Article

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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AP Automation Accounting Automated Data Collection Collections Management Dynamics 365 Dynamics AX Finance and Operations Financial Management Invoice Processing Payment Processing
About Yogesh Kasat

Yogesh Kasat is one of the founding members of Real Dynamics. For more than 10 years he has worked as a Solution Architect and other leadership roles on numerous Dynamics AX implementations, taking several large engagements to successful completion. For more information on Real Dynamics services, please contact us at info@realdynamics.com. 

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

Real Dynamics is one of the first Microsoft Dynamics AX IV&Vs (Independent Verification and Validation services provider). Our goal is to help businesses and their internal IT teams take their Dynamics AX implementation to the next level with independent and unbiased recommendations. "Where were you before? I wish we had found you sooner!" - This is something we hear a lot as we uncover opportunities for customers to realize the true potential of their Dynamics AX investments.

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