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 the accounts receivable module's controls


The accounts receivable module's controls are an essential task to be discussed during the analysis and design phases, in addition to being assessed in the operation phase for enhancements. Microsoft Dynamics 365 for Finance and Operations addresses the required basic business procedures for this module's controls. It is significant to the business to control the execution of accounts receivable processes, since it directly affects company revenues. Therefore, it should be controlled and monitored. In the following section, we will explore:

  • Customer hold activities
  • Customer credit limit management

Customer hold activities

In daily business operations in accounts receivable, the accounting manager may need to stop transactions on a specific customer. The on-hold function for customers in Microsoft Dynamics 365 for Finance and Operations is located at the customer level. To access this function, navigate to Accounts receivable | Customers | All...