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

Summary


In this chapter, we discussed the sales tax business process with generated financial entries in Microsoft Dynamics 365 for Finance and Operations. Then, we moved on to illustrate the integration between the sales tax submodule and other modules. In addition to this, we covered the sales tax configurations, setup, transactions, and financial entries. We also explored conditional sales tax setup and transactions, and at the end of the chapter, covered the withholding tax setup and sales tax declaration.

In the next chapter, we will cover multi-currency applicabilities in Microsoft Dynamics 365 for Finance and Operations. We will then move to multi-currencies in action and revaluation mechanism.