Create and set up the Chart of Accounts, General Ledger, Accounts Payable, Accounts Receivable and Bank modules, and Financial Statements in Microsoft Dynamics AX.

Set up Sales Tax.

Understand the General Ledger, Accounts Payable, Accounts Receivable, and Bank Management daily procedures.

Enter transactions in journals including invoices and payments.

Basic knowledge of accounting principles.

An understanding on how to navigate within Microsoft Dynamics AX.

The Microsoft Dynamics AX Introduction course

Set up a Currencies and Exchange Rates

Create Periods in a New Fiscal Year

Create Date Intevals

Create a Dimension Value

Create a Dimension Focus

Lab 1.1: Enter a Currency and Print the Currencies

Lab 1.2: Create Periods in a New Fiscal Year

Lab 1.3: Date Intervals

Lab 1.4: Assign Ledger Account Dimension Value

Lab 1.5: Create a Dimension Focus and Print the Dimension Statement

Set up a company currency and exchange rate.

Create periods and a fiscal year.

Create a dimension value, and a dimension focus.

Create a New Account in the Chart of Accounts (COA)

Set Up Account Allocation Terms

Set Up System Accounts

View Inquiries and Reports Related to the Chart of Accounts

Lab 2.1: Enter a General Ledger Account

Lab 2.2: General Ledger Total Account

Lab 2.3: Account Allocation Terms

Create a new account in the Chart of Accounts in Microsoft Dynamics AX.

Set up account allocation terms, and system accounts.

View inquiries and reports related to the Chart of Accounts.

Create Journal Names

Set Up Journal Controls

Create Journal Texts

Set Up Balance Control Accounts

Set Up General Ledger Parameters

Lab 3.1: Setting Up Journals

Create journal names.

Set up journal controls.

Create journal texts.

Set up balance control accounts.

Set up general ledger parameters.

Create General Ledger Journals

Enter General Ledger Journal Transactions

Create Journal Batch Processing

Create Approval Journals

Create and Retrive Periodic Journals

General Ledger Transaction Reversal

Inquire and Report on Daily Journal Transactions

Lab 4.1: Daily Transactions

Lab 4.2: Daily Transactions with Dimensions

Lab 4.3: Daily Transactions with Balance Control

Lab 4.4: Post All Open Vendor Payments

Lab 4.5: Setting Up a Journal for Approval

Lab 4.6: Entering Periodic Transactions

Enter General Ledger journal transactions.

Create journal batch processing.

Create approval journals, and period journals.

Retrieve period journals.

Understand the General Ledger transaction reversal process.

Inquire and report about General Ledger journal transactions.

Create Ledger Posting Groups

Create Sales Tax Authorities

Create Sales Tax Settlement Periods

Create Sales Tax Codes

Create Sales Tax Codes Intervals

Create a Sales Tax Groups

Create Item Sales Tax Groups

Create Sales Tax Transactions

Create Sales Tax Exempt Data

Calculate and Post Withholding Sales Tax

Lab 5.1: Create a Ledger Posting Group

Lab 5.2: Create a Sales Tax Authority

Lab 5.3: Create and Assign a Vendor to the Sales Tax Authority

Lab 5.4: Set Up of Sales Tax Settlements

Lab 5.5: Calculation Methods for Sales Tax Codes

Lab 5.6: Set Up Sales Tax Codes Intervals

Lab 5.7: Comprehensive Set Up of Sales Tax

Lab 5.8: Including Sales Tax in Journal Amounts

Lab 5.9: EU 115 Sales Tax Directive

Create ledger posting groups.

Create sales tax authorities.

Create sales tax settlement periods.

Create sales tax codes.

Create sales tax codes intervals.

Create a sales tax groups.

Create item sales tax groups.

Create sales tax transactions.

Create sales tax exempt data.

Calculate and post withholding sales tax.

Set Up Bank Transaction Types and Transaction Groups

Set Up Bank Groups

Set Up Payment Purpose Codes

Set Up Bank Parameters

Create a Bank Account

Define the Check Layout for a Bank Account

6.1: Create Bank Transaction Types and Groups

6.2: Create a Bank Group and Bank Account

6.3: Define a Check Layout

Set up bank transaction types and transaction group.

