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.
|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|