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

Chapter 8. Understanding Accounts Receivable

The accounts receivable module is the module that represents a customer's data and their transactions. The accounts receivable cycles are customer invoicing, customer payment, and settlement. These business processes manage and control the execution of customer sales processes. These processes are based on sales activities and product delivery cycles in the sales and marketing processes, which manage and control the execution of the order to cash business processes. In this chapter, we will cover the following topics:

  • Understanding the accounts receivable module's integration with other modules
  • Exploring customer master data characteristics
  • Exploring accounts receivable controls
  • Exploring accounts receivable transactions