New feature release (Top 10 frequently asked) for Microsoft Dynamics 365 Finance and Operations: Part- 6

In this blog, based on my experience, I have tried listing down top 10 features from Microsoft Dynamics 365 Finance and operations (10.0.11) which are frequently used by customers in any industry. So, let us see the List:

Pre-Requisites: Enable all the features from Feature management workspace. (Platform 35 and version 10.0.11)

1. Advanced notes management

The Advanced notes management feature lets you set up predefined notes that apply to all or specific customers, vendors, and products. You can then add these notes to specific business documents.

https://docs.microsoft.com/en-us/dynamics365/finance/localizations/emea-ita-exil-structured-notes

2. Enable overriding TCS/TDS group on purchase invoice (India)

This feature is for India only. It allows user to override TCS/TDS group value on vendor invoice created from purchase order.

This will solve issue for many customers who would like to change TDS/TCS info at vendor invoice time , now it is not require to change in PO.

3. Posting invoices with zero amount (Italy)

In Italy, financial transactions for invoices that have a total amount of 0 (zero) must be posted.

4. Power Automate Options Action Menu Items

Shows or hides the Power Automate menu items under the Options tab.

This will help users to use power of power automate from Dynamics 365 screen itself. Most recommended feature to use.

5. Product service type

Now we can have type of service for products to be defined e.g. warranty etc…

6. Prohibit submission to workflow when the invoice number already exists on a posted invoice, and your system is not set up to accept duplicate invoice numbers.

This feature lets you prevent a vendor invoice from being submitted to the workflow process when it contains the same invoice number as another posted invoice. Instead, a message alerts the person who submitted the invoice that an invoice with a duplicate number was found and lets them correct it before submitting it to workflow. This alert will be displayed when the Accounts payable parameter labelled “Check the invoice number used” is set to “Reject duplicate.” Finding and resolving issues before invoices are submitted to workflow helps prevent errors that might stop posting and require resubmitting them to workflow later, saving submitters and approvers time in the long run.

7.  Prohibit submission to workflow when the invoice total and registered invoice total are not equal.

This feature lets you prevent a vendor invoice from being submitted to the workflow process when the invoice total and registered invoice total are not equal. Instead, the person who submitted the invoice receives an alert that the totals aren’t equal and lets them correct it before submitting it to workflow. Finding the issue before the invoice is submitted to workflow helps prevent errors that might stop posting and require resubmitting the vendor invoice to workflow later, saving submitters and approvers time in the long run.

8. Tax invoice for goods delivered for free (Italy)

This topic describes how to manage goods that were delivered free of charge. The functionality that is available through the Tax invoice for goods delivered for free feature lets you generate invoices that include the words “Free invoice.” The total of these invoices equals the tax amount only.

To generate these invoices, you must set up delivery reasons that can be used in the sales order.

These invoices can be used in two cases, depending on who pays the taxes on the items:

Your company pays the sales tax, and the system generates a self-invoice and accounting entries for the payment.

The customer pays the sales tax.

The delivery reason on the invoice determines which case you use

https://docs.microsoft.com/en-us/dynamics365/finance/localizations/emea-ita-exil-goods-for-free

9. Vendor invoice batch posting

This feature will reduce the effort by users tremendously.

This feature lets you add an automated posting task to the Vendor invoice workflow so that the invoice is posted using a batch. Posting invoices in a batch lets the workflow process continue without having to wait for the posting to finish, which improves the overall performance of all the tasks submitted to the workflow.

10. (Retail GST for India) Update credit notes with references to   original invoices

This will help customers using Retail module and streamline GST filing, as we all know for all the credit notes system does not tag the original invoice but now you can do by this feature.

This feature creates a procedure that periodically updates the Original GST transaction ID link in credit notes so that the link correctly references the related original sales invoice. This link is also used in GSTR reporting.

https://docs.microsoft.com/en-us/dynamics365/commerce/localizations/apac-ind-cash-registers#update-credit-notes-with-references-to-original-invoices

That is it for this blog, hope this will help you to increase end user’s confidence and given them the most out of the Dynamics out of the box features.

Thank you and keep reading and share with your network.