Learn step-by-step how to define a budget model in Microsoft Dynamics 365 Finance that aligns with financial dimensions and budget cycles, ensuring seamless budget control for your organization. Question The finance team at Contoso Ltd. is preparing for the upcoming fiscal year. They need to create a new budget model that will be used for …
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Learn the best method to split a large fixed asset into smaller assets using the Fixed Asset Reclassification Journal in Dynamics 365 Finance. Maintain accurate tracking and financial integrity effortlessly. Question A company is planning to split a large fixed asset into multiple smaller assets for better tracking and management. You need to execute the …
Learn how to evaluate and optimize budget planning workflows in Microsoft Dynamics 365 Finance to ensure alignment with corporate policies and enable flexible, department-specific adjustments. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their budgeting process across various departments. They have recently defined a new budget planning process that includes multiple …
Discover how the Global Inventory Accounting add-in in Microsoft Dynamics 365 Finance helps multinational corporations manage complex inventory structures and optimize cost management with multiple costing models. Question A multinational corporation is using Microsoft Dynamics 365 Finance and Operations to manage their inventory across different legal entities. They have a complex inventory structure with multiple …
Learn the two essential steps to ensure accurate foreign currency revaluation in Accounts Payable for multinational vendors using Microsoft Dynamics 365 Finance. Optimize exchange rate updates efficiently and avoid common pitfalls. Question A multinational corporation has multiple vendors across different countries and deals with various currencies. You need to ensure that the value of open …
Learn how to effectively manage exchange rate fluctuations in Microsoft Dynamics 365 Finance by running the foreign currency revaluation process. Discover the best practices for accurate financial reporting in a multinational environment. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their accounts payable across various currencies. They have noticed significant fluctuations …
Discover how implementing customer credit adjustment workflows in Microsoft Dynamics 365 Finance can optimize credit limit approvals, reduce risks, and improve efficiency. Question A manufacturing company is facing challenges with their credit management processes. This leads to inefficiencies and increased credit risk. You need to streamline the credit management workflow to ensure timely and accurate …
Learn how to create centralized payment setups in Microsoft Dynamics 365 Finance that accommodate diverse payment methods, currencies, and local regulations for global enterprises. Optimize compliance and streamline processes effectively. Question A global enterprise is consolidating its customer payment setups across various subsidiaries in Microsoft Dynamics 365 Finance. You need to create a centralized payment …
Learn the best practices for managing fixed assets in Microsoft Dynamics 365 Finance, including configuring multiple depreciation books and setting up allocation keys to ensure accurate financial reporting and compliance with international standards. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their fixed assets. They have a complex portfolio of assets …
Learn the top three actions to evaluate and enhance expense management in Microsoft Dynamics 365 Finance, ensuring compliance, flexibility, and efficient intercompany expense handling for global organizations. Question A multinational corporation with multiple legal entities is implementing Microsoft Dynamics 365 Finance. They require a comprehensive expense management solution that can handle complex intercompany expense transactions …
Learn the best approach to enable and configure intercompany expense management in Microsoft Dynamics 365 Finance, ensuring seamless processing and reimbursement across multiple legal entities. Question A multinational corporation with multiple legal entities is implementing Microsoft Dynamics 365 Finance. They require a comprehensive expense management solution that supports intercompany expense transactions. You need to ensure …
Learn how to fix financial report discrepancies caused by fluctuating exchange rates in Microsoft Dynamics 365 Finance. Discover the best practice for revaluing foreign currency transactions. Question A multinational corporation is experiencing discrepancies in their financial reports due to fluctuating exchange rates. These fluctuations affect their foreign currency transactions. You need to ensure that the …
Struggling with fixed asset setup in Microsoft Dynamics 365 Finance? Learn the best practices to categorize new equipment, assign depreciation profiles, and streamline asset management effectively. Question Fabrikam, Inc. has recently expanded its operations and acquired several new pieces of equipment. The company uses Microsoft Dynamics 365 Finance and needs to manage these assets efficiently. …
Learn how to improve fixed asset management by standardizing depreciation profiles in Microsoft Dynamics 365 Finance. Discover the best practices for accurate and consistent calculations. Question The finance team at Contoso, Ltd. is tasked with improving the efficiency of their fixed asset management. They have noticed inconsistencies in the depreciation calculations and want to standardize …
