Category: Microsoft Dynamics Business Central

One of the most important steps when transitioning from one ERP solution to another is migrating data. With Dynamics 365 for Financials, the following 3 migration options are available by default, which can be launched from the Assisted Setup window: Import from Excel Import from QuickBooks (IIF) Import from Microsoft Dynamics GP Additional migration options from partners can be found in the Extension Marketplace.   Be aware that once transactions...

Just like most ERP systems, Dynamics 365 for Financials allows for the granting and limiting of access to certain screens and reports. Dynamics 365 for Financials utilizes roles which dictate what screens you can see and what menu options are available. These roles have certain permissions that allow access to different areas of the software. Permissions can be organized into groups to be assigned to users with similar security needs....

Dynamics 365 for Financials has introduced the ability to manage business interactions with customers and vendors directly in Microsoft Outlook. With the Financials Outlook add-ins, users can see financial data related to customers and vendors, as well as create and send financial documents, such as quotes and invoices.   In Financials, one of the steps in the Getting Started assisted setup is the Run your business within Office 365 window....

The setup of the general ledger is at the core of financial processes because it defines how you post data. In the General Ledger Setup window, a user can specify how to handle certain accounting issues in the company, such as:   Invoice rounding details Address formats Financial reporting To access this, search for “general ledger setup” in the search box in the upper right hand corner. Click on the...

General journals are used to post financial transactions to general ledger accounts and other accounts, such as bank, customer, and vendor accounts. Posting with a general journal always creates entries on general ledger accounts. This is true even when, for example, a user posts a journal line to a customer account, because an entry is posted to a general ledger receivables account through a posting group.   There are several...

Dynamics 365 for Financials supports the issuing of both electronic and manual checks. Both methods use the payment journal to issue checks to vendors. Users can also void checks and view check ledger entries.   The process of issuing checks suggests payments, creates ledger entries, and prints the computer checks.   Before issuing checks, the check printer must be correctly set up with the check forms, and a user must...

The process for closing the book includes these main tasks:   Closing the accounting period: A fiscal year is defined as one or more open periods as defined in the Accounting Periods window. A typical fiscal year contains 12 periods of one month each, but you can also choose another method of defining a year.     2. Registering prior-year entries:   When you a fiscal year is closed, several...

Authored by: Brent Stabiner A sales quote is created to record an offer to a customer to sell certain products on certain delivery and payment terms. The sales quote can be sent to the customer to communicate the offer, usually as a PDF attachment.   While negotiation is ongoing with the customer, the sales quote can be changed or resent as much as needed. When the customer accepts the quote,...

Authored by: Brent Stabiner   For each journal line representing a payment in the Payment Reconciliation Journal window, a user can open the Payment Application window to see all candidate open entries for the payment and view detailed information for each entry about the data matching that a payment application is based on. In this window, a user can manually apply payments or reapply payments that were applied automatically to...

Authored by: Brent Stabiner If a customer wants to return or be reimbursed for items or services that have been sold and paid for, a sales credit memo that specifies the requested change must be created and posted. To include the correct sales invoice information, create the sales credit memo from the posted sales invoice, or use a copy function.   In addition to the original posted sales invoice, a...