How to: Be Smarter Than Smart Rounding in Dynamics 365 Finance

Like me, maybe you’ve often felt intimidated by smart rounding in Dynamics 365. Fear not! In this blog, we will cover the powerful feature dubbed “Smart Rounding” and explore some of tricky behind-the-scenes setup. In Dynamics 365, smart rounding is the functionality that automates the rounding process using system templates or user-defined rounding rules, giving…

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Microsoft Dynamics 365 FO Continuous Updates Announcement 

Microsoft recently announced that there will be significant changes to One Version (Service Updates) for D365 FO. This process can seem overwhelming but have no fear, we are here to break down everything you need to know so that you can understand what is coming your way. The below points are a brief compilation of what…

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Tired of Creating Payment Proposals & Collections Letters? D365 Has The Answer!

collections process automation dynamics 365

Microsoft features for Credit and collections and Accounts Payable are incredible time-saving process automations to be taken advantage of. Enable the features Please start with the Feature management workspace and enable the features. Vendor payment proposal automation Navigate to Accounts payable > Setup > Payment setup and find Process automations. Select Create new process automation…

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Voucher Templates vs Periodic Journals in Dynamics 365

periodic journals dynamics d365

Maybe you have read all the documentation and all the manuals but still, it seems that voucher templates and periodic journals serve the same purpose. Both may have similar functionality, and both can aid in consistency and speed, but today’s blog post will explore the differences between voucher templates and periodic journals in Microsoft Dynamics…

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Dynamics 365 Segregation of Duties 101

segregation of duties rules

How does your business control the segregation of duties?  Do your auditors examine the system and notice a multitude of users having access to more functions than they probably should?  Has ownership been pestering you about Johnny in accounting with ability to create new vendors, then enter and approve vendor invoices as well as make…

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SUMMIT NA 2023: ATTENDEES GUIDE 

We are just a few years past the core pandemic, USER GROUPS are back, and we are here for it! If you made it to Summit NA in Orlando last year, you witnessed a five-day immersive D365 experience! The 2023 event is quickly zooming into Charlotte, North Carolina, and is on track to be even…

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The Pitfalls of Fixed Bid RFPs in Complex Software Projects

Organizations in the public sector and state/local government (PS/SLG), often rely on a Request for Proposal (RFP) process to procure services from vendors. Much of this process and documentation around RFPs was initially focused on contracting and constructing projects. To keep costs under control, a “Fixed Bid” model was adopted. This model entails a predetermined…

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Dynamics 365 (and AX2012) – Fund Accounting by Way of Posting Definitions

Let’s start by revisiting the foundational Fund Accounting Tips, where you can find information regarding setting up Funds, financial dimensions, and the Ledger.  The setup described in the previous post enables inter-unit accounting.  There is another option to select if it meets the business requirements and is worth considering, especially if multiple dimensions are required…

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Dynamics 365 – Purchase Order Generated Accruals Explained

Do you ever have to figure out where an accrual came from and get so confused that it feels like the room is spinning?  Don’t feel alone.  Dynamics 365 Finance and Supply Chain gives you the power to configure entries to the General ledger so they are not so vague. Posting at Receipt One of…

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Lotteries and Data – Top Three Needs, One Solution

Millions of transactions from secure Point of Sale devices occur 24 hours a day, 7 days a week – each containing vital information for analysis and reporting. Lottery organizations have long faced the product of disparate systems and data silos that prevent a “one source of truth” in data. Why is this important?  Faced with…

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