Setting Up Finance

To help you get going quickly, Dynamics 365 for Finance and Operations, Business edition 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 a tolerance by which the system closes an invoice even though the payment, including any discount, does not fully cover the amount on the invoice. How to: Work with Payment Tolerances and Payment Discount Tolerances
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 your Sales and Purchases features up to handle payments in foreign currencies. How to: Enable Application of Ledger Entries in Different Currencies
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
Enable invoicing of a customer who is not set up in the system. How to: Set Up Cash Customers
Set up Intrastat reporting, and submit the report to an authority How to: Set Up and Report Intrastat

See Also

Finance
Managing Bank Accounts
Working with Dimensions
Importing Business Data from Other Finance Systems
Analyzing Cash Flow in Your Company
Working with Dynamics 365

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