D365FO

  Now we will have our new release in October. There are plenty of new functionalities take place. For me; the besties are: -To be able to change a posted GL transactions description: There were always blanks on the postings and needs ammendments. - Reverse the debit and credit on imported bank statement transactions using advanced bank reconciliation. : This makes really confusion. - Put vendor on hold for purchase orders https://docs.microsoft.com/en-us/dynamics365/supply-chain/get-started/whats-new-scm-10-0-29 https://docs.microsoft.com/en-us/dynamics365/finance/get-started/whats-new-changed-10-0-29 Let see what future will bring us 

  To manage an ERP system is not easy. Will take time and effort. But to manage ERP is something different.  If you can not manage the ERP within your company , it is not so important if you have your ERP system. And ERP is also to manage the change. Needs do change, processes do change , technology do change.  External project team (either it is for ERP or ERP system) is also very important during the project phase and in the support phase for sure in which team should be experienced. Still internal team needs to be placed to have the communication in between the external team and the users/power users. Should know what their company needs are. If an ERP system then to know how system works for the first hand support. To track the changes in the ERP systems and world. Conclusion: I've seen in my projects that ,the companies that have ERP team , spesific for that purpose usually more effective in the implementation processes.

  To setup cost management , there are some key points that you have to consider: 1.For items, be sure which method to use before to start to process transactions. Once you start process, it is not that easy to change the method. So be sure what you need for the item. (FIFO, Average,standard etc.)  2.Do not forget to fill the item cost prices if you use the standard costing. 3.Know how each costing method works in the system. Which method need monthly closure process or not etc. 4.In which level you would like to report cost. Per site or warehouse only or more detailed per storage level. 5.Decide how to setup the ledger integration. May use the links below for details: https://www.youtube.com/watch?v=vXzlC-mOBcg https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/cost-management-home-page https://docs.microsoft.com/en-us/learn/paths/get-started-cost-accounting-supply-chains-dyn365-finance/

  There are various setup that you may achieve with the number sequences. Lets get in to detail on what functionalities we may use. Which parameters you can setup in a number sequences:   On number sequences, you may define various parameters; You can setup number sequences as continuous. In case of unexpected issues occur, system cannot recycle numbers automatically for continuous numbers. Run the cleanup process to recover the numbers. You can set up pre allocation for performance, so number sequence will be allocated for use. You can setup constant figures for smart coding. You can define legal entity information for smart coding and it makes easier for reporting purposes (For consolidation etc.) Number Sequences on journals:  You can create several journal names which have different number sequences. So when you post a journal and check from the voucher transactions, you know which type of transaction is being posted. Number sequences with date:  You can setup a number sequence to

  There are various ways to manage currency transactions in Microsoft D365FO. Here you can find the ways that I mostly use. 1. Ledger Transactions:  On Ledger Transactions you can see 3 currency amount. Transaction Currency, Accounting Currency, Reporting Currency. Transaction currency is used for original document currency. Accounting currency is the currency that you place your legal reports on. Reporting Currency is an additional third currency that you want to report on. For example, you want to report your values due to EUR even your accounting currency is CAD while your group company is in Europe. You can revert your values in reporting currency, from transaction or accounting currency due to the selection of a parameter. 2. Management Reporter:  You can prepare the reports due to the selection of the currency. System will revert the balances to the currency you select on the report with the exchange rates. 3. Triangulation:  You can select a currency to report as triangulation.

  You may think why adjusting or cancellation processes are too hard on D365 FO specially when any GL posting occurs.  I also think the same time to time. I always find hard to manage the reversals when a production order is ended and invoice is posted.  For example when an invoice is posted, you can not reverse just the invoice. Users can do mistakes for example when you fill the date. Only date can not be changed for that invoice Also when you end a production order, you can not cancel the production order. I believe this is because there are too many dependecy. For example, invoice date helps calculate the VAT, due date, cash discounts etc. Still in each version there are new features that help us to cancel the transactions easily like cancelling the voucher in most of the transactions or cancelling/correcting packing slip.s