Audience

title: “Financial Accounting” linkTitle: “Financial Accounting” weight: 10 manifest: level: module audienceId: business-central businessAreaId: cross-industry-solutions solutionId: finance moduleId: financial-accounting

The financial management module plays a central role in Microsoft Dynamics 365 Business Central. Microsoft Dynamics 365 Business Central includes the functions companies require. These functions are easy to use and, through the integration of business processes and business data, are available across applications.

The introduction of a new ERP system in accounting aims not only to manage operational posting processes efficiently, but also to map complete controlling in Microsoft Dynamics 365 Business Central.

In operational areas, the focus is primarily on accounts receivable management, accounts payable management, bank management, fixed asset management, and cash postings. Important parts of the process chain are actively controlled directly by financial accounting employees.

Financial accounting offers full integration of the following standard modules (subledgers):

  • Payables and purchasing
  • Receivables and sales
  • Warehouse (item movements)
  • Bank
  • Fixed assets

In addition, the financial accounting module includes the following functions:

  • Financial budgets
  • Tax settlement
  • Cash flow planning
  • Financial dimension analysis

Pages

Page Financial Accounting Setup General setup areas in financial accounting. Open Page Company Structure for Go-Live Companies, languages, intercompany, and the master data company for go-live. Open Page Currencies Company currency, foreign currencies, and rate variants in finance. Open Page General Ledger Accounting Basics of general ledger accounting with the chart of accounts, posting matrix, and finance dimensions. Open Page Basic Accounting Setup According to SKR 03 and SKR 04 Setup of the chart of accounts, posting matrix, and reporting schemes according to SKR 03 or SKR 04. Open Page Accounts Payable Invoice processing and review processes in accounts payable. Open Page Accounts Receivable Invoice processing, dunning, and related topics in accounts receivable. Open Page Payment Management and Banking Automated posting of incoming and outgoing payment flows. Open Page Fixed Assets Management of fixed assets, depreciation books, maintenance, insurance, and supplemental functions. Open Page Inventory Accounting Inventory valuation and Lagerwert PLUS in the finance context. Open Page Cash Flow Liquidity Planning Cash flow forecast and liquidity planning in Business Central. Open Page Budgets in Financial Accounting General ledger budget planning and budget functions in Business Central. Open Page Year-End Closing Tax settlement, consolidation, and provisions for closings. Open Page Regulatory Reporting Reporting to authorities, e-balance sheet, and GDPdU in the finance context. Open Page Interfaces Typical interfaces in financial accounting. Open Page Supplementary Modules for Financial Accounting Supplemental modules for payment management, analysis, expense management, DATEV, and credit rating checks. Open Page Sustainability Management Sustainability management and emissions tracking in Business Central. Open