Setting Up Finance

To help you get going quickly, Dynamics 365 for Financials includes standard configurations for most financial processes. If you need to change the configurations to suit your business, go right ahead. For example, from the Home page you can use an assisted setup guide to set up sales tax rate for your location.

However, there are some things you need to set up yourself. For example, if you want to use dimensions as a basis for business intelligence.

The following table describes a sequence of tasks, with links to the topics that describe them.

To See
Choose how you pay your vendors. Defining Payment Methods
Specify the posting groups that map entities like customers, vendors, items, resources, and sales and purchase documents to general ledger accounts. Setting Up Posting Groups
Set up fiscal periods. How to: Open a New Fiscal Year
Define how you report value-added tax amounts that you have collected for sales to the tax authorities. How To: Report VAT to Tax Authorities
Set up how to update additional currencies if you perform international trade. How to: Update Currency Exchange Rates
Add new accounts to the existing chart of accounts. Setting Up the Chart of Accounts
Set up business intelligence (BI) charts to analyze cash flow. Setting Up Cash Flow Analysis

See Also

Managing Bank Accounts
Working with Dimensions
Importing Business Data from Other Finance Systems
Analyzing Cash Flow in Your Company
Working with Financials

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