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

Exploring inventory reconciliation


The inventory reconciliation is a key task that proves system integrity between the general ledger and inventory subledger. This task occurs on a monthly basis as a check point after month close to ensure that everything is properly reconciled with this contentment routine.

In Microsoft Dynamics 365 for Finance and Operations, a set of reports are concerned with inventory and general ledger reconciliation. In the following section, we will explore the inventory value report.

Inventory value report setup

The inventory value report setup gives the option to have versions of the report based on the purpose of the report focus. The report can concentrate on the reconciliation between the inventory and inventory account, the work in progress (WIP) account, the deferred cost of goods sold (deferred COGS) account, and the cost of goods sold (COGS) account, in addition to the report design for columns and rows.

As shown in the following screenshot, to access the inventory...