Learn the step-by-step process to transfer fixed assets between departments in Microsoft Dynamics 365 Finance using the fixed asset journal. Ensure accurate tracking and updated departmental ownership records effortlessly. Question Fabrikam, Inc. is undergoing a corporate restructuring that requires the transfer of fixed assets between different departments. The assets need to be tracked accurately to …
Learn the best practices for disposing of fixed assets in Dynamics 365 Finance using free text invoices. Discover how to ensure accurate financial reporting by adjusting accumulated depreciation and recording surplus or loss correctly. Question Your company, Contoso Ltd., is in the process of disposing of several fixed assets using free text invoices. The assets …
Learn how to configure Microsoft Dynamics 365 Finance to track sales order numbers using financial tags, ensuring clean reporting without complicating your chart of accounts. Question A multinational corporation is implementing Microsoft Dynamics 365 Finance. It needs to track sales order numbers as part of their financial entries for internal analysis. You need to configure …
Discover the top 3 financial dimensions to optimize financial reporting and ensure compliance with local regulations in Microsoft Dynamics 365 Finance for multinational corporations. Question A multinational corporation is restructuring its chart of accounts to improve financial reporting and control. The company operates in multiple countries with varying local financial regulations and reporting requirements. You …
Discover effective ways to optimize financial journal posting in Microsoft Dynamics 365 Finance. Learn how splitting journals and using noncontinuous number sequences can enhance month-end closing efficiency. Question The finance team at Adventure Works Cycles is experiencing slow performance when posting financial journals. This is impacting their month-end closing process. They suspect that the issue …
Learn how to set up inventory costing versions in Microsoft Dynamics 365 Finance to support diverse costing methodologies, automate cost allocation, and ensure accurate financial reporting. Question A manufacturing company is using Microsoft Dynamics 365 Finance to manage their inventory costs. They have multiple inventory costing methodologies in place and need to ensure accurate cost …
Learn the 3 essential steps to distribute expenses across multiple ledger accounts in Dynamics 365 Finance. Discover how to use allocation rules, main account terms, and manual splits effectively. Question Your company has recently implemented Dynamics 365 Finance and is in the process of setting up their financial management system. You need to set up …
Learn the best approach for managing customer credit limits during seasonal demand fluctuations in Microsoft Dynamics 365 Finance to minimize financial risk effectively. Question Contoso, Ltd. is implementing Microsoft Dynamics 365 Finance and needs to manage customer credit effectively to minimize financial risk. You need to design a process that allows for adjustments to customer …
Discover the best solution for efficiently managing complex customer payment schedules in Microsoft Dynamics 365 Finance. Learn how to automate tracking and improve financial forecasting with installment plans linked to customer accounts. Question A financial services firm is using Microsoft Dynamics 365 Finance. Theyneed to manage complex customer payment schedules involving multiple installments and varying …
Learn how to improve cash flow and reduce bad debts in Microsoft Dynamics 365 Finance by optimizing collection letter setups. Discover expert recommendations tailored to your credit and collections policy. Question A company is using Microsoft Dynamics 365 Finance to manage their credit and collections. They have recently implemented a new policy to improve cash …
Struggling with manual journal entry reversals in Dynamics 365 Finance? Discover how to streamline the process using automatic reversal rules and recurring journals to save time and reduce errors. Question The finance team at Contoso, Ltd. is facing challenges with the current manual process of reversing journal entries. The current process is time-consuming and prone …
Learn the two essential actions to set up and manage tax rules and rates for multi-country operations in Microsoft Dynamics 365 Finance. Simplify tax compliance effortlessly! Question Contoso, Ltd. has recently expanded its operations to multiple countries and is dealing with various tax authorities. You need to set up a system that can handle different …
Learn the 3 essential steps to automate vendor invoice approvals in Microsoft Dynamics 365 Finance. Discover how to set tolerances, matching policies, and invoice policies effectively. Question Fabrikam, Inc. wants to automate the review process for vendor invoices. You need to set up a system that automatically approves invoices that meet certain criteria and flags …
Learn how to set up Microsoft Dynamics 365 Finance to manage fixed assets across multiple countries, ensuring compliance with local depreciation regulations and reporting requirements. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their fixed assets across different countries. Each country has unique depreciation methods and regulations. You need to ensure …
