Book description
Boost your accounting and financial skills with Microsoft Dynamics 365
About This Book
- Make real-time data-driven decisions for your enterprise with Microsoft Dynamics 365 Enterprise edition
- Configure and set up the Microsoft Dynamics 365 financial module via highly useful tips and tricks
- Administer customer relations and plan enterprise resources with this systematic guide
Who This Book Is For
This book is for application consultants, solution architects, controllers, CFOs, pre-sales and other professionals who are involved in a Microsoft Dynamics 365 for finance and operation implementation. Basic knowledge of financial terms, concepts, and terminologies is required.
What You Will Learn
- Examine the business logic behind the financial functionalities of Microsoft Dynamics 365 FFO
- Set up and configure the core modules of financial management
- Grasp the key control points of financial management
- Explore intercompany and consolidation in Microsoft Dynamics 365 FFO
- Understand multi-currency sales, tax mechanisms, and budgeting capabilities in Microsoft Dynamics 365 FFO
- Get to grips with month/year-end period close functionality
- Understand the account payable and receivable module
- Use Microsoft Dynamics 365 to create financial reports
In Detail
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.
Style and approach
This book is a step-by-step guide focusing on implementing Dynamics 365 financial management for your organization.
Publisher resources
Table of contents
- Title Page
- Copyright and Credits
- Dedication
- Packt Upsell
- Contributors
- Preface
-
Getting Started with Microsoft Dynamics 365 for Finance and Operations
- Understanding ERP characteristics
- Discovering the implementation team
- Exploring key intentions of ERP implementations
- Understanding the ERP module's integration
- Understanding the cloud offering
- Exploring ERP on the cloud
- Exploring ERP and reporting
- Posting types in Microsoft Dynamics 365 for Finance and Operations
- Exploring common terms in ERP implementations
- Exploring the Microsoft Dynamics implementation methodology – Sure Step
- Exploring Microsoft Dynamics Lifecycle Services
- Looking at the Microsoft Dynamics 365 for Finance and Operations user interface
- Summary
- Understanding the General Ledger
- Exploring Financial Dimensions
- Understanding Sales Tax
- Working with Currencies
-
Understanding Accounts Payable Basics and Controls
- Understanding accounts payable integration with other modules
- Exploring vendor master data characteristics
- Exploring accounts payable controls
- Summary
-
Exploring Accounts Payable Transactions
-
Exploring accounts payable transactions
- The purchase order invoice
- The prepayment invoice
- Vendor invoice register, invoice approval, and invoice pool
- Non-inventory vendor invoices 
- Global vendor invoice journal
- Vendor payment proposal
- Vendor advanced payment
- Vendor settlement
- The vendor settlement mechanism in Microsoft Dynamics 365 for Finance and Operations
- Summary
-
Exploring accounts payable transactions
- Understanding Accounts Receivable
- Understanding Cash and Bank Management
- Functioning of Cash Flow Management
- Exploring Budgeting
- Working with Intercompany Accounting
- Working with Consolidation and Elimination
- Working with Cost Management
- Exploring Fixed Assets
- Exploring Financial Reporting and Analysis
- Other Books You May Enjoy
Product information
- Title: Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
- Author(s):
- Release date: March 2018
- Publisher(s): Packt Publishing
- ISBN: 9781788839297
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