Standard Assisted Setup Review of Configurations In my last blog, Assisted Company Setup in Dynamics 365, I reviewed the prompts involved in creating a new Dynamics 365 for Financials Company using the standard assisted setup tools. This blog will outline some of the many configurations that are set up automatically. Chart of Accounts Dynamics 365 for Financials creates a standardized Chart of Accounts when using the standard assisted setups. This can save tons of time in getting Dynamics 365 for Financials up and running. Keep in mind that you can add and remove G/L Accounts as needed. Setup Pages Standard Companies in Dynamics 365 for Financials are created with numerous preconfigured setups. Again, this gets you up and running … [Read more...] about Configure New Company in Dynamics 365
Assisted Company Setup in Dynamics 365
As discussed in my previous blog, when you create a new company and use the assisted company setup tool’s Standard Setup option, you get a lot of preconfigured data. This blog walks through using the assisted setup tools and reviews the configurations that are set up automatically.Keep in mind that Microsoft is updating Dynamics 365 for Financials regularly, so the content of this blog might become dated. I am writing this blog in February 2017 using Dynamics 365 for Financials in North America. Walkthrough:Create a new Dynamics 365 for Financials Company using the Enable Assisted Company Setup option (for instructions see How to Set Up a New Company in Dynamics 365 for Financials). I set up the following Company:Log into the … [Read more...] about Assisted Company Setup in Dynamics 365
Set Up New Company in Dynamics 365
Follow these five steps to set up a new company in Dynamics 365 for Financials:After logging into your Dynamics 365 for Financials instance, search for and open the Companies page. Click the New button on the Ribbon. Assign a Name to the new Company. Note: After you specify the Name, Dynamics 365 for Financials will take a while to create the new Company. Assign a Display Name to the new Company. Specify if you want to use the Enable Assisted Company Setup tools. See the notes below for information about how to use this field.After opening the Companies page, you'll see the following:Enable Assisted Company Setup Options You have two options within this tool:Option 1 — Blank: If you leave this field blank, the company … [Read more...] about Set Up New Company in Dynamics 365
Vendor Expenses in Dynamics 365
There are a couple of options for recording vendor expenses in Dynamics 365 for Financials: (1) use Journals or (2) use Purchase Invoices along with Service Items. That said, I think only the Purchase Journal method makes sense. I'll clarify why below. Option 1 — Use Journals This is by far my preferred method because it's simpler and requires less initial setup. The basic steps are as follows: (1) open the Purchase Journal, (2) set up your journal lines and (3) run the Post function. CRONUS US Example Basic Scenario: Record a $2,500 rent invoice payable to AR Day Property ManagementMore Scenario Info:Rent Expense GL Account = 60100 AR Day Property Management's Vendor = 20000 The AR Day Property Management Vendor is configured to … [Read more...] about Vendor Expenses in Dynamics 365
Microsoft unveils specifics of Dynamics 365
Microsoft Senior Director Angela Bandlow gives an interview on Dynamics 365, which is expected to release Nov. 1.Touted by Microsoft as the “next generation of intelligent business applications,” Dynamics 365 is set to release Nov. 1. The company’s latest offering combines features of enterprise resource planning (ERP) and customer relationship management (CRM) software into one cloud-based offering.What exactly does that mean?Microsoft has been notably quiet on specifics of its new product, giving the public teasers throughout the summer. The company finally released a “first look” of Dynamics 365 at Summit 2016 last week, offering live demos for those in attendance.Some details are still a mystery and will be until partners get to … [Read more...] about Microsoft unveils specifics of Dynamics 365
