Configure and use cash and bank management, and sales tax in Dynamics 365 Finance

7 hr 11 min
Learning Path
6 Modules

At a glance

Level

Intermediate
Product

Dynamics 365 Finance
Role

Functional Consultant Business User
Subject

Finance and accounting

You can use the Cash and bank management module in Dynamics 365 Finance to maintain an organization's bank accounts, and the financial instruments that are associated with those bank accounts. All businesses must collect and pay taxes to various tax authorities. In this learning path you learn how to configure and use these areas of Dynamics 365 Finance.

Prerequisites

Basic understanding of finance and accounting processes.
The ability to use Finance for basic processing.
Understand how to set up general ledger in Finance.

Start

Modules in this learning path

Configure cash and bank management in Dynamics 365 Finance

2 hr 18 min
Module
16 Units

With cash and bank management in Dynamics 365 Finance, you can record and reconcile financial transactions against the bank statement and identify bank transaction types such as deposits and nonsufficient funds (NSF).

Start

Introduction 2 min
Understand bank transaction types and groups 4 min
Set up cash and bank management parameters 7 min
Set up the Single Euro Payments Area (SEPA) direct debit mandate 15 min
Set up International Bank Account Number (IBAN) structures 5 min
Configure banks and bank check layout 10 min
Set up bank accounts for customers 6 min
Set up bank accounts for vendors 6 min
Deposits and refunds 10 min
Understand cash flow forecast and reports 5 min
Configure cash flow forecasting 7 min
Set up cash flow automation 6 min
Summarize vendor and customer payments in bank transactions 10 min
Lab - Work with cash and bank management 35 min
Check your knowledge 8 min
Summary 2 min

Work with cash and bank management in Dynamics 365 Finance

1 hr 4 min
Module
7 Units

You can use the Cash and bank management module in Dynamics 365 Finance to maintain an organization's bank accounts and the financial instruments that are associated with those bank accounts. These instruments include deposit slips, checks, bills of exchange, and promissory notes. You can also reconcile bank statements and print bank data on standard reports.

Configure letters of credit and guarantees in Dynamics 365 Finance

59 min
Module
9 Units

Letters of credit are bank documents that are commonly used for the purchase and sale of goods across international borders. A letter of guarantee is an agreement by a bank (the guarantor) to pay a set amount of money to some person (the beneficiary) if a bank customer (the principal) defaults on a payment or an obligation to the beneficiary.

Configure and process postdated checks in Dynamics 365 Finance

1 hr 2 min
Module
7 Units

Postdated checks are checks that are issued to make and receive payments on a future date. Therefore, the check can't be cashed until the specified date. Dynamics 365 Finance supports the full management cycle for postdated checks in both accounts receivable and accounts payable.

Set up taxes in Dynamics 365 Finance

1 hr 12 min
Module
11 Units

Setting up taxes in Dynamics 365 Finance offers many benefits, including automated and accurate tax calculations. As a result, your organization can ensure that it complies with national and regional tax laws. To help improve efficiency, your organization can streamline the tax management process by automating postings to ledger accounts.

Work with taxes in Dynamics 365 Finance

36 min
Module
10 Units

Working with taxes in Dynamics 365 Finance is important for ensuring compliance with tax regulations, accurate financial reporting, and efficient tax management. Proper tax configuration helps your organization manage complex tax scenarios, including withholding taxes, sales tax exemptions, and conditional taxes. As a result, your organization can tax and report all transactions correctly to the relevant authorities.