The Business Edition of Microsoft Dynamics 365 will have options for several modules* including:
- Financial Management Functionality (ERP)
- Sales/Customer Relationship Management (CRM)*
- Marketing/Customer Relationship Management (CRM)*
- Customer Service/Customer Relationship Management (CRM)*
*available Spring 2017
Microsoft Dynamics 365 Business Edition Financial Management functionality is part of the
General Ledger: Create your own chart of accounts relevant for your company. Map general ledger accounts to categories personalized to the structure of your financial statements.
• Reporting with the flexibility to meet both real-time and monthly financial needs
• Set up your G/L, including invoice posting details and actions like additional reporting currency
• Add categories and subcategories to general ledger accounts for easier reporting
Account Receivable: Apply incoming payments to related customer or vendor ledger entries and close the related sales invoices or purchase credit memos as paid. When all payments are applied, you can reconcile the bank account.
• Perform online reconciliation of bank transactions with bank feed integration
• Choose direct bank feed imports or automated feeds using Yodlee
• Update customer payments automatically based on data from bank information
Account Payables: Generate vendor payments prioritized by payment discounts and overdue penalties. Export payments directly to a bank file when posting.
• Take advantage of credit terms without missing discounts or incurring penalties
• Pay using purchasing cards, ACH transactions, or checks—including positive pay
Budgets: Improve your organization’s flexibility to develop, modify, and control budgets so you don’t get overextended.
• Focus business performance through better revenue and expense accountability
• Reach goals quicker with estimating tools that provide income and expense reporting by prospective jobs
• Track budget versus actuals and stop over-spend before it’s an issue
Account Schedules: Use account schedules to define row and column structures, conduct analysis in-page or on screen, and export to Excel to analyze and compare general ledger entries to budget.
• Easily create your own key performance indicators
• Use account schedules to generate charts and graphs on your home page
• Calculate profit margins on departments, product lines, or customer groups
Bank Reconciliation: Import a bank statement file or feed to quickly register payments. Automatically apply credits to open ledger entries.
• Get real-time bank information from your bank and credit card feeds
• Access accounts from thousands of financial institutions around the world using simplified Yodlee bank feeds
• Quickly identify differences with more frequent reconciliation
Cash Flow Forecast: Use cash flow forecasting to predict future cashflow needs and identify appropriate actions.
- Get an overview of the inflows and outflows of cash
- Create short-term forecasts to help control payments and accelerate collections
- Reduce the need to perform external estimating of your cash position
Check Writing: Generate printed checks with unique number series for each bank account.
- You can specify on the payment journal line whether you want this payment to be made with a computer or a manual check.
- Assists internal control by ensuring that the computer check is actually printed before posting the payment.
- Check printing comes with flexible user options like voiding a check, reprinting, using check forms with preprinted stubs, testing before printing and also a possibility to consolidate payments for a vendor into a single check.
Electronic Payment: Create payment proposals based on vendor documents and generate bank payment files in ISO20022/SEPA format.
Deferrals: Account for transactions in periods other than the period in which they were posted.
- Possibility to set up various deferral schedules through deferral templates, for example for accruals
- Assign the applicable deferral template to individual adjustment entries
Fixed Assets: Assets such as buildings, machinery and equipment can be accounted for.
- Insurance: Keep track of insurance coverage and annual insurance premiums for your fixed assets and easily determine whether your assets are under-insured or over-insured. You can attach each asset to one or more insurance policies and index insurance amounts.
- Maintenance : Record maintenance and service expenses for each fixed asset. Get the detailed information you need to analyze and make decisions about the renewal and disposal of fixed assets.
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Posted by iCepts Technology Group, Inc.