The year-end close process is a cumbersome, multi-step task that ensures an organization can provide accurate annual reports and financial statements for its stakeholders. It’s critical to get it right, but the process can be intimidating and overwhelming. Trying to balance the workload among overstressed accounting staff can result in errors, multiple manual adjustments, and pressure on the finance department.
Change is constant. Today most organizations are experiencing challenges and making plans that they did not anticipate. In times like these, organizations do not have time to worry about reacting to changes in accounting regulations, yet they cannot risk leaving them unaddressed. A core tenant of Dynamics 365 Finance is to enable you to reduce risk, and to automate and modernize your global
Fixed asset has two types of disposal transaction disposal sale, or disposal scrap. In this post I will focus on the disposal sale, this is accounting treatment in case of the company decided to sell a building, which is a fixed asset. The asset disposal sale transaction is executed from a customer free text invoice.
Enterprises may have subsidiaries in multi countries, in that scenario you can utilize the multi-language capabilities in Microsoft Dynamics AX. This enables translation of the client interface, including menus and data translation. In this blog post I will focus on translation of the shared chart of account functionality, this enables translation of the client interface,
There are general ledger transactions posted in correspondence to inventory financial transactions, these transactions may relate to the financial updates of purchase orders and/or sales orders. Inventory transactions posted to general ledger are configured by inventory model groups. In this post I will focus particularly on the post financial inventory option in relation with purchase
There are general ledger transactions posted in correspondence to inventory financial transactions, these transactions may relate to the financial updates of purchase orders and/or sales orders. Inventory transactions posted to general ledger are configured by inventory model groups. In this post I will focus particularly on the post financial inventory option in relation with sales
Recently I shared a post explaining how to consolidate intercompany vendor invoices. In this post I will cover how to consolidate intercompany customer invoice. In order to achieve the consolidation of intercompany customer invoices the default summary update for the customer should be activated for intercompany customer account, otherwise the arrange function will not be
The intercompany transactions are frequently used between sister companies; at the end of the trading cycle the invoicing should take place. Let us assume that there is trading relation between two sister companies, in daily business practice company A sells goods to its sister company B. The invoices relation could be one invoice for one
I had published a blog post earlier this month which covered the process of how to produce an item at time of sales order. In this post I will cover another scenario where there is residual stock of bagged item in the warehouse, and there is a requirement to produce the difference from a production order.
This content covers a business scenario of producing a sellable item at the time of sales order creation. This is a common practice in some companies where they sell a finished product, but do not keep any stock of it in the warehouse. In other words the finished product will be produced on demand. The
This post offers some tips on resolving an issue where the Customer or Vendor list is not populating expected results. Ensure that the user is not a member of specific external roles; Go to System administration| Common| Users| Users. Select the user you want to modify the security groups on, and click Edit in the ribbon.
In this blog post I will cover the required setups to allow Microsoft Dynamics AX 2012 to generate the accrual entry for procurement category purchases. Go to Procurement and sourcing| Setup| Policy| Purchasing policy (select or create policy) Select Category policy rule under Policy rule type. In the policy rules pane click Create policy