Search icon CANCEL
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Conferences
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Microsoft Dynamics 365 Enterprise Edition - Financial Management

You're reading from   Microsoft Dynamics 365 Enterprise Edition - Financial Management Maximize your business productivity through modern financial management in Dynamics 365

Arrow left icon
Product type Paperback
Published in Mar 2018
Publisher Packt
ISBN-13 9781788839297
Length 562 pages
Edition 3rd Edition
Arrow right icon
Author (1):
Arrow left icon
Mohamed Aamer Ala El Din Mohamed Aamer Ala El Din
Author Profile Icon Mohamed Aamer Ala El Din
Mohamed Aamer Ala El Din
Arrow right icon
View More author details
Toc

Table of Contents (18) Chapters Close

Preface 1. Getting Started with Microsoft Dynamics 365 for Finance and Operations 2. Understanding the General Ledger FREE CHAPTER 3. Exploring Financial Dimensions 4. Understanding Sales Tax 5. Working with Currencies 6. Understanding Accounts Payable Basics and Controls 7. Exploring Accounts Payable Transactions 8. Understanding Accounts Receivable 9. Understanding Cash and Bank Management 10. Functioning of Cash Flow Management 11. Exploring Budgeting 12. Working with Intercompany Accounting 13. Working with Consolidation and Elimination 14. Working with Cost Management 15. Exploring Fixed Assets 16. Exploring Financial Reporting and Analysis 17. Other Books You May Enjoy

Understanding shared financial data

Since the previous version of Microsoft Dynamics 365 for Finance and Operations, Microsoft has introduced a new concept called shared financial data, which reduces the effort and time of deployment in a multiple-company environment and operational maintenance. A group of companies can share the same chart of accounts, currencies, and dimensions—this decreases the operation time. For example, a new main account will be available to all companies. The following figure explains the concept of shared financial data in detail:

 

The financial data that will be shared between the companies is as follows:

  • Chart of accounts (COA): This contains the main account, the COA could be one shared COA between all legal entities, or a COA for one legal entity or group of legal entities. This is all dependent on customer requirements, and the...
You have been reading a chapter from
Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
Published in: Mar 2018
Publisher: Packt
ISBN-13: 9781788839297
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at €18.99/month. Cancel anytime