The budgeting module has been improved upon over previous releases of the application. It mainly focuses on the business budgeting process, starting with the budget planning process, which requires organizational efforts from the operations and finance departments. The planning stages consist of all the required steps and workflow approvals, and cover different scenarios of planning approaches to give the needed flexibility in the module's implementation. Then, the approved budget plan is converted to a registered budget that will be the control point during the execution of transactions. The final stage is the reporting, which monitors the operation's performance by comparing actual versus budget. The budgeting process will vary from company to company, based on organization size and its own internal control procedures. There are different types of budgeting methodologies, including zero-based budgeting, historical...
Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
By :
Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
By:
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
Free Chapter
Getting Started with Microsoft Dynamics 365 for Finance and Operations
Understanding the General Ledger
Exploring Financial Dimensions
Understanding Sales Tax
Working with Currencies
Understanding Accounts Payable Basics and Controls
Exploring Accounts Payable Transactions
Understanding Accounts Receivable
Understanding Cash and Bank Management
Functioning of Cash Flow Management
Exploring Budgeting
Working with Intercompany Accounting
Working with Consolidation and Elimination
Working with Cost Management
Exploring Fixed Assets
Exploring Financial Reporting and Analysis
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Index
Customer Reviews