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

Please visit https://docs.microsoft.com/en-us/dynamics365/financials/ for the complete information!