Dynamics 365 Finance AP & AR Setup | Vendors, Customers, Payments & Terms
Learn foundational Accounts Payable and Accounts Receivable setup in Microsoft Dynamics 365 Finance, including vendors, customers, groups, payment terms, cash discounts, payment methods, posting configuration, and core AP/AR processes.
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Sneak peek inside!
Sneak peek inside!
Course Length: 00 Hours 44 Minutes 55 Seconds
The paid version of this course contains videos on the following topics:
Overview
This course provides practical training on Accounts Payable and Accounts Receivable Setup in Microsoft Dynamics 365 Finance. You’ll learn how Vendor and Customer accounts, groups, payment terms, payment schedules, cash discounts, Methods of Payment, posting configuration, and related settings establish the foundation for vendor and customer financial processing.
What You Will Learn
- Understand Accounts Payable and Accounts Receivable setup in Microsoft Dynamics 365 Finance
- Understand Vendor and Customer account structures
- Create and configure Vendor Groups
- Create and configure Customer Groups
- Create and maintain Vendor Accounts
- Create and maintain Customer Accounts
- Configure Terms of Payment
- Understand payment days and payment schedules
- Configure cash discounts
- Configure Methods of Payment for Vendors
- Configure Methods of Payment for Customers
- Understand payment-related configuration and financial controls
- Understand the relationship between Accounts Payable, Accounts Receivable, Cash and Bank Management, and General Ledger
- Build the configuration foundation for Vendor and Customer financial processing
Course Overview
This module includes hands-on demonstrations of:
- Reviewing Accounts Payable and Accounts Receivable configuration
- Creating Vendor Groups
- Creating Customer Groups
- Creating and maintaining Vendor Accounts
- Creating and maintaining Customer Accounts
- Configuring Terms of Payment
- Configuring payment schedules and cash discounts
- Configuring Vendor Methods of Payment
- Configuring Customer Methods of Payment
- Reviewing the financial-process relationships between Accounts Payable, Accounts Receivable, General Ledger, and Cash and Bank Management
Outcome
By the end of this course, you’ll understand the foundational setup required for Accounts Payable and Accounts Receivable in Microsoft Dynamics 365 Finance, including Vendor and Customer Groups, Vendor and Customer Accounts, Terms of Payment, payment schedules, cash discounts, Methods of Payment, and related financial configuration.