Set up bank groups.

Set up payment purpose codes.

Set up bank parameters.

Create a bank account.

Define the check layout for a bank account

Create a Payment Schedule

Create Terms of Payment

Create a Payment Day

Set Up Cash Discount

Create a Payment Fee

Create a Method of Payment

Set Up Vendor Groups

Set Up Posting Profiles

Create a New Vendor

Lab 7.1: Terms of Payment

Lab 7.2: Method of Payment

Lab 7.3: Vendor Groups

Lab 7.4: Vendor Posting Profile

Lab 7.5: Vendors

Create a payment schedule.

Create terms of payment.

Create a payment day.

Set up a cash discount.

Create a payment fee.

Create a method of payment.

Set up vendor groups.

Set up posting profiles.

Create a new vendor.

Explain the Different Invoice Journals

Approve an Invoice Register Journal

Create an Invoice excl. Posting

Create an Invoice Journal

Create a Payment Proposal

Run a Payment Proposal for a Mark for Settlement

Create a Payment Journal

Generate a Payment

Edit Open Transactions

Reverse Settlements

Lab 8.1: Create an Invoice Register Journal

Lab 8.2: Create Invoice Pool excl. Posting

Lab 8.3: Create an Invoice Journal

Lab 8.4: Create a Payment Journal

Lab 8.5: Edit Open Transactions

Lab 8.6: Reverse a Closed Transaction

Understand the flow of an invoice through the different invoice journals available in Microsoft Dynamics AX.

Know how to create an invoice register journal.

Create an invoice pool excl. posting.

Create an invoice journal.

Create a payment journal.

Generate a payment.

Edit open transactions.

Reverse settlements.

Payment Schedule

Terms of Payment

Payment Day

Cash Discount

Payment Fee

Methods of Payment

Customer Groups

Posting Profiles

Create a New Customer

Lab 9.1: Create and Assign Terms of Payment

Lab 9.2: Set Up a Method of Payment

Lab 9.3: Create a Customer Group

Lab 9.4: Set Up a Customer Posting Profile

Lab 9.5: Create a New Customer

Create a payment schedule.

Create terms of payment.

Create a payment day.

Set up a cash discount.

Create a payment fee.

Create a methods of payment.

Set up customer groups.

Set up posting profiles.

Create a new customer.

Customer Process Overview

Create a Free Text Invoice

Create a Payment Journal

Edit Open Transactions

Reverse Settlements

Reimburse a Customer

Lab 10.1: Create Free Text Invoices

Lab 10.2: Settlements

Lab 10.3: Edit Open Transactions

Lab 10.4: Reverse a Settlement

Lab 10.5: Reimburse a Customer

Understand the customer process.

Create a free text invoice.

Create a payment journal.

Edit open transactions.

Reverse settlements.

Know how to reimburse customers.

Create Checks

Delete Checks

Create a Bank Deposit Entry

Void Checks

Create a Check Refund that Prints Out a Check

Use Bank Remittances

Cancel Payment

Reconcile a Bank Account

11.1: Create and Delete a Check

11.2: Create a Deposit Slip

11.3: Void Unposted Checks

11.4: Check Refund

11.5: Reconcile a Bank Account

Create, delete, and void checks.

Create a bank deposit entry.

Cancel a payment.

Use bank remittances.

Create a check refund that prints out a check.

Reconcile bank statements.

Create a Dimension Focus

Create a Row Definition

Design the Structure of Row Definitions

Create a Column Definition

Print a Financial Statement

Create and Print a Dimension Statement

Display Balance by Dimension

12.1: A New Financial Statement

12.2: Create a Dimension Statement

Understand the financial statement features used to build custom reporting structure.

Create a dimension focus, row definition.

Design the structure of row definitions.

Create a column definition.

Print a financial statement.

Create and print a dimension statement.

Display balance by dimension.