Work with accounts payable daily procedures in Dynamics 365 Finance

Module
12 Units

Intermediate

Functional Consultant

Dynamics 365

Finance

By working with accounts payable daily procedures in Dynamics 365 Finance, your organization can streamline the payment process for vendor invoices by using payment journals and proposals. These tools help with efficient payment creation, approval, and posting by allowing users to select invoices based on specific criteria, such as due dates and cash discount opportunities.

Learning objectives

This module explains how to:

Work with incoming invoice payments.
Process accounts payable credit memos.
Modify due dates and discount dates.
Work with cash discounts from vendors.
Create vendor payments.
Reverse vendor payments.
Manage prepayments and prepayment invoices.

Prerequisites

Basic understanding of finance and accounting processes
A general understanding of purchase order invoicing
The ability to use Finance for basic processing

Introduction min
Incoming invoice payments min
Process accounts payable credit memos min
Modify due dates and discount dates min
Work with cash discounts from vendors min
Create vendor payments min
Centralized payments min
Reverse a vendor payment min
Manage prepayments and prepayment invoices min
Exercise- Process a vendor payment by using a payment journal min
Check your knowledge min
Summary min