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What's new in Microsoft Dynamics 365 for Operations (AX7) - Financials, Part 2

by Yogesh Kasat
Consultant & Founder, Real Dynamics

Microsoft unveiled Dynamics 365 for Operations - Financials (known before as AX7) at the AXUG 2016 Summit, and offered details on its functionality on the Microsoft Dynamics 365 for Operations Roadmap portal. Between the AXUG sessions and the portal, there is considerable information to sort out, which I hope to do in this series of articles.

In Part 1, we covered:

  • General Ledger
  • Accounts Payable
  • Fixed Assets
This time, we will delve into:
  • Accounts Receivables
  • Credit & Collections

Accounts Receivables

Several enhancements in the accounts receivable (AR) area are targeted at productivity gains in processing customer payments.

AR Payments enhancements: Similar to AP enhancements, you can now select the same invoice for settlement on multiple unposted AR payments journal lines. Also, AR's centralized payments functionality allows users to view past-due invoices across companies that are part of a centralized payment organizational hierarchy.

Customer Payments workspace: A new Customer Payments workspace provides insight into invoices that are overdue and payments that need the clerk's attention. Additionally, frequently-used reports such as aging and deposit reports are added to this workspace.

Reimbursements: The customer reimbursement functionality has been improved to allow reimbursing a customer in the transaction currency.

SEPA prepayments: SEPA functionality now allows generation of a SEPA payments without a backing invoice.

Prices including sales tax: This feature for free text invoices is now available for all countries/regions.

Credit and collections

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About Yogesh Kasat

Yogesh Kasat is Founder & Principal at Real Dynamics and one of the FastTrack recognized architects. He has authored books on implementing Dynamics 365. He has helped several enterprise customers on their solution architecture and right sizing licensing. He can be reached at Yogesh.kasat@realdynamics.com for guidance on Dynamics 365 licensing.  

To learn more about the author, visit: https://www.linkedin.com/in/yogeshkasat 

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