How to manage accounts payable in Dynamics 365 for Finance and Operations

Every company pays its suppliers. If the pipe of invoices is long, it might be tricky to manage payments efficiently. Modern software can make this process much more efficient and accurate. This post is about accounts payable. I’ll show you how accounts payable can be managed in Dynamics 365 for Finance and Operations (D365FO).

Most functions described in this post are also applicable to Dynamics AX 2012 (AX2012).

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Sales prices in Dynamics 365 for Finance and Operations

Sales in a competitive market is the driving force of a company. One of the critical factors influencing sales volume is sales price. Dynamics 365 for Finance and Operation (D365FO) has a very strong functionality to manage sales pricing in a very flexible way. In this blog post, I cover a lot of available options in D365FO related to sales prices.

This post is also applicable for Dynamics AX 2012 (AX2012).

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The story of a remote Dynamics AX consultant

In the beginning of 2017 I got an opportunity to work for an overseas company. I was to visit the client, but the majority of work would be done remotely. As it turned out, the job was 100% telecommute, and I never saw the people I worked for in person. The only available communication channels were emails, chat, and Skype calls.

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Standard direct labor cost in Dynamics 365 for Finance and Operations

This blog post is about the standard costing functionality of Dynamics 365 for Finance and Operations (D365FO) which applies to direct labor costs. This functionality can be beneficial for labor-intensive companies as it allows for strict control of the cost for direct labor employees. By following this guide, you’ll understand the key point about standard direct labor cost setup in D365FO.

This post is also applicable for Dynamics AX 2012.

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How to set up standard costs for direct materials in Dynamics 365 for Finance and Operations

Microsoft Dynamics 365 for Finance and Operations (D365FO) offers a great functionality which helps to control manufacturing costs. This functionality is standard costing. In this post, I’ll guide you through the key points needed to set up standard costing for direct materials.

The guide for AX 2012 is available here.

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How sales work in Dynamics 365 for Finance and Operations

Are you interested in knowing more about Dynamics 365 for Finance and Operations? Have a look at the process of sales which can be handled by the system. In this blog post I walk you through the key steps of a sale managed in D365FO and show you the benefits that automation can bring to the company.

This post is also applicable for Dynamics AX 2012 (aka AX2012).

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What is CMA certification for MS Dynamics AX consultant?

I’m a consultant and my job is to help companies to get the best from Microsoft Dynamics software. I primarily work with finance departments. Recently I became a Certified Management Accountant (aka CMA), which means that the Institute of Management Accountants confirmed that I have expertise in finance, analysis, control, and decision support. Although it was difficult, time consuming, and expensive to achieve, I want to tell you about the advantages I got by achieving CMA credentials. Continue reading “What is CMA certification for MS Dynamics AX consultant?” →

What you should know about ledger in Dynamics 365 for Finance and Operations

This post is about the key points of Dynamics 365 for Finance and Operations (aka D365FO) ledger functionality. It can be very beneficial to have this knowledge to better understand what is going on under the hood of D365FO. This knowledge helps to solve potential issue you can have with the ledger, such as traceability of the entry to figure out why the entry was created, or resolving inconsistency between ledger and module records.

This post is also applicable for Dynamics AX 2012 (aka AX2012).

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How to collect financial data by sites in Dynamics 365 for Finance and Operations

Let’s say you work for a company that has a few sites. The company uses MS Dynamics 365 for Finance and Operations (aka D365FO). The chief financial officer of the company has a requirement to collect costs of goods sold (aka COGS) and revenues by sites of the company. It is needed to report margin individually for each site. You are in charge of resolving this request. In this blog post I will show you how the requirement can be met.

This post is also applicable to MS Dynamics AX 2012 (aka AX 2012, or DAX 2012).

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Financial dimension values flow in D365FO. Materials and batch order example

MS Dynamics 365 for Finance and Operations (aka D365FO) offers a very strong financial functionality. A company can collect financial data in different dimensions. For example collecting data for overhead expenses and adding a cost center for every ledger entry.

D365FO allows setting default values for different master records like products, vendors, customers, and so on. As an example, a cost center can be set on all finished goods items and materials consumed. These values go to the ledger by default.

In this post, I will show you how the default values go to the ledger. I use D365FO batch order functionality to demonstrate how it works. Continue reading “Financial dimension values flow in D365FO. Materials and batch order example” →

Finance function

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Tag: D365FO