From the Microsoft Dynamics 365 Finance and Supply Chain Management: Residual reporting currency balances; Advanced bank reconciliation; Automate ICO purchase invoice; Form information

In this review of the Microsoft Dynamics 365 Finance and Supply Chain Management blogs:

• How to clean up residual reporting currency balances
• How does advanced bank reconciliation improve financial management?
• Automate ICO purchase invoice
• Find the table behind any field using form information

How to clean up residual reporting currency balances in D365 Finance

Writing on his blog, Paolo Cecchelli stated that with the introduction of dual currency in Dynamics 365 Finance and Operations, Microsoft added a helpful but often overlooked feature called the reporting currency adjustment journal.

Cecchelli noted that this feature lets you adjust only the reporting currency without changing anything in the main accounting (local) currency.

According to Cecchelli, there are several common situations where you might need it:

• Rounding differences
• Regulatory requirements
• Audit adjustments
• Consolidation needs

Cecchelli explained that it gives you a way to fine-tune reporting figures without affecting your core financial records. He then explained how to clean up residual reporting currency balances in D365 F&O.

How does advanced bank reconciliation improve financial management?

Writing on the ERP Software Blog, an author from Pharos Solutions Inc. stated that Dynamics 365 Finance and Supply Chain Management includes a feature called advanced bank reconciliation that helps finance teams work more efficiently and accurately.