Dynamics 365 for Financials includes a standard configuration of most financial processes, but you can change the configuration to suit your business. For more information, see Setting Up Finance.
The default configuration includes a chart of accounts and standard posting groups that make the process of assigning default general ledger posting accounts to customers, vendors, and items more efficient.
The following table describes a sequence of tasks, with links to the topics that describe them.
| To | See |
|---|---|
| Apply incoming payments, reconcile bank accounts during payment application, and collect outstanding balances. | Managing Receivables |
| Make payments, apply outgoing payments, and work with checks. | Managing Payables |
| Reconcile bank accounts and transfer funds between bank accounts. | Managing Bank Accounts |
| Understand the general ledger and the chart of accounts. | The General Ledger and the Chart of Accounts |
| Add dimensions for richer business intelligence. | Dimensions |
| Use account schedules to get detailed insights into your financial data. | Account Schedules |
| Recognize revenues and expenses in other periods than when the transactions were posted. | How to: Defer Revenues and Expenses |
| Import salary transactions from your payroll provider into the general ledger. | How to: Import Payroll Transactions |
| Open a fiscal year. | How to: Open a New Fiscal Year |
| Prepare to close a fiscal year or period. | Closing Years and Periods |
| Organize your fixed assets, ensure correct periodic depreciation, and keep track of maintenance costs. | Fixed Assets |
| Monitor the flow of cash in and out of your business. | Analyzing Cash Flows in Your Company |
| Canada: Set up and use GIFI codes for financial reporting. | How to: Work With GIFI Codes in Canada |