Microsoft Dynamics 365 General Ledger-Create Main Account
Create a Main Account To create a Main Account, go to General Ledger > Chart of Accounts >Accounts > Main Accounts. Click New in action pane, a new main account opening form will be opened. Assign a Serial Number/Account Code in Main Account Field….
Microsoft Dynamics 365 Cash & Bank Management – Bank Account Reconciliation
Bank Account Reconciliation: When you receive a bank statement, you should periodically reconcile legal entity bank transactions with the transactions on the bank statement. You cannot reconcile a bank statement with a bank account if any of the checks or deposit slip payments that are…
Microsoft Dynamics 365 Cash & Bank Management – Create Deposit Slips
Create Deposit Slips: Deposit Slips view and maintain deposit slips for payments into your bank accounts. To create a Deposit Slip against a Payment receipt user will Go to>Accounts Receivable>Payments>Customer Payment Journal Create a New Payment Journal and open “Lines” Enter the Customer information, Amount…
Microsoft Dynamics 365 Cash & Bank Management – Reverse Check Payment
Reverse Check Payment: Navigate to Cash & Bank Management>Payment Reversals>Checks Open Checks form and choose a Check to void. Enter the reversal reason and Date, Enable the Reconcile button if user want to include reversal in Bank reconciliation. At the end Click Ok.
Microsoft Dynamics 365 General Ledger-Create a Journal
Create a Journal: Journals are used to record voucher transactions to be posted to the general ledger. Navigate to General ledger> Journal Setup> Journal names. Click new to create a new journal. Enter the highlighted information: – Journal name – Description – Journal type –…
Microsoft Dynamics 365 Finance –Accounts Payable Vendor & Posting Profiles
Accounts Payable: Create a Vendor Group: Use vendor groups to set up certain information that always defaults when you enter a new vendor. For example, use the vendor group to set up automatic posting to General Ledger accounts for consumption generated by vendor transactions. In…
Microsoft Dynamics 365 Cash & Bank Management – Create a Bank Account
Create a Bank Account: Bank accounts are common in Cash & Bank Management module. User may create default Bank accounts for Customers & Vendors in Accounts Receivable & Accounts Payable To create a Bank Account, go to Cash & Bank Management > Bank Accounts >Bank…
Microsoft Dynamics 365 Finance –Accounts Receivable Customer Postdated Checks
Customer Postdated Checks: Most of the time many businesses receive payments from customers in the form of checks. Some of the checks needs to be settled or matured at some future dates. Dynamics Fin&Ops provides the functionality to record such transactions using Postdated Checks functionality…
Microsoft Dynamics 365 Finance –Accounts Receivable Customer Payment Receipts
Customer Payment Receipts: Customer payments are usually settled using Customer Payment Journal in the Accounts Receivable Module. To settle a Customer outstanding Invoice, Go to>Account Receivable>Payments>Customer Payment Journal Click new to create a new payment journal, Choose journal from the dropdown. Choose the newly…
Microsoft Dynamics 365 Cash & Bank Management – Create and Delete Checks
Create and delete Checks: Dynamics Finance & Operations allows to configure two types of Checks in Cash & Bank Management module: 1- Free (In this method system allows to create checks without any prior check creation) 2- Fixed (In this method checks are generated prior…
