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

Planning reporting needs for ERP


The implementation teamwork ofMicrosoft Dynamics 365 for Finance and Operations  should challenge the management's reporting needs in the analysis phase of implementation, with a particular focus on exploring the data required to build reports. These data requirements should then be cross-checked with the real data entry activities that end users will execute to ensure that business users will get vital information from the reports.

On several projects, there are no well-defined reports except the financial reports (trial balance, income statement, and balance sheet) that are in place during analysis. Later, for live operations on such projects, the implementation team determines the need for more data and starts chasing the required information inside the application by completing the missing information fields, and/or redesigning the data entry process. This may lead to an increase in the data entry time due to additional steps for data validation and the...