Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

Overview of this book

Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package in the ERP market. We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting. By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
Table of Contents (24 chapters)
Title Page
Copyright and Credits
Dedication
Packt Upsell
Contributors
Preface
Index

Exploring Microsoft Dynamics Lifecycle Services


Microsoft Dynamics Lifecycle ServicesLCS, is the heart of the Microsoft Dynamics 365 for Finance and Operations implementation. It is the starting point of the implementation and it is the platform you use to manage, maintain, monitor, upgrade, and search for known reported issues in the knowledge base. Microsoft has announced LCS tools to help partners and customers be more engaged in the Microsoft Dynamics 365 for Finance and Operations implementation project. LCS is a cloud-based solution that provides the required tools to let a customer collaborate with a partner and Microsoft in planning, managing, and operating the implementation project. It is mandatory for Dynamics 365 for Finance and Operations implementation. Microsoft Dynamics LCS helps customers and partners have predictable, repeatable, and manageable implementations. LCS is built on Microsoft Azure technologies, and this gives the opportunity to utilize Azure capabilities in data insights used in environment telemetry for monitoring. Through LCS, the customer can smoothly migrate data/customization between environments. In addition to that, the knowledge base which directly feed by Microsoft in issue search.

Note

The Microsoft Dynamics LCS URL is https://lcs.dynamics.com/.

Each implementation project should have at least three environments: production, user acceptance test (UAT), and development. The customer/partner does not have direct access to the production environment machine and soon the UAT; the only team eligible for accessing the Dynamics 365 for Finance and Operations production environment is the Microsoft Dynamics Service Engineers (DSE) team.

The Microsoft Dynamics LCS offers an assortment of services as follows:

  • Business process modeler: This is the tool to design, store, and retrieve business process flowcharts, and it gives the ability to identify gaps in the application during the analysis phase, where a business process could be moved from one project to another, and can be used as a training assistance for end users.
  • Subscription estimator: This is the tool to evaluate customer subscription requirements for the current version of Dynamics 365 Finance and Operations.
  • System diagnosis: This helps system administrators monitor and understand the health of one or more Microsoft Dynamics 365 for Finance and Operations environments.
  • Issue search: This is used to search for product issues, and determine whether an issue has been resolved, is open, or has a workaround; otherwise the user needs to report it to Microsoft for further investigation.