Boost your accounting and financial skills with Microsoft Dynamics 365
Key Features
- Make real-time data-driven decisions for your enterprise with Microsoft Dynamics 365 Enterprise edition
- Configure and set up the Microsoft Dynamics 365 financial module via highly useful tips and tricks
- Administer customer relations and plan enterprise resources with this systematic guide
Book Description
Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package in the ERP market.
We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting.
By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
What you will learn
- Examine the business logic behind the financial functionalities of Microsoft Dynamics 365 FFO
- Set up and configure the core modules of financial management
- Grasp the key control points of financial management
- Explore intercompany and consolidation in Microsoft Dynamics 365 FFO
- Understand multi-currency sales, tax mechanisms, and budgeting capabilities in Microsoft Dynamics 365 FFO
- Get to grips with month/year-end period close functionality
- Understand the account payable and receivable module
- Use Microsoft Dynamics 365 to create financial reports
Who This Book Is For
This book is for application consultants, solution architects, controllers, CFOs, pre-sales and other professionals who are involved in a Microsoft Dynamics 365 for finance and operation implementation. Basic knowledge of financial terms, concepts, and terminologies is required.
Table of Contents
- Getting Started with Microsoft Dynamics 365 for Finance and Operations
- Understanding The General Ledger
- Exploring Financial Dimensions
- Understanding Sales tax
- Working with Currencies
- Understanding Accounts Payable basics and controls
- Exploring accounts payable transactions
- Understanding Accounts Receivable
- Understanding Cash and Bank Management
- Functioning of Cash Flow Management
- Exploring Budgeting
- Working with Intercompany accounting
- Working with consolidation
- Working with Cost Management
- Exploring Fixed Assets
- Exploring Financial Reporting and Analysis
Mohamed Aamer is a Microsoft Dynamics AX Support Engineer for the EMEA region with Microsoft, Egypt. In 2013, he was awarded Microsoft Dynamics AX MVP, and he was the first AX MVP in the Middle East and Africa. His main focus is on implementing Microsoft Dynamics AX to fit customers' needs. He uses his time to help and support Microsoft partners to answer their complex questions and tackle obstacles they might face; he understands customer business cycles and solves customer business problems through a combination of business process reengineering and utilization of Microsoft Dynamics AX functionalities. He is a Microsoft Certified Professional (MCP) specialized in financial management and supply chain management. In addition to this, he has been a Microsoft Certified Trainer (MCT) for 5 years. Mohamed has varied consultation experience in dealing with Microsoft Golden Partners and Microsoft customers. He has worked as a consultant in many industries, such as retail fashion, retail electronics, cement manufacturing, trading, and ready mix. He has carried out multiple implementations of Microsoft Dynamics Retail Management System and Microsoft Dynamics AX in numerous capacities, such as project manager, solutions architect, and lead consultant. His consulting skills are complemented by his business, management, and interpersonal skills. He delivers evangelizing sessions to Microsoft Student Partners (MSPs) to introduce Microsoft Dynamics AX and Microsoft Dynamics Sure Step to them. He has obtained other badges from Microsoft, such as Microsoft Community Contributor (MCC) and Microsoft Dynamics Community Expert. Mohamed authored Microsoft Dynamics 2012 Financial Management and reviewed Customer Success with Microsoft Dynamics Sure Step, both by Packt Publishing. When not working on complex business processes, he attends live Sufi shows and music concerts.
