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WANTED: Better Descriptions for Journals

#Microsoft #D365 #D365FO #DefaultDescriptions #JournalDescriptions #Setup #Configuration #Automation Do you ever wish the out of the box journal entries had more information? Well... D365 Finance and Operations can do just that. The features we are going to explore today are customizable in the Journal Setup section of the General Ledger module. General ledger > Journal setup > Journal descriptions General ledger > Journal setup > Default descriptions General ledger > Journal

D365 Asset Leasing (IFRS16), Deeper Dive

#Dynamics365, #D365FSC, #D365FO, #AssetLeasing, #Setup, #Accounting, #IFRS16, #ASC842, #Configuration, #PostingProfiles, #Vouchers, #Bug, #KnownError In the previous blog we discussed Microsoft D365 Asset Leasing vouchers. D365 Asset Leasing (IFRS16) (365financearchitect.com) Today we will review the related setups and posting process for Asset Leasing. 1. Asset Leasing Parameters (Leases, Accounts, and Number sequences) Create and assign the exhibited Journal Names. Asset le

D365 Asset Leasing (IFRS16)

#Dynamics365, #D365FSC, #D365FO, #AssetLeasing, #Setup, #Accounting, #IFRS16, #ASC842, #Configuration, #PostingProfiles, #Vouchers Dynamics 365 Finance and Supply Chain automates Lease Accounting. D365 will process transactions for both ASC 842 and IFRS 16 Today we will cover the process related to IFRS 16. 1. Chart of Accounts Create the exhibited Main Accounts. General ledger > Chart of accounts > Accounts > Main accounts 2. Posting Profiles Assign Main Accounts per the tab

Automated Accounting, D365 Online Consolidation

#D365 #Consolidation #ConsolidateOnline #Configuration #Accounting #Setup #CurrencyTranslationAdjustment If you have D365 ERP system, you probably have multiple companies and the need to publish consolidated financial statements. The following process outlines how to perform Consolidate, Online to achieve a Consolidated Trial Balance. 1. Chart of Accounts. Create a Main Account to store the Currency Translation Adjustment (CTA) General ledger > Chart of accounts > Main accoun

Consolidate different Chart of Accounts, No Problem for D365

#D365 #ChartOfAccounts #Setup #Configuration #ConsolidationAccount #ConsolidationAccountGroup #AdditionalAccountsforConsolidation #ConsolidateOnline Today we will consolidate Legal Entities (LE) with different Chart Of Accounts. Scenario LE Chart Of Accounts Name Country US01 COA_USA USA FR01 COA_FRA FRA CON COA_USA USA The France LE is using a French Statutory Chart of Accounts. The USA Consolidation LE (CON) is using a different Chart of Accounts. Assumption You