Summary
In this module, you learned about the Accounts payable features in Dynamics 365 Finance and how they provide tools to help manage vendor invoice processing and posting. You learned about the verification process, which ensures that the vendor invoice total matches the registered total before submission to the workflow. Also, you discovered how to add invoices to a batch for posting in the workflow. You learned about the feature that allows you to update invoice quantities to match product receipt quantities in the workflow, which requires specific setup and configuration. A detailed guide showed you how to record a vendor invoice and match it against a received quantity in the USMF company. This guide also described how to set up the Accounts payable parameters, create a purchase order, post a product receipt, and record and match the vendor invoice to the product receipt.
Additionally, you learned how to:
Perform and reverse settlements in Finance.
View settlements, settle invoices and payments, and reverse a closed transaction.
Distribute funds by using accounting distributions, a program-wide capability that source documents use, such as purchase orders, vendor invoices, expense reports, and free text invoices.
Configure invoice validation policies in the Accounts payable module, including setting up invoice validation, matching invoices, and defining tolerances for discrepancies.
Lastly, you learned about the business process where you must receive an invoice from a vendor for goods or services on a purchase order before you can approve it for payment.