Configure ledgers and journals in Dynamics 365 Finance

Intermediate
Functional Consultant
Dynamics 365
Finance

Important

Dynamics 365 for Finance and Operations is now being licensed as Dynamics 365 Finance and Dynamics 365 Supply Chain Management. For more information about these licensing changes, seeĀ Dynamics 365 Licensing Update.

In any Dynamics 365 Finance implementation project, the first step is to configure the General ledger module. All other modules post their related financial transactions into the general ledger. The ledger also provides the means for sharing the chart of accounts, currencies, and fiscal calendar by multiple legal entities.

In this module, you will learn about:

  • Different types of journals and their setup.
  • How to configure ledger and posting setup.
  • How to configure and use journals.

Prerequisites

  • Basic understanding of finance and accounting processes
  • Understand how to set up chart of accounts in Finance
  • The ability to use Finance for basic processing
  • Knowledge of basic navigation in Finance