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

Summary


In this chapter, we discussed the introduction of ERP and its main characteristics of modules integration, with the general ledger at a high level (it will be covered in detail in the next chapters), and posting types in Microsoft Dynamics 365 for Finance and Operations. We also explored the ERP implementation team and the role of the application consultant in an implementation project. Then, we covered the cloud offering, ERP on the cloud, and then covered ERP reporting levels and needs, after which we moved on to the Microsoft implementation methodology, Sure Step, and LCS, and explored the interface of Microsoft Dynamics 365 for Finance and Operations.

In the next chapter, we will cover the general ledger, main account types, classifications, and control points. We will also explore the practices in the financial implementations of Microsoft Dynamics 365 for Finance and Operations.