Implement and manage accounts payable and expenses

9 hr 56 min
Learning Path
6 Modules

At a glance

Level

Intermediate
Product

Dynamics 365 Finance
Role

Business Analyst Business User Functional Consultant
Subject

Finance and accounting

This learning path for Dynamics 365 Finance teaches you to configure Accounts payable, handle vendor invoices, streamline payments, use OCR for data extraction, and manage employee expenses in Project Operations.

Prerequisites

To successfully navigate this learning path, you should have:

A basic understanding of finance and accounting processes, including purchase order invoicing and accounts payable procedures.
General knowledge of vendor invoicing procedures, expense management processes, and the ability to use finance and operations apps, such as Dynamics 365 Finance for basic processing.
A connection to an external provider of OCR.

Start

Modules in this learning path

Configure Accounts payable in Dynamics 365 Finance

2 hr 14 min
Module
17 Units

You can enter vendor invoices manually or receive them electronically. You learn how to configure the Accounts payable module in Dynamics 365 Finance to empower accounts payable staff to perform their daily activities.

Start

Introduction 3 min
Configure the payment schedule 5 min
Configure terms of payment and payment days 5 min
Configure cash discounts 5 min
Set up payment fees 5 min
Create vendor groups 5 min
Set up accounts payable posting profiles 5 min
Set up default descriptions for automatic posting 8 min
Create vendors 15 min
Set up methods of payment for vendors 8 min
Set up bank accounts and bank account approvals for vendors 12 min
Set up electronic payment formats 15 min
Configure accounts payable charges 5 min
Configure and use positive pay 5 min
Lab - Configure accounts payable components 25 min
Check your knowledge 6 min
Summary 2 min

Work with accounts payable daily procedures in Dynamics 365 Finance

1 hr 42 min
Module
12 Units

By working with accounts payable daily procedures in Dynamics 365 Finance, your organization can streamline the payment process for vendor invoices by using payment journals and proposals. These tools help with efficient payment creation, approval, and posting by allowing users to select invoices based on specific criteria, such as due dates and cash discount opportunities.

Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance

1 hr 52 min
Module
9 Units

Accounting distributions are used to define how an amount is accounted for. For example, how the expense, tax, or charges are accounted for on a vendor invoice. Every amount must be accounted for when the vendor invoice is journalized has one or more accounting distributions.

Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance

39 min
Module
7 Units

Optical character recognition (OCR) is a technology that enables organizations to automate data extraction from scanned documents or images. You can convert text from the source document to machine-readable data within Dynamics 365 Finance.

Get started with Expense management in Dynamics 365 Project Operations

1 hr 16 min
Module
13 Units

The Expense management module in Microsoft Dynamics 365 Project Operations allows organizations to track and manage employee expenses. Expense management lets you store payment information, import credit card transactions, and track money that employees spend when they incur expenses for your organization. You can also set up expense policies, automate approvals, and provide a streamlined business process by using Project Operations.

Set up and configure Expense management in Dynamics 365 Project Operations

2 hr 13 min
Module
14 Units

The Expense management module provides users with a more simplified process to handle expenses. The Expense management workspace is where users can file their expenses, while Expense management workflows and features like optical character recognition (OCR) for scanning receipts can help optimize your organization's expense processes.