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

Understanding the accounts receivable module's integration with other modules


The accounts receivable module manages and controls customer transactions from the accounting point of view, where recording customer master information and the basic transactions related to customer invoicing, payment, and settlement happen. The accounts receivable function is integrated with other business functions.

The integration points with accounts receivable are as follows:

  • Sales and marketing module: This is where goods and services are quoted to the customer, and then the sales order is created
  • Inventory and warehousing module: This is where goods are delivered to customers, and invoicing is based on delivered goods from the warehousing module
  • Cash and bank management: This is where customer payment and settlement against invoices are done

The full life cycle of the Order to Cash is shown in the following diagram:

The normal practice with enterprise organizations is that no sales orders are created directly...