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Dynamics 365 In depth – Financials, Part 2

Welcome back to Dynamics 365 In Depth. Last time, we had a general overview of what Dynamics 365 for finances can offer your business. If you haven’t had a chance to read our last blog, don’t worry! You can read all the details here! This week, we’ll be looking at the financial management features of the module in more detail:

Financial Management

This portion of Dynamics 365 for finance boasts the typical features you’d see from a quality ERP software. You’ll be able to manage your general ledgers, accounts payables and receivables – amongst a host of other capabilities.

General Ledger

With general ledger, you’ll be able to set up your chart of accounts for your business. You can map general ledger accounts to categories unique to the structure of your financial statements.

At a glance: 

  • Reporting with the flexibility to meet real time and monthly financial requirements
  • Set up your G/L, including invoice posting details and actions like additional reporting currency
  • Add categories and subcategories to general ledger accounts for better reporting.

Accounts Receivables

Accounts receivables allows you to take customer or vendor ledger entries and close the related sales invoices or purchase credit memos as paid. When all payments have been applied, you can then reconcile the bank account.

At a glance:

  • Perform an online reconciliation of bank transactions with bank feed integration
  • Choose direct bank feed imports or automated feeds using Yodlee
  • Update customer payments automatically based on data from banks

Accounts Payables

Generate vendor payments, that can be prioritised by payment discounts and overdue penalties. You can export payments directly into a bank file whilst posting.

At a glance:

  • Take advantage of credit terms without missing discounts or incurring penalties
  • Pay using purchasing cards, ACH transactions, or checks—including positive pay


Improve your businesses’  flexibility to develop, modify, and control budgets – So you don’t end up spending more than you should.

At a glance:

  • Have direct accountability of revenue and expenses through reporting
  • Reach goals quicker with estimating tools that provide income and expense reporting by prospective jobs
  • Track budget versus actuals and stop over- spend before it’s an issue

Account Schedules

Use account schedules to define row and column structures, conduct analysis in-page or on screen, and export to Excel to analyse and compare general ledger entries to budget.

At a glance:

  • Easily create your own key performance indicators
  • Use account schedules to generate charts and graphs on your home page
  • Calculate profit margins on departments, product lines, or customer groups

Finances in summary

Check out this video to learn more about financials in Dynamics 365

More to come next week!

We’ll be taking a break from the modules of Dynamics 365 next week, to look at the very exciting AppSource. In the meantime do you have any questions about Dynamics 365? Tweet us, pop your question in the comments section below, or fill in our online contact form.