What's New in Dynamics 365 for Financials

Welcome to Financials! If you haven't already, then sign up for a trial, let us walk you through the basics of what you can do with Financials, and then try things out on your own for a while. When you are ready, you can open a blank company and set things up for yourself.

On a regular basis, we will update Financials with additional capabilities in the core application and with new extensions. For an overview of what is coming and what is currently available, see the Dynamics 365 Roadmap - and remember to filter for Financials.

On this page, you can see which areas became available while we were still in preview. Going forward, find the updates in the Dynamics 365 Roadmap.

November 2016 Launch of Dynamics 365 for Financials

As announced on the blog, we're now a service that you use in your business. But this update also adds new capabilities and a new extension.

Project management

If you switch to the Suite experience, you can manage projects and work with resources, time sheets, and jobs. When you first log in as a Project Manager role, an assisted setup guide will help you set up how your projects are managed. You can work with the sample accounts, jobs, resources, and so on in the demonstration company to get familiar with the functionality. For more information, see Managing Projects.

Fixed assets

If you switch to the Suite experience, you can manage fixed assets, including depreciation and insurance. A standard setup is provided, but you can modify it if anytime you want. You can register purchases of fixed assets in dedicated fixed asset G/L journals where you can also dispose of fixed assets. The right accounting entries are created automatically. For more information, see Fixed Assets.

New extension for migrating data from Dynamics GP

If your business uses Dynamics GP today, you can use an assisted setup guide to migrate master records to Financials. You must have exported your existing customers, vendors, inventory items, and accounts using the export data functionality in Dynamics GP. The Dynamics GP Data Migration extension automatically maps the exported data so that you can quickly get your existing data into your new company in Financials. For more information, see Dynamics GP Data Migration.

Cash flow forecasting

The charts on the Accountant Role Centre provide insight that can help you make solid decisions about what to do with your cash. Also, you can use the Cash Flow Forecast chart to generate predictions of your cash flow in the future. For more information, see Analyzing Cash Flow in Your Company.

Team members

The Team Member Role Center is a new role center that is defined for the Dynamics 365 team member role so that these users can read and modify most data in the system. As a team member, you can also work with timesheets and approval tasks that they are assigned.

Synchronise your customers and services with Bookings in Office 365

With this update, you can automatically synchronise your customer and service item records with the new Bookings app in Office 365. You'll create customers and services and book appointments in Bookings, and these then show up in Financials. Just like that, you'll have invoiced the customer following the service automatically - and you won't have entered the same information twice in the process.

September 2016 Update

This update of Financials added new capabilities as announced on the blog.

More flexibility in your sales processes

This update adds more flexibility in what you sell:

  • You can now set up nonstock items - items that you offer to customers but do not maintain inventory for. For more information, see How to: Work with Nonstock Items.
  • You can now mark an item for drop shipment on a sales order and immediately create a purchase order for the item. This way, you can sell an item to a customer, purchase it from the vendor, and have it shipped directly from your vendor to your customer. For more information, see How to: Purchase Items for a Sale.

Categorise items in your inventory

With this update, you can create a hierarchy of item categories and assign item attributes to each item category. For more information, see How to: Categorize Items.

Send purchase orders to vendors

Now you can enter purchase orders within Financials. For more information, see How to: Record Purchases.

Better quality incoming documents

You can now easily correct errors in the scanned documents before you receive the resulting document - this way, you'll train the service to avoid the errors going forward. For more information, see How to: Use OCR to Turn PDF and Image Files into Electronic Document.

August 2016 Update

This update of Financials added new capabilities as announced on the blog.

Smart notifications give you advice and recommendations

With this update, you'll notice such notifications display when you create a sales invoice for a customer that has an overdue balance, or when the amount in the sales document exceeds the credit limit specified for the customer, for example. For more information, see Smart Notifications.

Introducing the new Sales and Inventory Forecast extension

In this update, we introduce the new Sales and Inventory Forecast extension that gives you insights about potential sales and a clear overview of expected stock-outs. The extension uses Cortana Intelligence to predict future sales based on your sales history to help you avoid inventory shortage. For more information, see Sales and Inventory Forecast.

Smarter sales and purchase documents

We've made several small but important improvements to sales and purchase documents:

  • You can cancel posted credit memos
  • Sales invoices include Package Tracking No. and Shipping Agent Code
  • You can cross reference items
  • You can substitute items

July 2016 Update

This update of Financials added new capabilities as announced on the blog.

Working with incoming documents in Outlook

This update adds actions to the vendor dashboard in the Outlook add-in so you can work directly with attachments to the associated email. You use the actions to send the email attachments directly to the Incoming Documents list, send the documents to the OCR service, and send an approval request for the incoming document. For more information, see Manage Incoming Documents.

Create invoices in your Outlook calendar

The Outlook add-in now extends to the Outlook calendar. From a calendar appointment, you can open the Financials add-in and get an overview for the customer associated with the appointment. Then, you can create and send an invoice for the services provided in the meeting - all of this happening right there in the Outlook calendar. For more information, see Using Financials as your Business Inbox in Outlook.

AppSource marketplace for extensions

Financials extensions are now available in the AppSource marketplace at AppSource.microsoft.com. You will be able to search and find extensions in the marketplace. You will be able to view information, including marketing material, screenshots, videos and links to additional details. For more information, see Customizing Financials Using Extensions.

Shipping agents and item attributes

You can add attributes to your inventory items that make it really easy to find the right product that your customer wants. For more information, see How to: Work with Item Attributes.

New extensions made available

With this update, you can choose between even more extensions in the Extension Management window. For more information, see Financials Extensions by Other Providers.

Manage your customer relationships using Microsoft Dynamics 365 for Sales from inside Financials

We have added a new assisted setup guide to the Business Manager home page that guides you through the setup process to connect to Dynamics 365 for Sales. Once that is done, you will have a seamless coupling of Dynamics 365 for Sales records with Financials records. For more information, see Manage your customer relationships using Microsoft Dynamics 365 for Sales from inside Financials .

May 2016 Update

This update of Financials added new capabilities as announced on the blog.

New extensions made available

Check out the Extension Management window: The update adds new extensions, including Sana Commerce for Financials that provides B2B Commerce capabilities, and ChargeLogic Payments that provides payment and credit card processing capabilities. The extensions are not installed automatically for you, but the Extension Management window will help you install the extensions that you want to use. For more information, see Financials Extensions by Other Providers.

Filter on unprocessed incoming documents

We have also changed some core functionality in this month's update: The list of incoming documents is now filtered to show only entries that have not been used to create posted documents with. For more information, see Manage Incoming Documents.

Office Suite notifications are now enabled in Financials

In the top right corner, next to the Settings menu, you will notice the bell symbol that you probably already know well from other Office products: That's the Notifications menu. Here you will receive notifications such as new mail and calendar reminders directly while working in Financials.

April 2016 Preview

In April 2016, we launched the preview of Financials. Everything was new, and we encouraged you to start the Getting Started guide in the demonstration company that you get access to when you first sign up. The Getting Started guide steps you through key scenarios. For more information, see Welcome to Dynamics 365 for Financials.

Key scenarios to try out on your own:

See Also

Welcome to Dynamics 365 for Financials
Working with Financials
Dynamics 365 Roadmap