Centralized payments in Microsoft dynamics 365 finance and operations

Centralize payments in D365 is a feature which you can use for paying and settling invoices on behalf of other legal entity.

This is a very old feature which was even available in AX 2012.

Scenario:

USMF and DEMF has a vendor which has same party ID in both legal entities. Now vendor has submitted invoice in DEMF legal entity but as per group policy all DEMF invoices should be processed through USMF.

Step-1: Setup organization hierarchy

Step-2: Setup intercompany accounting

Step-3: Setup vendor accounts with same part Id

Step-4: Setup default description (Optional)

Note: Now we can create payments on behalf of other legal entity by enabling option during proposal

Note: Ignore the vendor name used

Step-5: Create and post Invoice in DEMF

Step-6: Create payment journal in USMF and settle DEMF invoice

Step-7: View subledger entry

Step-8: View voucher entries in USMF and DEMF

That’s it for this blog, hope this helps you!!!Thank you keep reading and sharing !!!