Finance (tax, cost, accounting and finance)

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Posted on by MC-11091318-0

hello

I hope everything is fine

Please could you help me to undertand the Dynamics Finance? about Tax, accounting, cost and Finance, can we add up in my company every part?

Kind regards

Marcelo Costa

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Dynamics 365 Finance

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Sohaib Cheema 47,924 User Group Leader on at

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Finance (tax, cost, accounting and finance)

Hi,

You can look online the features this product support.

https://www.microsoft.com/en-us/dynamics-365/products/finance#Features

If you have a specific question, feel free to raise it

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Nimsara Jayathilaka. 816 on at

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Finance (tax, cost, accounting and finance)

Hello Marcelo,

I think this will be more helpfull

Accounting

General Ledger: The core for recording all financial transactions. Maintains chart of accounts, journal entries, and financial dimensions.

Accounts Payable: Manages vendor invoices, payments, and vendor credits. Automates payment schedules and controls spend.

Accounts Receivable: Tracks customer invoices, payments, credit management, and collections for cash inflows.

Fixed Assets: Handles asset acquisition, depreciation, transfer, and disposal with multiple calculation methods.

Cash and Bank Management: Reconciles bank statements, processes electronic payments, and manages cash flow.

Tax

VAT/GST Setup: Configures tax codes, posting groups, and rules for accurate tax calculations on sales and purchases.

Tax Reporting: Generates compliance reports for tax authorities. Supports multiple jurisdictions and tax scenarios.

Tax Automation: Automatically calculates taxes on transactions based on setup and exemptions.

Cost Accounting

Cost Allocation: Tracks and allocates direct and indirect costs by cost centers or departments.

Costing Methods: Supports standard, actual, and activity-based costing to analyze profitability per product/project.

Work in Progress (WIP): Manages costs incurred but not yet invoiced in manufacturing or projects.

Finance & Forecasting

Budgeting: Creates budgets, compares actuals vs. budgets, and controls spending limits with alerts.

Project Accounting: Manages project budgets, costs, billing, and revenue recognition.

Financial Reporting & Analytics: Real-time financial insights with customizable reports and Power BI dashboards.

Multi-Company/Currency: Consolidates finances across entities, supports foreign currency transactions, and standardizes reporting.

Each module integrates seamlessly to give companies full control and real-time visibility over their financial health and compliance.

For more detailed guidance, Microsoft Learn and ERP research articles provide in-depth scenario examples and tutorials.

If you interest more follow below links

https://www.erpresearch.com/en-us/dynamics-accounting-module

https://www.randgroup.com/insights/microsoft/dynamics-365/finance-operations/understanding-microsoft-dynamics-365-finance-operations-modules/

https://www.pharossolutions.com/pharos-solutions-blog/microsoft-dynamics-365-finance-modules-a-comprehensive-guide

If you feel answer is helpful , please verify the answer

Thanks

Nimsara

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