MB-800T00 Microsoft Dynamics 365 Business Central Functional Consultant

Price
$2,495.00 USD

Duration
5 Days

Delivery Methods
Virtual Instructor Led
Private Group

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Course Overview

Built and optimized for small and medium businesses, Dynamics 365 Business Central is an application for companies that have outgrown their entry-level business applications. Growing businesses often outgrow their basic accounting software or legacy enterprise resource planning (ERP) systems that are unable to handle increased inventory and transactions, lack integration with other line-of-business systems, and have reporting limitations. Businesses are also challenged with the logistics of providing services that have more scalability, increased mobility, and availability in the cloud. With Business Central, you can manage your financials, automate and secure your supply chain, sell smarter, improve customer service and project performance, and optimize your operations.

Who Should Attend?

Candidates for this course are functional consultants who implement core application setup processes for small and medium businesses. They implement and configure Microsoft Dynamics 365 Business Central including setting up core functionality and modules and migrating data to Business Central. Candidates configure the application in collaboration with the implementation team to provide the business with manageability and ease of use. They may configure role centers including adapting insights, cues, action tiles, reports, charts, and extend Business Central by using Power Platform components. Candidates have applied knowledge of meeting business needs by using Business Central, including basic understanding of financial management, sales, purchasing, and inventory. Candidates for this exam typically specialize in one or more feature sets of Business Central. They understand the role of Business Central in relationship to the Microsoft 365 and Dynamics 365 suites of applications.

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Course Prerequisites

A Dynamics 365 Business Central core functional consultant must have applied knowledge of Business Central and have an understanding of industry terminology, priorities, standards, methodologies, and best practices. The consultant must have applied knowledge of meeting business needs by using Dynamics 365 Business Central, including basic understanding of financial management, sales, purchasing, and inventory. The consultant's knowledge should include a comprehensive understanding of the Business Central application's role in relationship to the Microsoft 365 and Dynamics 365 suites of applications.

Agenda

1 - Get started with Dynamics 365 Finance

Benefits of Dynamics 365 Finance
Overview
General ledger
Cash and bank management
Tax
Accounts payable
Accounts receivable
Credit and collections
Budgeting
Fixed assets
Cost accounting
Electronic invoicing

2 - Configure currencies in Dynamics 365 Finance

Set up currencies and conversions
Configure and import currency exchange rates

3 - Create fiscal calendars, years, and periods in Dynamics 365 Finance

Fiscal calendars, fiscal years, and periods
Create fiscal calendars, years and periods
Select a fiscal calendar
Define budget cycle time spans
Maintain periods for your organization
Create date intervals

4 - Configure chart of accounts in Dynamics 365 Finance

Plan your chart of accounts
Multiple charts of accounts
Set up chart of accounts
Main account categories
Main account information
Allocation terms
Main account validation options
Main account closing options
Financial tags
Accounts for automatic transactions
Define and configure financial dimensions
Create a custom financial dimension
Create an entity-backed financial dimension
Activate and delete financial dimensions
Default dimension values
Derived dimensions
Configure financial dimension templates and sets
Define and configure account structures and advanced rules
Ledger account aliases

5 - Set up ledgers and journals in Dynamics 365 Finance

Understand the different types of journals and their setup
Describe use cases for periodic journals
Configure ledger and journal setup
Discover options for implementing voucher numbers in journals
Set up journal approvals
Configure and use journals
Reverse journal posting
Set up batch transfer rules

6 - Perform general ledger daily procedures in Dynamics 365 Finance

Using balance control accounts
Process a journal entry
Work with general ledger processes
Ledger settlements
Create templates to edit journals in Microsoft Excel
Create voucher templates
Set up journal controls

7 - Intercompany accounting in Dynamics 365 Finance

Set up intercompany accounting
Post intercompany journals
Trace an intercompany entry

8 - Configure ledger allocations and accruals in Dynamics 365 Finance

Configure and apply accrual schemes
Configure ledger allocation rules

9 - Configure and perform periodic processes in Dynamics 365 Finance

Set up the Financial period workspace and closing schedule
Bank reconciliations
Year-end 1099 reporting
Run foreign currency revaluation processes
Process end of year close
Perform financial consolidations

10 - Work with analytics and reporting in finance and operations apps

Understand different types of reports and inquiries
Financial reporting
Find inquiries and reports
Generate and consume inquiries and reports
Configure finance and operations apps for Microsoft Power Platform

11 - Configure electronic reporting in Dynamics 365 Finance

Configure electronic reporting
Use barcode data sources to generate bar code images

12 - Configure cash and bank management in Dynamics 365 Finance

Understand bank transaction types and groups
Set up cash and bank management parameters
Set up the Single Euro Payments Area (SEPA) direct debit mandate
Set up International Bank Account Number (IBAN) structures
Configure banks and bank check layout
Set up bank accounts for customers
Set up bank accounts for vendors
Deposits and refunds
Understand cash flow forecast and reports
Configure cash flow forecasting
Set up cash flow automation
Summarize vendor and customer payments in bank transactions

13 - Work with cash and bank management in Dynamics 365 Finance

Use cash and bank processes
Use cash and bank management workspaces

14 - Configure letters of credit and guarantees in Dynamics 365 Finance

What is a letter of credit?
What is a letter of guarantee?
Configure a letter of credit
Process a letter of credit
Configure a letter of guarantee
Process a letter of guarantee

15 - Configure and process postdated checks in Dynamics 365 Finance

Set up postdated checks
Process a postdated check

16 - Configure taxes in Dynamics 365 Finance

Configure ledger posting groups
Configure sales tax authorities
Configure sales tax settlement periods
Create sales tax codes
Configure sales tax groups and item sales tax groups
Withholding tax
Sales tax exemption
Conditional sales tax
Sales tax on transactions
Set up sales tax reporting codes
Prepare periodic filings

