Microsoft Dynamics 365 Finance (MB-310T00)

This course covers the financial aspects of Dynamics 365: configure and use essential financial components, accounts payable, accounts receivable, collections, budgeting, fixed assets, and additional functionality.

Module 1: Configure and use the general ledger in Dynamics 365 Finance

• Get started with Dynamics 365 Finance
• Configure currencies in Dynamics 365 Finance
• Create fiscal calendars, years, and periods in Dynamics 365 Finance
• Get started with chart of accounts in Dynamics 365 Finance
• Set up chart of accounts in Dynamics 365 Finance
• Set up financial dimensions in Dynamics 365 Finance
• Set up ledgers and journals in Dynamics 365 Finance
• Perform general ledger daily procedures in Dynamics 365 Finance
• Intercompany accounting in Dynamics 365 Finance
• Configure ledger allocations and accruals in Dynamics 365 Finance
• Configure and perform periodic processes in Dynamics 365 Finance

Module 2: Work with analytics and reporting in finance and operations apps

• Different types of reports and inquiries in finance and operations apps
• Financial reporting
• Configuring finance and operations apps for Microsoft Power Platform
• Generating and consuming inquiries and reports

Module 3: Configure cash and bank management in Dynamics 365 Finance

• Create and configure banks.
• Create and configure bank layouts.
• Configure cash and bank management parameters.
• Set up vendor and customer banks.
• Configure cash flow forecasts and reports.
• Use process automation to schedule updates for cash flow forecasts.
• Summarize vendor and customer payments in bank transactions.

Modality 4 : Set up taxes in Dynamics 365 Finance

• Configure ledger posting groups.
• Create sales tax authorities.
• Configure sales tax settlement periods.
• Create sales tax codes.
• Configure sales tax groups and item sales tax groups.

Modality 5: Work with taxes in Dynamics 365 Finance

• Withholding taxes
• Sales tax exemptions
• Conditional sales tax
• Analysis of sales tax on transactions
• How to set up sales tax reporting codes and withholding tax
• How to prepare periodic filling

Modality 6: Work with accounts receivable in Dynamics 365 Finance

• Set up accounts receivable in Dynamics 365 Finance
• Get started with accounts receivable daily procedures in Dynamics 365 Finance
• Set up credit and collections in Dynamics 365 Finance
• Process credit and collections in Dynamics 365 Finance

Modality 7: Configure Accounts payable in Dynamics 365 Finance

• Configure accounts payable components.
• Create and maintain a vendor.
• Configure vendor payments.
• Set up vendor posting profiles.
• Configure accounts payable charges.

Modality 8 : Process purchase order invoices in Dynamics 365 Finance

• Use invoice types in Accounts payable.
• Record vendor invoices.
• Process purchase orders and purchase order invoices.
• Use periodically recurring invoices.
• Record an invoice.
• Record a vendor invoice that isn't associated with a purchase order.

Modality 9: Work with accounting distributions, invoice validations, and settlements in Dynamics 365 Finance

• Settle transactions and undo settlements.
• Distribute funds by using accounting distributions.
• Configure invoice validation policies.

Modality 10: Set up and use Intelligent OCR for vendor invoices in Dynamics 365 Finance

• Set up optical character recognition (OCR) in Dynamics 365 Finance.
• Manage parameters that are specific to OCR in Accounts payable.
• Manage Workflow editor to allow invoice automation processes.

Modality 11: Get started with Expense management in Dynamics 365 Project Operations

• Learn about Expense management capabilities.
• Discover Expense management features.
• Review considerations for planning to use the Expense management module in Project Operations.

Modality 12: Set up and configure Expense management in Dynamics 365 Project Operations

• Discover the Expense management workspace.
• Learn how to turn on the Expense reports re-imagined feature.
• Review the Expense management parameters.
• Learn about workflow functionality for expense management.
• Set up expense policies, and evaluate policies using the Audit workbench.
• Set up mileage expense options.
• Set up credit card transaction processing and import credit transactions.

Modality 13: Set up and use basic budgeting Dynamics 365 Finance

• Set up basic budgeting components.
• Use inquiries and reports.
• Review basic budgeting.
• Create and manage budget register entries.
• Implement a budget register workflow.

Modality 14: Set up and use budget control in Dynamics 365 Finance

• Review budget control.
• Set up budget control parameters.
• Define budget control rules.
• Define budget groups.
• Activate budget control.

Modality 15: Configure fixed assets management in Dynamics 365 Finance

• Configure fixed assets components.
• Configure fixed assets parameters.
• Enable fixed assets integration with purchasing.
• Create fixed assets.

Modality 16: Set up and acquire fixed assets in Dynamics 365 Finance

• Set up and create fixed assets.
• Set up and record acquisitions.
• Acquire assets through procurement.
• Estimate and eliminate a project to a fixed asset.
• Create a fixed asset by using manual and automatic methods.

Modality 17: Manage fixed assets in Dynamics 365 Finance

• Set up asset budgeting.
• Transfer a fixed asset.
• Set up a fixed asset group.
• Update fixed asset information.
• Review fixed asset rollover reports.

Modality 18: Work with fixed asset deprecation and disposal in Dynamics 365 Finance

• Components of lending and disposing fixed assets
• Transaction types for posting depreciations
• How to sell a fixed asset by using free text invoice
• How to dispose of a fixed asset as scrap

Before attending this course, students must have:

• The ability to use Finance for basic processing
• Knowledge of finance and accounting processes

A general understanding of purchase order invoicing

As a Dynamics 365 for Finance and Operations Functional Consultant, you analyze business requirements and translate them into fully realized business processes and solutions that implement industry-recommended practices. You have a fundamental understanding of accounting principles and a deeper understanding of financial operations as they relate to core finance, manufacturing, retail, and supply chain management operations. You specialize in one or more feature sets of Dynamics 365 Finance including core finance, general ledger, tax, cost accounting, cost management, fixed assets, asset leasing, budgeting, revenue recognition, consolidation and elimination, credit and collections, cash and bank management, and expense management. You understand the relationships between finance and manufacturing, retail, and supply chain management.