• Course
  • Vendor

We cover fundamentals, best practices, and many, many daily tips and tricks on how to work with Microsoft Dynamics NAV or Business Central in the real world, all with a specific focus on accounting.

  • Course Start Date: 2020-07-13
  • Time: 09:00:00 - 17:00:00
  • Duration: 5 Day(s)
  • Location: Irving
  • Delivery Method(s): Instructor Led

Course Outline

Pre-Requisites

None.

Lessons

As former Corporate Controllers who use Microsoft Dynamics 365 Business Central every day, we wanted every CFO, Controller, Accounting Manager, and anyone who works alongside these roles to know all the things we wish we would have known in these roles.  We want to share all the things we learned over 20 years of Controllership – the good, the bad, the big and the small – as we cover fundamentals, best practices, and many, many daily tips and tricks on how to work with Microsoft Dynamics NAV or Business Central in the real world, all with a specific focus on accounting.

During the class we will cover in detail:

  • Role Center Overview
  • Chart of Accounts
  • Posting Groups
  • Dimensions
  • Financial Setups and Master Records
  • Best Practices for Accounts Receivable
  • Best Practices for Accounts Payable
  • Approvals and Workflows
  • Common Corrections
  • Efficient Journal Entries
  • Fixed Asset Management
  • Best Practices for Month End Close
  • Best Practices for Year End Close
  • Getting Ready for Audit
  • Budgeting
  • Design of Financial Reports with Account Schedules

Course Outline

The agenda for the class is as follows (subject to change):

Monday (1 p.m. – 5 p.m.)

  • Overview
  • Chart of Accounts
  • Posting Groups
  • Dimensions

Tuesday (9 a.m. – 5 p.m.)

  • System Setup
  • Master Records
  • Sales Tax Setup
  • Banking Setup & AP Check
  • Recurring Journal Entries
  • General Journal Entries
  • Month End Close
  • Year End Close
  • Common Corrections

Wednesday (9 a.m. – 5 p.m.)

  • Payment Terms & Methods
  • Vendor Creation
  • Purchase Orders and Invoicing
  • Standard Purchase Codes
  • Pricing & Discounting
  • Purchase Return Orders
  • Purchase & Payables Reporting
  • Correct Applications & Void Checks
  • Payments & Applications

Thursday (9 a.m. – 5 p.m.)

  • Customer Creation
  • Sales Quote
  • Convert Sales Quote to Order
  • Sales Order & Invoicing
  • Sales Credit and Rebills
  • Sales & Receivables Reporting
  • Deposits & Cash Applications
  • Permissions & Security
  • Getting Ready for Audit
  • Fixed Assets

Friday (9 a.m. – 1 p.m.)

  • Using Existing Reporting
  • Budgeting
  • Design of Financial Reports with Account Schedules

Please note, during Friday’s session we will be covering capstone material that is critical to your take-aways from this class.  Please schedule your travel after the scheduled conclusion.

Who Should Attend?

CFOs, Controllers, and accountants pursuing a thorough understanding of and confidence in financial processes and reporting within Dynamics 365 Business Central / Dynamics NAV.

Learning Objectives:

At the end of this class, participants will be able to:

  • Gain a deep understanding of the Chart of Accounts, Posting Groups, and Dimensions, and how to design them for efficiency and accuracy
  • Understand the functionality of the sales cycle and purchasing cycle and how to apply best practices throughout these areas
  • Master a faster month end with time-saving techniques with journal entries
  • Understand how to create financial reporting with account schedules

Field of Study: Accounting

Program Level: Basic

Advanced Preparation: 

Each student will receive their own hands-on learning environment via email shortly before class.  Bring to class your own laptop with the training environment connected. We also recommend students bring an external mouse and a travel monitor to have a second screen when working on their laptops.

Version:

This class will be taught in Dynamics NAV 2018.  If you are evaluating or use Dynamics 365 Business Central, the functionality and processes taught will be applicable with only minor differences.  We will review the pertinent differences between the two user interfaces early in the class, and throughout the class we will identify any significant differences in functionality between the versions where appropriate.  If you are using an earlier version of NAV, likewise we will highlight significant differences in features and functionality as appropriate.

Cancellation Policy

A full refund will be issued to the student if the student cancels 28 days before the class start date, less applicable fees to process the refund. A 50% refund will be issued to the student if the student cancels less than 28 days and more than 14 days before the start date, less applicable fees to process the refund. No refund will be issued to the student if the student cancels less than 14 days before the start date. At any time, the student may elect to defer the class fee to the next offered class. If a class is cancelled by New View Strategies, the student may select whether to the defer the class fee to the next offered class or receive a full refund.

Training Location

WorkSuites Las Colinas - Irving
WorkSuites Las Colinas 320 Decker Dr Suite 100

Irving, Texas
United States   

About New View Strategies Inc.

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At New View Strategies, we’re fond of saying “Yep, we’ve been there, done that.” We’re former users of Dynamics NAV and Dynamics 365 Business Central, so we understand your needs, challenges, and issues. More importantly we know how to solve them, and what insights can make huge differences in your competency, efficiency, and productivity. Would you like to get more done in less time, have fewer manual work-arounds, and understand the best way to use the system? Our targeted classes will provide plenty of “ah-ha” moments and drive improvements on day 1. With years of teaching experience, we understand adult learning principles and how to make training “stick”. Nearly half of your time in class is spent practicing in individual hands-on environments, so you can feel confident immediately. Sound too good to be true? Students rate our instructor effectiveness at 4.84 out of 5.0, and we have a 99% peer recommendation rate. We look forward to working with you in class!

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