BBCG.03.07.D365.2.PDF: Configuring the General Ledger within Dynamics 365 Finance (Second Edition)- Module 7: Configuring Accrual Schemes (Digital)
The Waterdeep Trading Company is the purveyor of all the finest adventuring supplies to travelers, rogues, wizards, and clerics in all Faerûn, and are headquartered in the great city of Waterdeep on the Sword Coast.
Recently they have been experiencing a huge upswing in the traffic through their store and have realized that the old quill and scroll-based financial system is not going to scale anymore. Their manual supply chain management processes that they are using will not handle their forecasted future demand.
As a result, they have taken the step to modernize their finance and supply chain systems and implement Microsoft Dynamics 365 to manage all their legal (and not so legal) entities. The following is a journal of how they set up their system and how they tweaked the system to make it work perfectly.
If you have any revenue recognition requirements, or if you want to recognize costs at times after the costs have been incurred, then you will probably also be interested in tracking accruals within the ledger. We can set these up with Accrual Schemes within Dynamics 365 for Operations.
These allow us to redistribute posting values within a Journal to different periods to manage accruals, rather than track them by hand.
This module will show how to configure and use Accrual Schemes and show you how they work within the Journals.
- Creating an Accrual Scheme
- Applying Accrual Schemes to Journal Vouchers
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