Finance Functional Consultant – MS Dynamics 365 Business Central

Job Summary:

Finance Functional Consultant – Microsoft Dynamics 365 Business Central

Roles and Responsibilities:

1. Finance Setup

• Create and validate GL accounts and chart of accounts.

• Define and manage dimensions and dimension values.

• Set up and manage general journals (standard, recurring, and allocation-based).

• Reverse and copy journal entries and GL registers.

• Create budgets and set up accounting periods.

• Perform month-end and year-end closing activities.

• Configure account schedules and column layouts for financial statements.

• Generate trial balance and other key financial reports.

2. Procure-to-Pay (P2P)

• Create and update vendor cards and vendor-specific order addresses.

• Manually create inventory and non-inventory purchase orders.

• Process purchase invoices, credit memos, and purchase order returns.

• Suggest vendor payments and process them using batch jobs.

• Apply freight and landed cost allocations to item unit cost.

• Preview and print purchase orders and email directly from the system.

• Print purchase receipt reports and view AP aging reports.

3. Order-to-Cash (O2C)

• Create and update customer cards and customer contacts.

• Define item-level pricing and customer-specific discounts.

• Create and process sales orders with accurate discounts.

• Ship, invoice, and archive sales orders.

• Process sales invoices, credit memos, and apply/unapply cash receipts.

• Automate remittance emails via job queues.

• Print/preview AR aging reports and customer statements.

• Cancel or correct posted sales invoices.

4. Banking Setup

• View and manage bank account ledger entries.

• Create and modify bank account posting groups.

• Configure base calendar codes for financial scheduling and reporting.

• Integrate banking setup with AP/AR functions for reconciliation.

5. Accounts Payable (AP)

• Maintain vendor master data and payment terms.

• Process purchase documents and vendor payments.

• Post and reverse purchase transactions.

• Generate AP aging and audit-ready reports.

• Ensure accurate landed cost and freight tracking.

6. Accounts Receivable (AR)

• Maintain customer master data and contact/shipping information.

• Process and post sales transactions and cash applications.

• Reconcile AR ledgers with customer statements.

• Execute credit memos and apply correction entries.

• Manage customer-specific invoice formats and automation.

7. RTM List Coverage

• Ensure all User Action/Data Setup tasks are validated as per the RTM checklist.

• Execute pass/fail validation for test scripts across Sales, Purchasing, Finance, and Banking modules.

• Validate configuration readiness via system walkthroughs.

• Align user setup activities with Business Central best practices.

• Verify any additional field customizations on customer cards and documents.

Required Skills and Qualifications:

• 5–10 years of experience with Microsoft Dynamics 365 Business Central (or NAV).

• Strong knowledge of financial operations, journal entries, AP/AR cycles, and reporting.

• In-depth understanding of procure-to-pay and order-to-cash processes.

• Proven experience with data setup, validation, and test execution against the RTM checklist.

• Good documentation and communication skills.

• Ability to work closely with business and technical stakeholders.

Preferred Skills:

• Experience with Business Central automation (Job Queues, Auto Remittance).

• Familiarity with using base calendar codes in financial configurations.

• Ability to test and troubleshoot user setup workflows.

• Microsoft certification in Dynamics 365 Business Central is a plus.

• Experience in ERP implementation or migration projects.