Author: Namith Hosmane
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Wanted to share the recent implementation experience of D365 for one of our clients in the telecom industry. The project management and accounting module in D365 provides that capability to manage capital projects from recording the project expense\spends to converting them to fixed asset or eliminating them to ledger\project In this part of my blog…
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There is often a confusion in every new implementation about the design and approach to configure the chart. It merely depends on the nature and size of the business. The small retail company may need simple chart but services company which has global presence may need more complex design. Here are some common best practices…
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Did you know how payment works in D365 Commerce for an online channel or eCommerce website? Check out this blog for more understanding. Before we deep dive, here are some of key terminologies in general to understand about different components & parties involved in the payment flow. Key Terminologies: Merchant account: The merchant accounts are…
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I am excited to share my new blog series on D365 finance. The knowledge that I gained over the years of my consulting experience in Microsoft Dynamics. Overview: Dynamics 365 finance is modern business solution from Microsoft that offers unified finance capabilities to efficiently manage finance back office operations. An AI driven, real time embedded…
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Fixed asset in general: Fixed assets are the long term assets which is owned by the company and are used to produce goods or services. For example Plant and machinery, Land and buildings, Computers etc. The FA life cycle involves acquisition, depreciation, write down, write up and scrap or sale of an asset. Fixed asset in…
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Cash and bank management in general: A cash and bank management is a method of effectively tracking cash inflows and outflows to meet the payment obligations, plan the future payments, and maintain adequate business stability. Usually treasury or cash application team in companies manage cash and bank. The high level process involves maintaining bank accounts…
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Accounts Receivable in general: Accounts receivable is an asset to an organization which means the customer owes money to the company for the services or the products sold on credit. Accounts receivable operations on the high level involves customer invoicing, payments and effectively tracking and following up on outstanding invoices. Accounts Receivable in D365 finance?…
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Accounts payable in general: Accounts payable is a liability which company owes to vendors for the services or goods provided. Accounts payable operations on the high level involves recording of invoices to making vendor payments timely and accurately. Accounts payable in D365 Finance: Accounts payable in D365 finance provides all the capabilities from recording invoices…
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General ledger in general: General ledger is a master repository of all the financial transactions of the business. This includes the transactions recording in different subledgers like Accounts payable, Accounts receivable, Fixed assets, Project management etc. General Ledger module in D365 finance? General ledger in D365 finance is beyond just recording the financial transactions. General…
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Imagine an organization with 20+ entities maintaining 50 or more bank accounts with different currencies. How cumbersome it is to revaluate every bank account to reflect the balances accurately from time to time in an ERP application for key decision making? D365 for finance now provides ability to revaluate bank balances for multiples banks of…
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