Working with multiple legal entities in Microsoft Dynamics 365 Finance can involve a high effort during the configuration of the system and once the project is live, if in the support phase is required to create new parameters/configuration in multiple entities.

The Accounts Payable departments spend part of their time processing vendor invoices: collect the invoices from the post mail or email, create the invoices in the system, start the approval process and post the invoices for future payment.

Working with multiple currencies means that, at the end of the month, is required to run the Foreign Currency Revaluation process for open vendor transactions (AP), open customer transactions (AR), bank balances and ledger balances.

In the actual scenario with a super globalized world and with the teleworking becoming more and more common, each time is more often that resources from a company are decentralized and working from different locations in the same global projects. 

A few months ago we discover the new functionality included in Microsoft Dynamics 365 Finance, Financial Tags, and as I was expecting this great tool, after been included in journals, is growing, nice!!

In the new version of Dynamics 365 Finance 10.0.37 available this November 2023 there is an interesting new feature, in preview, called "Generate customer and vendor payments from bank statement and reconciliation". it sounds very helpful to generate, directly from the bank reconciliation form the customer or vendor transactions included in the bank statement of the bank that have not been posted in the system yet.

One of the powerful tools in Microsoft Dynamics 365 Finance is the use of multiple currencies with the specific exchange rates for the posting of vendor invoices, bank transfers, payments... as a summary, all the required movements that need to be posted in a company.

A few months ago we discover the new functionality included in Microsoft Dynamics 365 Finance, Financial Tags, and as I was expecting this great tool is growing, nice!!

Once you start to define and configure your ERP Microsoft Dynamics 365 Finance, related to customer billing, there are several different options you can use to get a similar result. You can use free text invoices as a simple billing option, sales orders if you manage inventory or even project invoices if you want to control the WIP and revenues.