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NEW RELEASE: Dynamics 365 for Financials is better than ever

Fredrik Hietala Profile Picture Fredrik Hietala

We are pleased to share our recent updates to Dynamics 365 for Financials, including QuickBooks Online Migration, Item Charges (Landed Cost), Invoicing for the Office 365 Bookings App, and Accountant Portal, to name a few. 

 

Quick links 

(Build number: 17433)

New capabilities available

 

QuickBooks Online Migration

You can now migrate your data in QuickBooks Online to Dynamics 365 for Financials effortlessly, including migration of the following company data:

  • Accounts, vendors, customers, and items
  • Beginning balance transaction for general ledger
  • Open invoices, credit memos, and payments for customers
  • Open invoices and payments for vendors
  • Quantity on hand for inventory items 

Transactions will be migrated in an unposted status so that they can be validated and posted by the user. This extension is accessible through the Data Migration Wizard.

0447.QuickBook_5F00_update7_5F00_v2.png

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Accountant Portal

This new extension enables accountants to manage their clients on Dynamics 365 for Financials. Through the Accountant Portal, accountants can access customer tenants directly and refresh their data. On the summary page, all client information and performance details can be seen at a quick glance. New clients can be added easily using the client cards.

 

A company who use Dynamics 365 for Financials can invite you to Financials as their external accountant. This requires an administrator to add your work email address to their Active Directory tenant, and we recommend that they contact their Financials partner for assistance.

AccountantPortal_5F00_updaet-7.png

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Enter General Ledger, and other journals, in Microsoft Excel

The Edit in Excel functionality has been expanded to include fifteen new worksheet pages, including the General Journal. Using this functionality journal entries can be created in Excel to be published to Dynamics 365 for Financials.

ExceL_5F00_Update7.png

Item Charges (Landed Cost)

You can now use item charges to assign costs such as freight, handling, or insurance to items in your inventory. These costs can be allocated equally across your inventory, or proportionally to the line amount (for example by weight or volume).

 

Item charges can be assigned to lines in purchase documents that have not yet been posted as fully invoiced—you can even assign costs to partially invoiced documents. When you receive separate invoices for item charges you can still assign these to purchase document lines that have already been posted as received or invoiced.

 LandedCost

 

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Create Purchase Orders for Missing Sales Quantities

You can now create purchase documents for missing item quantities on your sales orders and invoices directly. From sales orders, you can create purchase orders for each vendor of items on the sales order. The missing quantities on your sales order will be suggested automatically but can be edited before posting.

 

From sales orders and invoices, you can create purchase invoices. This function will automatically create a purchase invoices for a selected vendor for selected lines on the sales document—the full sales quantity is suggested in this case.

6864.PurchaseOrder_5F00_Update7.png

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Lexmark ICS Vendor Synchronization

You can now synchronize vendors when using Lexmark ICS. Using this synchronization, you can improve the vendor recognition rate when processing printed invoices, and manually select the applicable vendor when training the application in new invoice layouts.

All your vendor details, including number, name, address, VAT registration, phone, and bank details are transferred to Lexmark ICS when synchronizing.

Lexmark_5F00_update7.png

Invoicing for the Office 365 Bookings App

Users of the Office 365 Bookings app can now invoice bookings made through this app in Dynamics 365 for Financials. You can choose to invoice all bookings at once, to select specific bookings to invoice, or to invoice all bookings for a selected customer. Based on this choice one or more draft invoices will be generated to be sent to the customer.

2570.BookingApp_5F00_update7.png

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CRM Synchronization Improvements

Dynamics 365 for Financials can now fully synchronize with Dynamics CRM automatically in the background. The CRM Full Synch. Review page shows the progress of all synchronization in a single place, listed per record type.

Additionally, the CRM Connection Wizard now lets you couple sales people—this is a prerequisite to enable almost all other synchronization and coupling between Dynamics CRM and Dynamics 365 for Financials.

Finally, several bugs and documentation issues have been fixed.

4571.CRM_5F00_update_5F00_7.png

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Availability of Financials in the UK

As we’re gearing up to launch Dynamics 365 for Financials in the United Kingdom, we are introducing features specifically for this market. The service now integrates with the HMRC GovTalk Service; users can now submit EC Sales Lists directly to HMRC.

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Comments

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  • Petronila Profile Picture Petronila 390
    Posted at

    Hello -- does anyone know how to edit the headers in the account schedules?  thank you!

  • PTC Profile Picture PTC 35
    Posted at

    I have the same issue...

    I see my version is still showing 16552 as well at this time. Is there a process or action I need to take to ensure our environment is up to the current release?

  • tomercur Profile Picture tomercur 30
    Posted at

    Fredrik,

    I see my version is still showing 16552 as well at this time. Is there a process or action I need to take to ensure our environment is up to the current release?

    Thanks,

    Tony

  • Fredrik Hietala Profile Picture Fredrik Hietala
    Posted at

    @dano196.  As the new functionality requires an updated version of your environment , please check the version you are using (just follow the steps I described in my reply to Analog IT ltd) . If your environment has build number 17433 or later , please let me know.

  • Fredrik Hietala Profile Picture Fredrik Hietala
    Posted at

    Hi Analog IT Ltd,

    We're working on upgrading all existing users to our latest version. There is currently no ETA for when all users have been upgraded. The new version has build number 17433 (also included in the blog post above , I''ll try to make it more visible in the coming Product updates).  

    Following is how you can check what version you are on within Dynamics 365 for Financials:

    1. In D365 Financials , click search (the magnifier icon , upper right)

    2. Type “System”

    3. Click “System Information”

    4. In the version field you can see what version your are on.

  • Analog IT Ltd Profile Picture Analog IT Ltd
    Posted at

    Hi Fredrik. What build is this version. I'm on 16552 (10.0). How do you know the upgrade schedule of a tenant and the most current build.

  • dano1968 Profile Picture dano1968
    Posted at

    Trying to "Enter General Ledger, and other journals, in Microsoft Excel" and the only "edit in Excel" I see is at the General Journal Batch level not at the General Journal level... please advise

  • Fredrik Hietala Profile Picture Fredrik Hietala
    Posted at

    @Archer, We are launching Dynamics 365 for Financials in more countries, however the details for an Austria launch is currently not available. To try it out , you can try Dynamics 365 for Financials in other countries if you have a business related domain for the specific country for example .com for US or .co.uk for UK.

  • keoma Profile Picture keoma 32,671
    Posted at

    i'm located in austria. dynamics 365 for financials does not work here. when will it be published in/for austria ? is there a different way to try it out?