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Aamer Ala El Din - Microsoft Dynamics 365 Enterprise Edition - Financial Management

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Boost your accounting and financial skills with Microsoft Dynamics 365 About This Book 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 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. 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 In Detail 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, youll be taken through the general ledger and financial dimension functions. Youll 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. Style and approach This book is a step-by-step guide focusing on implementing Dynamics 365 financial management for your organization. ...

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Microsoft Dynamics 365 Enterprise Edition Financial Management Third Edition - photo 1
Microsoft Dynamics 365 Enterprise Edition Financial Management
Third Edition
Maximize your business productivity through modern financial management in Dynamics 365
Mohamed Aamer

BIRMINGHAM - MUMBAI Microsoft Dynamics 365 Enterprise Edition Financial - photo 2

BIRMINGHAM - MUMBAI
Microsoft Dynamics 365 Enterprise Edition Financial ManagementThird Edition

Copyright 2018 Packt Publishing

All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.

Every effort has been made in the preparation of this book to ensure the accuracy of the information presented. However, the information contained in this book is sold without warranty, either express or implied. Neither the author, nor Packt Publishing or its dealers and distributors, will be held liable for any damages caused or alleged to have been caused directly or indirectly by this book.

Packt Publishing has endeavored to provide trademark information about all of the companies and products mentioned in this book by the appropriate use of capitals. However, Packt Publishing cannot guarantee the accuracy of this information.

Commissioning Editor: Richa Tripathi
Acquisition Editor: Denim Pinto
Content Development Editor: Vikas Tiwari
Technical Editor: Madhunikita Sunil Chindarkar
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Indexer: Tejal Daruwale Soni
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First published: November 2013
Second edition: February 2015
Third edition: March 2018

Production reference: 1210318

Published by Packt Publishing Ltd.
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ISBN 978-1-78883-929-7

www.packtpub.com

My sincere thanks go to all the people who directly/indirectly taught, guided, supported, and advised me to build my personal profile.
I dedicate this book to the memory of my father, and my uncle, Hamza; both of them invested the seeds of concepts and beliefs in my brother and me, and now we are harvesting the fruits of it. I also dedicate this book to my older brother, Ramy, and my mother for their support and prayers. I would also like to thank my lovely wife, Fatema, who has given up so much of our personal life during the development of my career.
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Contributors
About the author

Mohamed Aamer is a Escalation Engineer at Microsoft. In 2013, he was awarded AX MVP. He uses his time to support Microsoft premier customers and partners and is engaged in escalations. He is a Microsoft MCP and MCT. He has varied consultation experience in dealing with Microsoft partners and customers. He has carried out multiple implementations of AX in numerous capacities, such as solutions architect and lead consultant. Also, he achieved a top speaker award for Microsoft TechReady. He is a an author.

My sincere gratitude to people who have helped me in my career. Special thanks to Shaimaa Farid, Ashraf Abusen, Ashraf Ali, Mohamed Samy, Ahmed Kazem, Chandru Shankar, Jason Gumpert, Eva Del Pino, Arijit Basu, and Murray Fife. Also, I want to thank AX MVPs for their contribution to the community.
About the reviewer

Wendy Rijners is a consultant at Microsoft. Over the years, Wendy has worked for several customers who use Dynamics ERP solutions. Since 2011, she has been focused on retail, in combination with Dynamics AX, Dynamics 365 Finance and Operations, and Dynamics 365 Retail, and has been involved in multiple retail implementations.

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Preface

The essential foundation of the Enterprise Resource Planning (ERP) implementation is the financial part, which is considered the backbone of the implementation. The implementation team from the partner side and customer side should ensure that the financial module is well structured and designed. This book provides a broad guide to Microsoft Dynamics 365 for Finance and Operations financial management fundamentals for parties involved in the implementation project, with considerations of the business rationale behind functions, basic setups, configurations, transactions in action, and examples of real-life scenarios.

Who this book is for

This book is intended for application consultants, technical consultants, solution architects, in addition to controllers, CFOs, key users, and other professionals who are involved in the Microsoft Dynamics 365 for Finance and Operations implementation project. Basic knowledge of financial terms, concepts, and Microsoft Dynamics 365 for Finance and Operations terminology is required.

Each company has its unique business model, organizational policy, and requirements. This leads to unique challenges for ERP implementation. While going through this book, you may encounter recommendations, guidelines, and experiences I gained from my work experience; however, you may need to adopt the recommendations as per your requirements, based on the particular project size, timeline, business organization structure, and industry.

What this book covers

, Getting Started with Microsoft Dynamics 365 for Finance and Operations

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