From the Microsoft Dynamics 365 Finance & Operations Blogs: New LCS project; Marked transactions; Auto-reverse; Fixed asset disposal

April 30 2021

This week on the Dynamics AX and Dynamics 365 Finance and Operations blog roundup:

  • Dynamics 365 Finance and Operations: How to create new LCS project and deploy Tier 1 (DEV) VMs
  • Marked transaction detail form (new feature) in D365FO
  • How to auto reverse posted general journals in D365FO
  • Fixed asset disposal - sale/scrap in D365FO

Dynamics 365 Finance and Operations: How to create new LCS project and deploy Tier 1 (DEV) VMs

Writing on his AX + Dynamics 365 Library blog, Faisal Fareed stated that some of you may want to get your hands dirty doing some development in Dynamics 365 Finance and Operations. He explained step-by-step how to:

  • to create your own LCS project
  • to deploy a new Tier 1 virtual machine
  • to log onto Azure Portal
  • to access Power Platform environments
  • to create your own Power App and use other features
  • to deploy solutions in Power Platform to integrate with D365 FO

Marked transaction detail form (new feature) in D365FO

On the Explore Microsoft Dynamics 365 Finance and Operations Together blog, Saurabh Bharti wrote that the "This transaction has been marked for settlement by Vendor Payment #### in company usmf," is the most common error users get when they try to settle any transaction that has already been marked by someone else in any other transaction.

That's a good thing from a system perspective as this error prevents users from settling the same transaction more than once. However, from a user's perspective it is hard for managers to determine how many transactions have been marked but not yet posted.

In his blog post, Bharti explained the new feature Microsoft has developed to enable users to see how many transactions have been marked but not yet posted.

How to auto reverse posted general journals in D365FO

Writing on the Stoneridge Software blog, Sharlene Boots noted that users are now able to reverse a large or small general journal batch that's posted in Microsoft Dynamics 365 Finance without exporting it to Excel, reversing the debit and credit columns, and then using Excel add-in to publish it back into D365 Finance.

In addition, users can also reverse just one transaction/voucher within a batch. However, there are some limitations as to what can be auto-reversed, she stated.

 In her post, Boots explained the setups and how to use them.

Fixed asset disposal - sale/scrap in D365FO

In another post on the Explore Microsoft Dynamics 365 Finance and Operations Together blog, Saurabh Bharti explained the disposal process with accounting entries in Dynamics 365 Finance and Operations.

First, Bharti stated that disposal is a process of removing fixed asset from the books by selling it to a customer (disposal-sale) or scrapping it (disposal-scrap) without getting any value for it.

Now both disposal-sale/disposal-scrap are two types of transactions just to identify that asset has been sold or scrapped but financially both [have the] same impact.

Bharti then explained both types of transactions, offering an example of each.

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