Author: Namith Hosmane
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The accounts payable process begins when the invoice is received by the AP department. Invoices can arrive through many different methods, including electronically through email, fax, snail mail, inter-office deliveries, or maybe a colleague dropping paperwork in an inbox or on AP clerk desk. When AP processes are not centralized, handling and processing each new…
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Introduction: We all know how Microsoft flow has been popular with its ability to automate business processes through trigger and action based system. In this blog, I will talk about how Microsoft flow can be used to create recurring journals in Dynamics 365 fin & ops, and send email to relevant stakeholders for review, approval…
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Lately I have been working on some of the challenging data migration activities and wanted to share my experience using data management module with “Journal” entities (when I say journal entity it is General journal, Payment journals, Fixed asset journal etc…). In this blog, I will highlight the best way to use journal entities for optimizing the data…
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Accounts receivable (AR) and Accounts payable (AP) reconciliation is apparently a vital step in the month\year end closing process. Auditors may trace transactions from a sub ledge to the general ledger and from there to the financial statements, to ensure that transactions are being recorded properly in the accounting system. This blog provides the tips…
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About Fixed asset roll forward report Fixed asset roll forward report is a schedule showing the opening balance, additions, write up\write downs, accumulated depreciation, transfers, disposal and ending balance for a given period. Generally, the roll forward report is used for period close process to analyze the summarized information about the fixed asset movements. Such…
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The October release (Update 8.1) of Microsoft Dynamics 365 for Finance and Operations made significant improvements with lot of new features and functionalities added in Financial management modules. ‘Dual currency’ concept is one of them to track all sub-ledger transactions in reporting currency, this has given the real purpose to the reporting currency by not…
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Most companies want to automate their vendor disbursement process through electronic payments, Automated clearing house(ACH) helps the organization to be safer, cost effective and more convenient than traditional paper checks. This blog will focus on ACH setup to process accounts payable electronic payments by using the out of the box NACHA(US) format in Dynamics 365…
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Happy New Year to All! Here is my first post of 2018 on Advance Bank Reconciliation INTRODUCTION Advanced Bank Reconciliation feature introduced in AX 2012 facilitates automatic bank reconciliation by importing the bank statements and reconcile them with bank transactions posted in AX. This feature is being used extensive and most popular across all the…
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In my previous post I explained about the basics of Budget planning with key elements and configurations. In this post, will discuss the advanced topics of budget planning with the business scenario. **It is important to review my previous post for the better understanding of the topics discussed in this post. Scenario: Company ABC is…
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INTRODUCTION: Budget planning is decisive in any organization to plan the future income and expenditures in different elements of business operations. Dynamics 365 for Finance and Operations brings in extensive features to plan your budgets in different models, Top down approach: Creating your budgets at the organization level and allocate to a department or lower…
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