17 - Get started with cost accounting in Dynamics 365 Finance

Configure the Cost control workspace
Cost objects
Work with the Cost accounting Get started wizard
Set up cost accounting
Set up work in progress costing

18 - Configure and work with inventory management in Dynamics 365 Supply Chain Management

Inbound operations
Outbound operations
Configure inventory dimensions
Configure storage dimensions
Configure tracking dimensions
Configure serial and batch numbers
Allocate batch and serial numbers
Configure sites
Configure warehouses
Transfer orders
Set up bar codes
Set up default order settings
Inventory journals
Work with journals
Inventory journal approval workflows
Work with reason codes
Work with consignment inventory
Configure item groups and item model groups
Inventory cost methodologies
Configure inventory policies
Inventory closing and adjustment
Archive inventory transactions
Work with reason codes for inventory counting

19 - Work with the costing sheet in Dynamics 365 Supply Chain Management

Costing versions
Cost groups
Calculation groups
Costing sheets
BOM calculations
BOM Measurements
BOM Reports

20 - Set up accounts receivable in Dynamics 365 Finance

Payment schedule
Terms of payment and payment days
Cash discounts
Payment fees
Set up the credit card payment service
Methods of payment and payment control
Set up a payment calendar and payment calendar rules
Create and maintain customers
Set up customer posting profiles
Configure accounts receivable charges

21 - Perform accounts receivable daily procedures in Dynamics 365 Finance

Create free text invoices
Recurring free text invoices
Create and handle payments of customer invoices for sales orders
Settle transactions and undo settlements
Reimburse a customer
Revenue recognition overview
Define revenue schedules
Define revenue prices
Set up bundle items

22 - Set up credit and collections in Dynamics 365 Finance

Set up accounts receivables for credit and collections
Set up credit and collections components
Set up interest rates for an interest code
Waive, reinstate, or reverse interest fees
Set up and manage collection letters

23 - Process credit and collections in Dynamics 365 Finance

Customer account statement
Working with collections
Manage customer credit and collections
Credit management

24 - Configure Accounts payable in Dynamics 365 Finance

Configure the payment schedule
Configure terms of payment and payment days
Configure cash discounts
Set up payment fees
Create vendor groups
Set up accounts payable posting profiles
Set up default descriptions for automatic posting
Create vendors
Set up methods of payment for vendors
Set up bank accounts and bank account approvals for vendors
Set up electronic payment formats
Configure accounts payable charges
Configure and use positive pay

25 - Perform Accounts payable daily procedures in Dynamics 365 Finance

Understand invoice types in Accounts payable
Incoming invoice payments
Record vendor invoices
Process accounts payable credit memos
Process purchase orders and purchase order invoices
Periodically recurring invoices
Modify due dates and discount dates
Work with cash discounts from vendors
Create vendor payments
Reverse a vendor payment
Manage prepayments and prepayment invoices

26 - 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
Three-way matching policies
Accounts payable invoice matching
Invoice totals matching
Two-way, price totals matching
Two-way, net unit price matching
Three-way matching
Vendor invoice workflow
Charges matching

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

Configuration options
Enable automatic vendor invoice prepayments
Use workflow and product match receipts
View vendor invoice automation results

28 - Get started with Expense management in Dynamics 365 Project Operations

Plan expense management
Intercompany expenses
Financial management
Per diems
Journals and accounts
Payment methods
Taxes
Policies
Expense categories and shared categories
Map expense categories to a main account

29 - Set up and configure Expense management in Dynamics 365 Project Operations

Expense management workspace
Expense management parameters
Expense management workflows
Expense report policies and per diem rules
Evaluate policies by using Audit workbench cases
Set up mileage expense options
Intercompany expenses
Personal expenses on an expense report
Set up credit card transaction processing and import credit transactions
Expense receipt processing
VAT recovery

30 - Create and process expense reports in Dynamics 365 Project Operations

Create an expense report
Intercompany expenses
Itemize expenses by line
Distribute an expense
Add guests
Attach receipts and documents to an expense report
Submit an expense report to a workflow
Approve an expense report
Delegate an expense report
Post an expense report
Reporting options

31 - Work with travel requisitions in Dynamics 365 Project Operations

Create a travel requisition
Approve a travel requisition
Create a cash advance
Update a cash advance

32 - Configure and use basic budgeting and budget control in Dynamics 365 Finance

Planning for basic budgeting and budget control
Budgeting methodologies
Basic budgeting overview
Configure basic budgeting
Allocate a budget
Use workspaces and inquiry pages to track budget vs. actuals
Budget control overview
Configure budget control
Configure budget control (cont.)
Create and manage budget register entries
Use inquires and reports for budget analysis
Implement a budget register workflow

33 - Configure and use budget planning in Dynamics 365 Finance

Configure budget planning components

34 - Configure fixed assets management in Dynamics 365 Finance

Fixed assets and current assets
Accounting for fixed assets
Relationships between fixed assets components
Configure fixed assets components
Derived books
Enable fixed asset integration
Fixed asset transaction options
Demonstration - Create a fixed asset

35 - Set up Asset leasing in Dynamics 365 Finance

Leasing elements
Lease transactions
Set up Asset leasing
Set up lease books
Lease groups
Create a lease
Create a lease schedule
Associate fixed assets with leases
Copy a lease
Adjust a lease

36 - Work with Asset leasing in Dynamics 365 Finance

Asset leasing journal
Create payment invoices
Import lease information
Impair a right-of-use asset
Asset leasing reporting

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