DYNAMICS 365 FINANCE AND OPERATIONS FEATURES
With accounts payable, you can now manage prepayment as well. Whether or not you’re using the journalizing customer-vendor settlement transactions functionality, you can use the prepayment invoice functionality. You can submit the invoices from the vendors manually or electronically. Once you receive the invoices, approve them, review or record them. Using invoice matching, vendor invoice policies, and workflow, you may automatically automate the review process to authorize invoices that meet certain criteria. At the same time, the remainder is flagged for review by an authorized person.
This feature allows you to determine which budget control documents are budget checked using a query-based filter option for each document included in budget control. Organizations’ financial resources are easy to plan, measure, and control throughout the fiscal year as you have all the controls in place.
Also, after budgets have been approved in the system, budget plans can be used to generate budget register entries to record an organization’s expenditure budget.
Fixed assets are now easy to manage with acquisition information, then depreciate and calculate using a capitalization threshold. You can see the current value of all fixed assets when you use the General ledger and Fixed assets together. Fixed assets should be managed following international accounting standards and each country’s/accounting region’s regulations.
Rules for recording acquisition and disposal transactions, depreciation, lifespan, and write-ups and write-downs of fixed assets are all possible requirements. Many of these standards and guidelines are a part of the Fixed Assets functionality.
With all the other functionalities of the general ledger, you can now also Unmark all ledger transactions within the ledger settlement. You can distribute monetary amounts to one or more accounts or account and dimension combinations based on allocation criteria. Fixed and variable allocations are the two types of allocations. You can also revalue currency amounts and settle transactions between ledger accounts. You must generate closing transactions and prepare your accounts for the next fiscal year at the end of a fiscal year.
Integrate your tax calculations with the vendor invoice and general journal to automate the tax process. You may automatically determine the correct sales tax group, item sales tax group, and tax codes with tax computation through an upgraded determination process.
It also supports several tax registration numbers in a single legal company and automatically determines the relevant tax registration number for taxable transactions.
You can build adjustable tax computation algorithms and circumstances for your specific business needs.
