What is new in Dynamics 365 Finance & Operations? (August 2019)

With the latest version of D365 Finance & Operations due to come out in the following months, the new features that will be included are currently available due for the early release of Version 10.0.5.

Revenue Recognition

Allowing users to better define revenue prices and revenue schedules, for a wide range of software, hardware, subscription and support sales.

• Revenue prices can be defined on products which help to allow users to determine the revenue for their products. This revenue price will differ from the sale prices and is important to know.
• Revenue Schedules help to determine the time allocated for your revenue deferral, with the ability to create a schedule based on days of the month, or whether you need to set it based on certain occurrences, Microsoft Dynamics Finance & Operations 10.0.5 have improved the ability to do so.
• There has been a workspace update which is used to review the status of all the revenues, which helps to organise and create for schedules for deferred revenue
• Upgraded Reallocation which helps by improving the ability to recalculate revenue after sales orders.

Cancel Bank Reconciliation

With the latest update, Microsoft Dynamics has given users the ability to cancel their reconciliations with a more improved way. They are allowing them to cancel their bank reconciliations in order from the most recent. By improving the system and allowing for history to be tracked with more accuracy, users can ensure that they will be able to reverse any errors to ensure that they can match their journals with improved accuracy. 

Cash Control for the Public Sector

Cash Control, is helping to define a more definite limit, which prevents transactions if there is insufficient cash balance, or if the action will make the balance fall under the desired limit. So if there is a transaction that would cause this to happen, the user will receive an error message to inform them, and can only continue if the account limit or balance is adjusted.

Deferred Functionality for Manufacturing

With the Deferred processing functionality, warehouse workers will be able to continue to focus on other tasks, as they will be able to have PUT operations are processed in the background. Deferred processing can be very helpful for an organisation, it helps by allowing workers to continue to move onto new tasks, while they know they can process previous tasks. It can also help in situations when there are increases in processing times or if there is an ad-hoc requirement which could affect the staff’s time and productivity.

Apart from the above, the usual bug fixes will be included in Microsoft Dynamics 365 Finance & Operations 10.0.5. As well as the platform update 29. Are you considering implementing Microsoft Dynamics 365 for Finance and Operations? Click HERE for D365 Finance & Operations Trial & Dynamics 365 offerings plans.