Module 1: General Ledger Setup

This module explains how to set up the General Ledger in Microsoft Dynamics AX. It shows how to set up a company currency, additional currencies, and exchange rates. It also explains how to create periods, a new fiscal year, dimension value, and a dimension focus.

Lessons

• Currency and Exchange Rate Setup
• Periods and Fiscal Year Setup
• Date Intervals
• Reason Codes
• Dimensions
• Dimension Focus
• Generated Allocations

Lab: Create Periods in a New Fiscal Year

Lab: Assign Ledger Account Dimension Values

After completing this module, students will be able to:

Module 2: Chart of Accounts

This module explains how to set up the Chart of Accounts. It also shows how to create and set up account allocation terms, system accounts, and view inquiries and reports about the Chart of Accounts.

Lessons

• Ledger Account Categories
• Chart of Accounts
• Account Allocation Terms
• System Accounts
• Inquiries and Reports Related to the Chart of Accounts

After completing this module, students will be able to:

Module 3: Journal Setup

This module explains how to set up Journals. It shows how to create and work with journal names, journal controls, journal texts, and how to set up balance control accounts, and General Ledger parameters.

Lessons

• Journal Setup
• Journal Controls
• Journal Texts
• Balance Control Accounts
• General Ledger Parameters

Lab: Set Up Journals

After completing this module, students will be able to:

Module 4: Financial Features

This module explains how to use features that can be used across the finacial series. It shows how to create, modify, and delete reason codes, and how to use the Fill Utility.

Lessons

• Reason Codes
• Fill Utility

Module 5: General Ledger Daily Procedures

This module explains how to enter transactions in the General Ledger. It shows how to create general journals, enter and post General Ledger journal transactions, post multiple journals, create approval journals, period journals, and retrieve period journals. It also explains General Ledger transaction reversal and the inquiry and reports about General Ledger journal transactions.

Lessons

• Create General Ledger Journals
• Enter General Ledger Journal Transactions
• Create Journal Batch Processing
• Create Approval Journals
• Create and Use Voucher Templates
• Create and Retrieve Periodic Journals
• General Ledger Transaction Reversal
• Create and Use General Ledger Reversing Entries
• Inquire and Report on Daily Journal Transactions

After completing this module, students will be able to:

Module 6: Sales Tax Setup

This module explains how to set up sales tax. It also explains how to set up the different components of sales tax, and sales tax exempt data, and how to calculate and post withholding sales tax.

Lessons

• Sales Tax Overview
• 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 Group
• Create Item Sales Tax Groups
• Use Sales Tax Jurisdictions
• Create Sales Tax Transactions
• Create Sales Tax Exempt Data
• Calculate and Post Withholding Sales Tax

After completing this module, students will be able to:

Module 7: Bank Management Setup

This module explains how to set up the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before you create a check to pay an invoice. This chapter explains how to set up bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.

Lessons

• Bank Transaction Types
• Bank Transaction Groups
• Bank Management Parameters
• Payment Purpose Codes
• Bank Groups
• Bank Accounts
• Check Layout

After completing this module, students will be able to:

Module 8: Accounts Payable Setup

This module explains how to set up Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.

Lessons

• Payment Schedule
• Terms of Payment
• Payment Days
• Cash Discount
• Payment Fee
• Methods of Payment
• Vendor Groups
• Accounts Payable Posting Profiles
• Accounts Payable Vendors

After completing this module, students will be able to:

Module 9: Accounts Payable Daily Procedures

This module explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each journal.

Lessons

• Invoice Journals in Accounts Payable
• Invoice Register
• Invoice Approval Journal
• Invoice Pool Excluding Posting
• Invoice Journal
• Voucher Template
• Payment Journals
• Invoice Matching
• Edit Open Transactions
• Reverse a Closed Transaction
• Print Management

After completing this module, students will be able to:

Module 10: Accounts Receivable Setup

This module explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.

Lessons

• Payment Schedule
• Terms of Payment
• Payment Days
• Cash Discount
• Payment Fee
• Methods of Payment
• Customer Groups
• Accounts Receivable Posting Profiles
• Accounts Receivable Customers

After completing this module, students will be able to:

Module 11: Accounts Receivable Daily Procedures

This module explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice and the payment journal.

Lessons

• Customer Process Overview
• Create a Free Text Invoice
• Create a Payment Journal
• Edit Open Transactions
• Place a Transaction on Hold
• Reverse Settlements
• Reimburse a Customer
• Use Reason Codes in Accounts Receivable
• Work with Print Management in Accounts Receivable

After completing this module, students will be able to:

Module 12: Bank Management Daily Procedures

This module explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.

Lessons

• Create Checks
• Delete a Check
• Deposit Slips
• Void Unposted Checks
• Refund Checks
• Bank Remittance
• Payment Reversal
• Reconcile a Bank Account

After completing this module, students will be able to: