Controlling the general ledger

In the following section, we will discuss the major control point of the general ledger module. Focusing on two perspectives, the first is controlling the main accounts, and the second is general ledger parameters. These controls gives the controller the ability to have an oversight of the execution of daily transactions.  

Controlling the main accounts

As seen in the following figure, Microsoft Dynamics 365 for Finance and Operations offers three main groups of controls over the main accounts. The first is specific to debit and credit controls, the second to account administration, and the third to posting validation:

Debit/credit controls

The debit/credit controls group is divided into three subgroups: the first is debit/credit default, the second is debit/credit requirements, and the third is balance control.

Debit/credit default

Every main account has a normal accounting side, be it debit or credit. The financial controller can prefer to let Microsoft Dynamics...