Dynamics 365 for Financials - The Bookkeeper
Updated: Jan 21
Dynamics 365 for Financials handles the day-to-day financials of a smaller business. They are involved with creating invoice, paying bills, and balancing the bank statements.
Step # 1 - Pay Bills
Search Payment Journals
Open General Journal
Choose Suggest Vendor Payments
Enter Posting Date
Document No
Account Type (Vendor)
Bank Account
Payment Code (Check)
Enter Amount ($100)
Choose Balancing Account No
Preview Check
EFT
Apply Entires ID
Post
Step # 2 - Create Invoices & Apply Customer Payment
Select Home | Sales | Sales Invoices
Select + new
Enter Header
Enter Line Item
Post
Select Home | Finance | Cash Receipt
Select General
Enter Posting Date & Document Type
Doc # is auto-generated
Select Account Type & Number
Select Apply Entries ID
Enter Balancing Account
Post
Step # 3 - Balance Bank Accounts
Step # 4 - Enter Recurring Journal Entries Scenario - set up a recurring journal entry for rent. Save time.
Search Recurring
Enter Fixed
Frequency 1M (for every month)
Document Type = Payment
Document No = Rent %3 (for every month) Note, Rent %2 for every week, Rent %1 for every day
Account Type = Vendor
Account No = Select Vendor
Click Allocated Amount to adjust allocations by account and %
Post
Navigate | Ledger Entries
Dynamics 365 for Financials handles the day-to-day financials of a smaller business. They are involved with creating invoices, paying bills, and balancing the bank statements.
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