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
