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

Working with inventory marking


During daily business in inventory management, there are some transactions that need to be returned to the inventory at the same cost at which they were issued. Each inventory transaction is associated to a unique Lot ID. Any inventory transaction is assigned to a Lot ID with a unique identification that helps in inventory cost and inventory transaction tracking; this is used to specify the transaction's cost. The marking function can be used with the Sales order to specify the cost of goods sold for the marked line in the Sales order lines, and it can be used in the issuance return (inventory addition) from the movement journal, production order, and/or the bill of material (BOM) journal. The following diagram shows the relationship of the inventory marking to inventory issuance and receptions:

To access the marking function window, navigate to Sales and marketing | Sales orders | All sales order, then go to Sales order lines, click on Inventory, and select...