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

Exploring accounts payable controls


Accounts payable controls are an essential task to be discussed during the analysis and design phases, and assessed in the operation phase for enhancements. Microsoft Dynamics 365 for Finance and Operations addresses the required procedures for accounts payable controls. It is important for a business to control the execution of accounts payable processes, as this directly affects the company's liabilities; this is why it should be controlled and monitored. In the upcoming sections, we will explore vendor hold activities, invoicing controls, and posting profiles.

Vendor hold activities

In daily business operations in accounts payable, the accounting manager might need to stop transactions on a specific vendor; the On hold function for vendors in Microsoft Dynamics 365 for Finance and Operations is located at the vendor level. To access this function, navigate to Accounts payable | Vendors | All vendors | Maintain. In the ribbon, click on On hold.

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