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 cash flow integration with other modules


The integrated modules of cash flow management are accounts payable, accounts receivable, and general ledger. The accounts payable module manages the vendor payments process, the accounts receivable module manages the customer collections process, and the general ledger module identifies the cash and cash-equivalent accounts.

The following diagram shows the integration of the cash flow modules:

Cash flow forecast management consists of the following elements:

  • Accounts payable: This identifies the vendors' terms of payment, settlement periods, vendors' posting profiles, accounts used for vendor settlement, and vendor invoice transaction execution
  • Procurement and sourcing: This identifies the transactional execution of vendor purchase orders and receptions—customer collections management has the following components:
  • Accounts receivable: This identifies the customers' terms of payment, settlement periods, customers' posting profiles, accounts...