tax capabilities.
Describe cost accounting concepts.