best practices in defining an account in Microsoft Dynamics 365 Finance and Operations

best practices in defining an account in Microsoft Dynamics 365 Finance and Operations

• Account Types
  • Profit and loss, Revenue and Expense
  • Balance Sheet, Asset, Liability, and Equity
  • Total
  • Report
• General Information
  • Debit/Credit considerations
  • Related accounts
  • Administration
  • Consolidation
• Setup
  • Currency, User, and Posting restrictions
  • Management reporter defaults
  • View advanced rules.
• Company Specific
  • Allocation terms
  • Additional consolidation accounts
  • Sales tax
  • Default financial dimensions