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

Exploring vendor master data characteristics


The vendor record has essential information that directly affects accounts payable transactions. In this section, we will cover the basic information that should be considered when creating a new vendor record.

In order to create a new vendor record, the user should navigate to Accounts Payable | Vendors | All vendors, as shown in the following screenshot:

Note

On the vendor list page, press Alt + N to create a new vendor record, or click on New vendor in the ribbon.

The General fast tab

As shown in the following screenshot, when the vendor form is opened, under the General fast tab, the mandatory fields are Vendor account and Group:

Vendor account can be assigned manually or automatically through the number sequence.

Group is a mandatory field that represents the vendor group that this particular vendor belongs to, and this is considered as the integration point between accounts payable and general ledger through the posting profile; however, the posting...