Financial Management with Business Central

Microsoft Dynamics 365 Business Central is a modern digital end-to-end robust business management solution designed to help organizations achieve greater efficiency, streamline business processes and empower employees to react quickly to changing business needs with intelligent insights anywhere and on any device.  Microsoft Dynamics 365 Business Central Advanced Financial Management, along with its core financial management features, gives companies a vast array of accounting and financial capabilities for small to medium-sized companies.

Advanced Financial Management Capabilities:

• Cost Accounting provides an efficient way to control the company’s costs by providing visibility and insight into budgeted and actual costs of operations, departments, products, and projects.
• Cash Flow Forecast predicts how a company’s liquidity—cash and other treasure positions—will evolve over time.
• Intercompany Postings to manage accounting for more than one company in the same posting process
• Responsibility Centers to establish profit centers and cost centers. A company can sell items with specific prices related to a responsibility center.
• Fixed Assets to track fixed assets such as buildings, machinery, and equipment. Post-fixed-asset transactions such as acquisitions, depreciation, write-downs, appreciation, and disposal.  In addition to Allocation, Insurance, and Maintenace.
• Multiple Currencies to accept and work with a wide array of foreign currency transactions.
• Bank Account Reconciliation Import bank statement data from electronic files sent from your bank in ISO20022/SEPA format or other file types. Reconcile bank statement data automatically to open bank account ledger entries and keep track of all bank statements.
• Additional Financial Management and Accounting Features such as:
  • General Ledger
  • Dimensions
  • Budgets
  • Account Schedules
  • Consolidation
  • Intercompany Postings
  • Deferrals
  • Bank Account Management
  • Electronic Payment and Direct Debits
  • Check Writing