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 receivable transactions


The following section will explore the types of transactions of the accounts receivable module. The transactions are divided into the following main categories:

  • Invoicing: This is divided into sales order-related and free text invoices. The Sales Order Invoice represents the invoices that are normally attached to a sales order (or sales orders). The Sales Order Invoice could be the final invoice of the sales order. In that case, it is issued after delivering the goods. The Free Text Invoice-Correction function is a newly introduced feature prior to Microsoft Dynamics 365 for Finance and Operations.
  • Payment: The second category is Payment. This category consist of two types. The first type is prepayment transactions are considered as customer advances from clients and could be assigned to sales orders. The second type is customer payment, which is settled against a customer invoice.

The following diagram will make things clearer:

Sales order invoice

The...