Optimize Your Business’s Financial Management with Microsoft Dynamics 365 Business Central

Financial Management in Dynamics 365 Business Central is a solution that effortlessly connects financial transactions and data across various affiliate companies, multiple sites, and even global operations. It also handles essential functions and performs intricate tasks like managing different currencies.

It's not just about giving business leaders a platform to run operations; it provides in-depth insights into the business. These insights, delivered through comprehensive reports and analytics, guide crucial decisions and strategic endeavors. The Financial Management suite covers a range of essential functions, including managing cash flow, consolidating data, controlling credit, overseeing fixed assets, handling general ledger tasks, facilitating inter-company trade, ensuring liquidity, performing multi-dimensional analysis, managing purchase and sales ledgers, and more.

Key Features of Dynamics 365 Business Central for Financial Management

Sales Invoices and Credits

You can effortlessly create sales invoices and credits, allowing you to bill customers for non-stock activities like commissions and expenses. Similarly, it's possible to directly input purchase invoices for non-stock activities such as utility bills and phone charges. This process can begin as a non-stock Purchase Order. Later, a purchase invoice can complete the transaction.

Purchase Invoices

future periods. Financial Management in Dynamics 365 Business Central makes it easy with customizable templates. Purchases are valued upon receipt, gradually accruing as goods are received but have yet to be invoiced. Then, upon posting the sales shipment, the system automatically computes the cost of goods sold, with options for costing methods based on business preference.

General Ledger

The General Ledger (G/L) is the hub for various financial activities. It supports general journal features that enable transactions between different sub-ledgers. These include fixed asset ledger, G/L, sales ledger, cash book, or purchase ledger. D365 saves frequently used journal templates, and recurring journals simplify activities like monthly accruals and prepayments.

Every transaction with a financial impact—such as buying or selling stock, money transfers, or invoicing—is automatically recorded in the general ledger. Moreover, D365 meticulously tracks VAT information in a separate sub-ledger for future reporting. The G/L's account structure can accommodate numerous dimensions that provide detailed business analysis, such as cost centers, projects, employees, sales channels, and product types.

Cash Forecasting

A robust Cash Forecasting module, sourced from sales and purchase data within Dynamics 365 Business Central, assists in managing cash flow effectively. And here's a noteworthy feature: the integrated Jet Reports tool, seamlessly integrated with Microsoft Excel, empowers you to analyze this financial information comprehensively.

Fixed Assets Module

The Fixed Assets module completes the finance aspect and ensures meticulous tracking and management of assets, including multiple depreciation books with various methods. Lastly, Financial Management in Dynamics 365 Business Central supports and excels in multi-currency operations. It smoothly oversees multi-company operations, records realized and unrealized gains/losses and automates revaluation.

In a nutshell, Dynamics 365 Business Central is your ultimate ally in managing finances with finesse and ease, giving you the power to make informed decisions while ensuring the smooth flow of your entrepreneurial journey.

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