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

Understanding fixed assets integration with other modules


The fixed assets module manages and controls fixed assets transactions, and records fixed assets master information and the basic transactions related to fixed assets acquisition, depreciation, and disposal. The fixed assets function is integrated with other business functions. The first integration function is with the procurement and sourcing business functions, which execute assets acquisition through normal procurement and purchase order processing, then the reception, and finally, the invoice. The second integration is with accounts receivable, which executes fixed assets disposal sales, where there is a transaction document that moves an inventory item to a fixed asset.

The integration of fixed assets documents is shown in the following diagram:

Each transaction is represented in a document type in Microsoft Dynamics 365 for Finance and Operations with the document that contains the details of the transaction. The transaction...