Accounting Foundations Boot Camp

Primary Audience | 
No. of Days |   
5
CPE Credits |  
20

You’re a Staff Accountant and feel comfortable using Business Central / NAV on a daily basis, but you sometimes wonder if you know the best way to use the system. You question if there are some best practices you’re not aware of. You believe there are faster ways to get your daily tasks done. Sound familiar?

Whether you’re newer to BC / NAV or a seasoned veteran, there is always an opportunity for you to save time, reduce errors, and work smarter. As long-time users of the system, we know exactly which features to take advantage of to drive significant improvement in your workstream, and can cover all of those crazy situations and requests that inevitably come up.

 

Class agenda

Day 1 (4 hours) – Financial Foundations

  • Chart of Accounts
  • Posting Groups
  • Dimensions

Day 2 (4 hours) – Purchasing Cycle

  • Vendor Creation
  • Payment Terms & Methods
  • Purchase Orders and Invoicing
  • Standard Purchase Codes
  • Purchase Journal
  • Purchase Return Orders & Credit Memos
  • Purchase Reporting

Day 3 (4 hours) – Accounts Payable

  • Pay vendors with Check & Electronically
  • Payment Corrections
  • 1099 Reporting
  • Vendor Maintenance
  • Payables Reporting

Day 4 (4 hours) – Sales Cycle

  • Customer Creation
  • Sales Quotes, Orders and Invoicing
  • Pricing and Discounting
  • Sales Credit and Rebills
  • Sales Reporting

Day 5 (4 hours) – Accounts Receivable

  • Cash Receipt Journal for Payment Application
  • Cash Receipt Journal for Payment Correction
  • Deposits
  • Receivables Reporting
  • Customer Collections, Reminders, and Statements

 

 

Who Should Attend?

Any Staff Accountant or member of an accounting team interested in truly understanding the structure, processes, and data within the software, in order to become more efficient and reduce errors and workarounds.

Learning Objectives:

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

  • Explain the overall structure of the financial setup
  • Identify what Dimensions and Posting Groups are and how to best use them
  • Follow transactions through the Sales and Purchasing Cycles and process purchase and orders from beginning to end
  • Be able to identify and correct issues with A/P and A/R transactions

 

Field of Study: Accounting

Program Level: Basic

Prerequisites: None

Advanced Preparation: Each student will receive via email connection instructions to their individual virtual classroom link and hands-on practice environment shortly before class. Connections to both resources should be tested before class. We recommend using a second monitor while attending class.

Delivery Method: Group Internet-based

CPE Credits: By participating in this class, you are eligible to earn up to 20 CPE credits which will be distributed following class completion. In order to be awarded the full credit hours, you must notify your instructor of your intention to request credit before the start of the first class. To receive CPE credit, you must be present and actively engaged, which will be verified using polling questions and other means. You will not receive CPE credit for any portion of the class that you do not appear fully engaged.

Version: This class is taught in Microsoft Dynamics 365 Business Central.

Learning environment: As experienced trainers of adult learners, we understand how to make training “stick”.  We use proven practices to make sure you retain what you learn and are fully equipped to immediately apply what you discovered in class. Each day, you will spend more than 50% of your time doing hands-on exercises in our simulated learning environment.

Refund and Cancellation Policy: Please refer to our Refund and Cancellation policy here.

Contact Us to Discuss How We Can Help Your Company Today!

CONTACT US
The experts at New View Strategies are experienced Dynamics NAV and Business Central trainers and business process consultants who have walked in your shoes as former Corporate Controllers, Directors of IT, and Solution Architects, and believe increased utilization of your business systems is critical to the continued success of your company.
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