Controlling cash and bank management

Microsoft Dynamics 365 for Finance and Operations offers five main controls over bank and cash management. It is one of the key objectives of ERP that it controls in order to make the most of having an ERP application in place. These control functionalities should be highlighted to the process owners to be utilized efficiently.

Microsoft Dynamics 365 for Finance and Operations emphasizes control, as well as new business functionalities. Some of these controls were introduced prior Microsoft Dynamics 365 for Finance and Operations. Some Microsoft Dynamics 365 for Finance and Operations cash and bank controls are shown in the following diagram:

The controls shown in the preceding diagram are defined as follows:

• Credit limit: This allows for credit limit control on the bank account
• Date activation: This detects activation dates control
• Status activation: This detects the activation status on bank transactions
• General ledger reconciliation: This assigns one ledger...