Microsoft Dynamics 365 Finance

A general ledger is a record of all the financial transactions that take place within a company. This includes everything from sales and purchases to salaries and expenses. General ledger entries are used to keep track of these transactions, and they provide an important record of a company’s financial activities.

• Create and maintain one or more fiscal calendars that can be shared across multiple legal entities.
• Manage the status of a fiscal calendar period at the legal -entity level.
• Create and maintain currency exchange rates that can be shared across multiple legal entities.
• Ability to use different currency exchange rates for budgeting versus actuals in each legal entity.
• Create and maintain one or more charts of accounts that can be shared across multiple legal entities.
• Manage legal-entity–specific attributes for a main account.
• Manage chart-of-accounts–specific and legal-entity–specific attributes for a financial dimension value.

The resource planning cycle for any company typically consists of three steps – plan, budget and forecast. The process is supported through a document that integrates with Microsoft Excel so users can configure unlimited monetary scenarios as well as quantitative data to define their organizational hierarchy in support either top down or bottom-up methods depending on what they need most at the moment!

• Workforce budgets – Workforce budgets help organizations plan for the costs associated with their workforce. This includes detailed budgeting for positions, compensation groups, and other related costs.
• Fixed assets – Fixed assets budgets help organizations plan for the depreciation of their fixed assets and track other planned transactions related to those assets.
• Project budgets – Project budgets track the forecasted hours, expenses, fees, and items associated with specific projects.
• Demand forecasting – Demand forecasting estimates future inventory demand based on historical data.

By utilizing these budgeting tools, organizations can gain greater control over their finances and better predict future needs.

Accounts receivable are the amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for. Accounts receivable are considered an asset on a company’s balance sheet because it is money that will be received in the future. In order to track accounts receivable, companies will create customer invoices.

If a company has multiple legal entities, it may use centralized payments to record payments in one legal entity on behalf of other legal entities.

• Customer Ledger
• Collection of Letters & Cases
• Sales Order Invoices & Free Text Invoices
• Settlements
• Payment Terms & Payment Methods

Accounts payable is the process of entering and approving invoices from vendors. Vendors can send invoices electronically or they can be entered manually. After the invoices are entered, they can be reviewed and approved using an invoice approval journal or the Vendor invoice page. Invoice matching, vendor invoice policies, and workflow can be used to automate the review process. This way, invoices that meet certain criteria are automatically approved, and the remaining invoices are flagged for review by an authorized user.

• Record Invoices
• Flexible configuration options for setting up vendors
• Enforce policies
• Settlements
• Payment Terms and Payment Methods
• Payment Run with Workflows

Microsoft Dynamics 365 for Finance and Operations provides powerful tools for managing financial statements.

• Get a clear picture of the financial health of an organization
• Create, deploy, and view financial statements.
• With the out-of-the-box Report Designer, users can easily create custom reports that meet their specific needs.
• The financial report collaboration capabilities make it easy to distribute reports to the relevant stakeholders.
• The interactive report viewing features allow users to change different attributes and filters to find the data they need.

Centralized source of information

• Improve productivity by taking advantage of available assets and resources and aligning your employees with your strategic goals
• Deep data and process integration across all of your Microsoft applications. This gives you a centralized source of information that can save your employees a lot of time.
• Collaborate across the organization and supply chain for better and faster decision making.