Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By : Mohamed Aamer Ala El Din
Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By: Mohamed Aamer Ala El Din

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

Budget in action


The budget plan could be created manually, or built based on actual transactions. The budget register entries could be created based on a budget plan or created manually. The application recalls the configurations of budget control and executes it over transactions. The following diagram illustrates Budget management in action:

Over the course of the budget planning process for the Q1 expense projection, you'll need to manually create a budget plan. Go to Budgeting | Budget plans and create a new record by pressing Alt + N, as shown in the following screenshot:

Budget plan lines are recalled from the budget plan layout configuration. This shows the flexibility of designing the budget plan for different customer requirements and scenarios. The following screenshot illustrates the budget plan lines for an expense account for Q1:

Budget plans should be submitted to the workflow. Their status will be In review until they have received the required approvals. The status will be...