Dynamics 365 Finance&Operations: Financials Part3/3 MB-310

Configure sales tax authorities and attach the tax vendor account in the tax module. Define settlement periods, including Maryland quarterly settlement, to determine the frequency of tax payments.

Configure tax posting in ledger posting groups and sales tax codes, set general ledger tax parameters, and define Maryland tax rates and settlement rules for US and non-US implementations.

Explore how sales tax groups and item sales tax groups organize tax codes in Dynamics 365 Finance & Operations, using Maryland as an example. See how grouping enables tax calculation.

Learn how Dynamics 365 computes sales tax by matching the common code in item and customer tax groups, illustrated with Maryland, and see the tax posting to invoices and ledgers.

Define methods of payment in accounts payable, configure check and electronic export formats, set bank transaction type and check number as mandatory, and ensure data flows to the payment journal.

Create and submit expense reports, attach receipts, and route them for approval, then post approved expenses to generate vendor transactions and enable category-driven payments.

Configure expense management by defining payment methods, expense categories, and main accounts, then set up per diem podiums by location to auto-calculate eligible amounts.

Explore advanced expense management setup by configuring policies and policy rules to enforce compliance, including hotel expense limits and delegation, and credit card transaction import.

Explore intercompany accounting by posting intercompany journals between related legal entities, defining originating and destination companies, configuring intercompany receivable and payable accounts, and using journal names, vouchers, and templates.

Allocate posted advertising expenses to multiple units using allocation terms, define source and destination accounts, and split by 50% to home and auto business units.

Explore foreign currency revaluation in Dynamics 365 finance and operations, adjusting open vendor and customer transactions, distinguishing unrealized from realized gains or losses, with a practical system demo.

Set up number sequences for exchange rate adjustment vouchers and map currency revaluation accounts in general ledger to ensure correct postings for foreign currency revaluations.

Learn how to run foreign currency revaluation from the general ledger, including configuration, simulation preview, and avoiding double revaluation on main and subledger accounts.

Create fixed assets with auto-numbered asset groups, maintain asset master data, and review asset books with depreciation profiles and service life for acquisition and posting.

Acquire assets using the fixed asset journal and acquisition proposals, or from vendor invoices via accounts payable journals, setting price and date, then post to books to reflect depreciation.

Post fixed asset depreciations via the fixed asset journal and depreciation transaction type, using the depreciation proposal to auto-calculate and post monthly depreciation across current layer and federal tax books.

Learn to dispose fixed assets by sale or scrap in Dynamics 365, posting via fixed asset journal or free text invoice, set asset, book value model, and review sold status.

Define fixed asset posting by configuring posting profiles and ledger accounts for each asset book and transaction type, including acquisition, depreciation, and disposal; set capitalization threshold and minimum depreciation amount.

Discover the most-used fixed asset reports in Dynamics 365: fixed asset listing, fixed asset statement, and fixed asset transactions, with filters for asset groups, date ranges, and net book value.