Category: General ledger
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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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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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As the world getting automated, AI enabled and using machine learning capabilities for complex business operations to make it easier and efficient. We often ignore to explore and advance some of the simple business operation by using existing technology. In a finance process improvements initiative, we usually talk about automating the O2C, P2P processes but…
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Many of us still wonder why ledger settlements functionality is used and the valid business scenario? What is newly introduced advance ledger settlement functionality? And wonder why Microsoft has been investing in enhancing the ledger settlement feature and what’s coming next? Have a read through the below article to witness the answers for all the…
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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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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…
Namith Hosmane's Blog 