Purchasing goods for resale, as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. Organizations must monitor accounts payable closely and implement procedures so management can easily obtain the financial information that they need to have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all expenses that affect net profit are included in accounts payable. This module explains how to manage and apply prepayments, record invoices, and process payments.

This module explains how to settle transactions and undo settlement and distribute funds by using accounting distributions. Students will also learn how to perform invoice matching. Accounting distributions are used to define how an amount will be accounted for, such as how the expense, tax, or charges will be accounted for on a vendor invoice. Every amount that must be accounted for when the vendor invoice is journalized will have one or more accounting distributions.

One needs to configure the Accounts receivable module to be able to create customer invoices, posting packing slips, use free text invoices that are not related to sales orders, and finally, receive payments by using several different payment types, such as cash, checks, credit cards, and electronic payments from customers. This module provides information about the configuration of essential components of the Accounts receivable module and the customer setup for efficient management of customers and customer transactions in Finance and Operations.

Learn how to create free text invoices, receive payments from customers, and deposit to the bank. Students will also learn how to refund a customer for the over-payment amount or any other reason, like a customer-returns scenario in which the customer must be refunded not only the payment but also the tax that has been collected, using reversals and use transaction reversals in Accounts receivable. Students will also learn how to distribute funds by using Accounting distributions in a free text invoice.

Although most customers pay their invoices on time, one needs to be able to process invoices that are not paid by their due date. This topic explains how to manage delinquent customers by configuring the Credit and collections module in Dynamics 365 for Finance and Operations. To use the Credit and collections module, configuration of accounts receivable should already be completed.

Although most customers pay their invoices on time, one must be able to process invoices that are not paid by their due date. This topic explains how to process Credit and collections.

Final assessment and course summary, as well as a post-course survey for the course.