Dynamics 365 Finance Ledger & Chart of Accounts Setup | Main Accounts, Dimensions & Account Structures
Learn to configure the Ledger and Chart of Accounts in Microsoft Dynamics 365 Finance, including main accounts, account types, financial dimensions, account structures, advanced rules, balancing dimensions, currencies, automatic transactions, and General Ledger parameters.
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Sneak peek inside!
Sneak peek inside!
Course Length: 00 Hours 40 Minutes 02 Seconds
The paid version of this course contains videos on the following topics:
Overview
This course provides practical training on Ledger and Chart of Accounts Setup in Microsoft Dynamics 365 Finance. You’ll learn how to configure the financial framework used by General Ledger, including the Chart of Accounts, main accounts, account types, financial dimensions, account structures, account-structure rules, accounting and reporting currencies, balancing dimensions, automatic transactions, and General Ledger parameters.
What You Will Learn
- Understand Ledger and Chart of Accounts setup in Microsoft Dynamics 365 Finance
- Create and configure a Chart of Accounts
- Create and configure main accounts
- Understand main account types and financial classifications
- Understand accounting and reporting currencies
- Understand Ledger period and module controls across legal entities
- Configure account structures
- Define allowed values and rules within account structures
- Create and use financial dimensions
- Understand custom financial dimensions
- Understand financial dimension sets
- Configure relationships and advanced rules for account structures
- Validate and activate account structures
- Configure a balancing financial dimension
- Work with main account templates and reusable configurations
- Understand realized and unrealized currency gain/loss accounting
- Configure General Ledger parameters
- Configure penny-difference and error accounts
- Configure accounts for automatic transactions
- Understand interunit debit and credit accounting
Course Overview
This module includes hands-on demonstrations of:
- Setting up the Ledger and Chart of Accounts
- Creating and configuring main accounts
- Working with account types and currencies
- Creating financial dimensions
- Configuring account structures and validation rules
- Configuring relationships between main accounts and financial dimensions
- Validating and activating account structures
- Configuring balancing financial dimensions
- Reviewing General Ledger parameters and automatic transaction accounts
- Understanding realized and unrealized gain/loss accounting
- Reviewing interunit debit and credit configuration
Outcome
By the end of this course, you’ll understand how to configure the Ledger and Chart of Accounts in Microsoft Dynamics 365 Finance, including main accounts, account structures, financial dimensions, currencies, balancing dimensions, General Ledger parameters, automatic transactions, and the financial framework required for accurate accounting and reporting.
