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Microsoft Certification Week for Partners 8/23-8/27

#Microsoft #D365 #Azure #BusinessCentral #ERP #PowerPlatform #Security #Partners #Certification Microsoft is holding a Partner certification week starting August 23rd. This is a can’t-miss opportunity for you to go the last mile toward validating your technical expertise, showcasing mastery of a Microsoft solution area, and acquiring a Microsoft technical certificate as you apply for Microsoft advanced specializations. As a Microsoft partner, all you have to do is register. C

Hot Off the Press, Microsoft D365 2021 Release Wave 2 Plan

#D365 #D365FO #D365FSC #ERP #Accounting #Setup #WhatsNew #2021Wave2 Microsoft periodically delivers automatic Dynamics 365 Updates. This keeps your ERP system up to date with the latest and greatest software. There are several new features, particularly the Finance features, that I find interesting with Dynamics 365 Finance 2021 Release Wave2. My new feature highlights: General Ledger Year End Enhancements This feature comprises a number of enhancements that give you more c

Easy Accurate D365 Transactions via Pivot Tables instead of "T" Accounts

#D365 #ERP #Accounting #TAccounts #Analysis #Reconciliation This blog provides an accurate and easier alternative to manually preparing "T" accounts from your D365 Vouchers. "T" accounts are used by accountants to teach the flow of transactions and also to provide clarity for complex transactions. Creating "T" accounts for numerous vouchers takes a lot longer than Pivot Tables and is harder to read. Trying to review multiple vouchers with "T" Accounts is tedious and can be er

Automated Accounting Part 9, Foreign Currency Transactions

#D365 #ERP #Setup #CurrencyRates #TransactionCurrency #AccountingCurrency Our goal today is to post transactions in a foreign currency and automatically record the exchange rate on a transaction. D365 can process transactions in any currency. Voucher lines will display two currencies: Amount in transaction currency Amount (Amount in accounting currency) Both currencies are synchronously reported on posted transaction voucher lines. 1. Exchange Rate Types Create a default Exch

Hot Off the Press, Microsoft D365 2021 release wave 1 plan

#D365 #ERP #Accounting #Setup #WhatsNew #2021Wave1 Microsoft periodically delivers automatic Dynamics 365 Updates. This keeps your ERP system up to date with the latest and greatest software. There are several new features, particularly the Finance features, that I find interesting. My new feature highlights: Tax service – supporting multiple VAT ID (preview) Maintain multiple VAT IDs under one single legal entity. Maintain multiple VAT IDs under one single customer or vend

Automated Accounting Part 8, Interunit-debit & Interunit-credit (... Balance Sheets by BU)

#D365 #ERP #Accounting #Setup #Interunit #PostingProfiles #FinancialReporter Our business scenario today is automating balancing of a Financial Dimension: Business Unit. We have decided to proceed using a single D365 Legal Entity, and configure as follows. Our strategy is to achieve Financial Statements, parsing a single Legal Entity into separate Balance Sheets and Income Statements, via processing vouchers that automatically balance by Business Unit. The below. single Legal

Automated Accounting Part 7, Fixed Asset Proceeds on Cash Flow Statement

#D365 #ERP #Accounting #Setup #FixedAssets #PostingProfiles #CashFlow #FinancialReporter Today we will look at Sale of Fixed Assets and how it to separate the disposal on the trial balance. This makes the transactions visible for the Cash Flow financial statement. Our goal is to isolate the proceeds based on algebraic calculation, rather than looking through Customer transactions to find the proceeds value. We are going to setup the system so that the Net book value and gain

Automated Accounting Part 6, Entangled Customers and Vendors

#D365 #ERP #Intercompany #Accounting #Setup #Customers #Vendors #PostingProfiles Now why would we want to do that ? Well... this is an introductory setup for processing D365 Intercompany Purchase and Sales Orders: Entangled Vendors and Customers In this scenario, D365 Legal Entity US02 will buy from D365 Legal Entity US01. We will create a Vendor in US02 to buy from US01, and we will create a Customer in Us01 to sell to US02. We will use a smart numbering for the Vendor and