Introduction
This module covers the topic of managing main accounts in Dynamics 365 Finance. It delves into the intricacies of setting up and maintaining main accounts, which are important for recording financial transactions and balances.
Imagine you are a finance manager at a multinational corporation. You are tasked with setting up main accounts for your organization's new legal entity. The accounts need to be configured for automatic transactions like discounts and rounding differences. Additionally, you need to allocate account balances from one account to multiple destination accounts. You also need to analyze subledger data for accounting purposes and create user-defined fields on transactions using financial tags. Lastly, you need to define the closing process for the main account and set up validation settings for account postings. This scenario is common in many organizations, and understanding how to manage main accounts effectively can significantly streamline your financial operations.
This module explores the following features in Finance that can help you streamline your business processes:
Main account categories
Main account information
Main account validation
Allocation terms
Main account closing options
Accounts for automatic transaction