Learn the best strategy to set up ‘Error account’ and ‘Penny difference in accounting currency’ in Microsoft Dynamics 365 Finance for seamless automatic transaction posting and error handling. Question The finance team at Contoso, Ltd. is setting up Microsoft Dynamics 365 Finance for their new subsidiary. They want to ensure that the system automatically posts …
Learn the best approach to set up automated per diem policies in Microsoft Dynamics 365 Finance, including percentage reductions for meals and travel thresholds, to streamline expense management effortlessly. Question A company is configuring Microsoft Dynamics 365 Finance to manage per diems for employees based on travel destination and duration. You need to create a …
Learn step-by-step how to set up balance control accounts in Microsoft Dynamics 365 Finance to automatically verify bank account balances before processing payments in the accounts payable module. Question The finance department at Adventure Works Cycles is implementing balance control accounts to monitor the current and expected balance of liquidity accounts. They want to ensure …
Learn step-by-step how to create a flexible account structure in Microsoft Dynamics 365 Finance using advanced rules to ensure valid combinations of business units and cost centers for accurate financial reporting. Question Contoso, Ltd. is restructuring its chart of accounts to improve financial reporting. The finance team wants to create a new account structure that …
Learn the best approach to configure and manage fiscal calendars across multiple legal entities in Microsoft Dynamics 365 Finance. Discover why using a shared fiscal calendar with ledger calendar copies is the most efficient solution. Question Adventure Works Cycles has recently expanded its operations internationally. It now has to manage multiple fiscal calendars, years, and …
Discover the most efficient transfer option for subledger to general ledger in Microsoft Dynamics 365 Finance. Learn how the Asynchronous option optimizes performance and handles large transaction volumes effectively. Question A company is implementing Microsoft Dynamics 365 Finance.They want to optimize the performance of subledger transfers to the general ledger. You need to recommend a …
Learn the top three strategies to handle dual currency transactions in Microsoft Dynamics 365 Finance, including currency revaluation, exchange rate setup, and reporting currency configuration. Question Adventure Works Cycles is configuring their Microsoft Dynamics 365 Finance system to handle transactions in multiple currencies. They need to ensure accurate accounting and reporting in both the local …
Learn how to resolve cash flow forecast discrepancies caused by sales order irregularities in Microsoft Dynamics 365 Finance. Discover the best method to integrate sales order processing for accurate forecasting. Question Adventure Works Cycles is experiencing discrepancies in their cash flow forecasts. These discrepancies are due to irregularities in sales order processing within Microsoft Dynamics …
Learn the key steps to automate bank reconciliation in Dynamics 365 Finance. Discover how configuring advanced bank reconciliations and maintaining bank accounts ensures efficiency and accuracy. Question Your company is implementing the Cash and Bank Management module in Dynamics 365 Finance. They want to automate the bank reconciliation process. Your goal is to ensure that …
Learn the top 3 steps to set up revenue recognition for bundled items in Microsoft Dynamics 365 Finance. Ensure compliance with international accounting standards and streamline global sales operations. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their financial operations. They have recently expanded their product line to include bundled items. …
Learn the top 3 actions to streamline overdue payment tracking and minimize effort using the Credit and Collections module in Dynamics 365 Finance. Boost efficiency today! Question Your company has recently implemented the Credit and Collections module in Dynamics 365 Finance. They have many customers and often face issues with overdue payments. You need to …
Discover the three essential actions for managing customer credit limits and risk scores in Dynamics 365 Finance. Learn how to streamline collections and reduce unnecessary communication effectively. Question Your company has recently implemented the Credit and Collections module in Dynamics 365 Finance. They have a diverse customer base with varying credit limits and risk scores. …
Discover how to optimize credit management in Microsoft Dynamics 365 Finance by using risk scoring groups and automatic credit limit rules to dynamically adjust limits based on customer risk profiles and transaction history. Question A financial services firm is revising its credit management strategy to better manage the credit risk associated with its diverse clientele. …
Learn the top 3 essential steps to configure Microsoft Dynamics 365 Finance for managing diverse customer groups, credit terms, and currency revaluation effectively in multinational corporations. Question A multinational corporation is using Microsoft Dynamics 365 Finance to manage their accounts receivable. They have multiple customer groups across different regions with varying credit terms and currency …