Unable to find what you're searching for?
We're here to help you find itThe Business Central Functional with Taxation course is designed to educate learners on the comprehensive functionality of Microsoft Dynamics 365 Business Central, with a specific focus on its taxation features. This course offers a deep dive into the essential modules and setup configurations necessary for effectively managing a business's financial operations, including tax management.
Through a series of structured modules, participants will explore use cases, technology underpinnings, navigation, and basic tasks within Business Central. Moreover, learners will gain practical experience in Business Central setup, including creating a new company, data migration, Security management, Financial configurations, and Application setup.
The course provides a thorough understanding of operational processes, sales and purchase pricing, inventory management, and financial transactions. Integration and automation with other applications, such as Power BI, Power Automate, and Power Apps, are also covered, ensuring learners can streamline workflows and improve efficiency.
One of the key focus areas of the course is taxation, where learners will delve into the intricacies of financial reporting, Inventory valuations, cost of goods sold (COGS), and Consolidation, which are all critical for managing a business's tax obligations effectively.
By mastering Dynamics 365 Business Central setup and its taxation capabilities, learners will be equipped to optimize financial processes, ensure tax compliance, and make informed business decisions, thus enhancing their professional skills in the ecosystem of Microsoft Dynamics 365.
Successfully delivered 9 sessions for over 32 professionals
Purchase This Course
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
To ensure the best learning outcomes for the Business Central Functional with Taxation course, participants are advised to have the following minimum prerequisites:
These prerequisites are designed to provide a foundation upon which the course material can build. They are not intended to be barriers to entry but rather to ensure that all participants can effectively engage with and benefit from the course content.
The Business Central Functional with Taxation course is designed for professionals looking to master financials, operations, and integrations within Business Central.
Target Audience for the Course:
In this comprehensive Business Central Functional with Taxation course, participants will acquire expertise in configuring and utilizing the key functionalities of Business Central, focusing on Financial management, taxation, and integration capabilities.
Business Central setup involves configuring Dynamics 365 Business Central, a comprehensive business management solution designed for small to medium-sized companies. The setup process includes establishing company information, integrating financials, managing sales, and customizing operational workflows to streamline business processes. This setup helps businesses automate and optimize their operations, thereby enhancing efficiency and productivity across various departments.
Data migration is the process of transferring data from one system to another, often during system upgrades or while implementing new systems, such as during a Dynamics 365 Business Central setup. This process involves three major steps: extracting data from the original source, transforming the data to fit the new system’s requirements, and loading the data into the destination system. Careful planning and execution are crucial to ensure that the data maintains its accuracy and integrity, minimizes downtime, and optimizes the performance of the new business environment. Proper execution of data migration is critical when setting up sophisticated platforms like Dynamics 365 Business Central.
Security management in technology involves developing, implementing, and overseeing policies and measures to protect organizational information systems from unauthorized access, use, disruption, modification, or destruction. It aims to ensure operational continuity, protect data integrity, and safeguard sensitive information. This practice encompasses both hardware and software defenses, regular risk assessments, staff training on security best practices, and compliance with relevant legal and regulatory requirements. Effective security management reduces vulnerabilities and fortifies infrastructures against cyber threats, forming an essential aspect of business operation and reputation management in the digital age.
Financial configurations in technology, specifically for systems like Dynamics 365 Business Central, involve setting up and customizing the financial management aspects of the software to suit the unique needs of a business. This includes configuring core accounting settings, tax calculations, budget controls, and financial reporting. Effective financial configuration ensures that the platform can support accurate and efficient financial operations, aid in compliance with accounting standards, and provide valuable insights into the business's financial health. This setup is crucial for streamlined financial workflows and for leveraging the full potential of the Business Central system.
Application setup refers to the process of configuring and launching a software application within its intended environment. This involves installing necessary software components, setting up required configurations, and ensuring compatibility with existing systems. Successful application setup requires understanding both the software needs and the capabilities of the environment it will operate in, to achieve optimal performance and functionality. This process is crucial for any business system, allowing the application to meet user needs and business requirements efficiently and effectively.
Financial reporting is the process of producing statements that disclose an organization's financial status to management, investors, and the government. Typically, it includes the balance sheet, income statement, and cash flow statement, which together provide an overview of a company's financial health. Effective financial reporting helps in making informed business decisions and is crucial for regulatory compliance. It ensures transparency, which can foster greater confidence among stakeholders. Proper setup, often needing detailed configuration such as in systems like Dynamics 365 Business Central, is key to accurate and timely reports.
Inventory valuation is the method used by businesses to calculate the total value of their inventory in financial records. It is crucial for reporting on the company’s financial health and determining cost of goods sold, which affects net income and tax payments. The most common methods include First-in-First-out (FIFO), Last-in-First-out (LIFO), and Weighted Average Cost. Accurate inventory valuation ensures businesses maintain profitability and compliance with accounting standards. Regular updates and checks are essential, particularly when setting up systems like Dynamics 365 Business Central, to ensure the financial data reflects the actual stock levels and values.
Cost of goods sold (COGS) is an accounting term that refers to the direct costs of producing the goods sold by a company. This includes the cost of the materials and labor directly used to create the product. COGS does not include indirect expenses, such as sales force costs or advertising expenses. Calculating COGS is crucial as it helps businesses determine their gross profit, which is needed for financial analysis and strategic planning. This figure is particularly important for inventory management and pricing strategies to ensure profitability.
Consolidation in a business context refers to the process of combining multiple parts into a single, organized system. This can involve merging several smaller companies into a larger entity, streamlining various departments within a company, or integrating software systems to function cohesively. A typical example includes updating business processes and IT infrastructure to reduce redundancy and enhance efficiency, often using advanced tools like Dynamics 365 Business Central. This software helps businesses consolidate financial, customer, and operational data in one central setup, facilitating better decision-making and streamlined operations.
The Business Central Functional with Taxation course is designed for professionals looking to master financials, operations, and integrations within Business Central.
Target Audience for the Course:
In this comprehensive Business Central Functional with Taxation course, participants will acquire expertise in configuring and utilizing the key functionalities of Business Central, focusing on Financial management, taxation, and integration capabilities.
