Connect With Dynamics AX People

  Introduction In any accounting software, it is always important to keep track of all real-time bank transactions and record them in the ERP. Since bank transactions are booked manually in the ERP, it is necessary to ensure that the bank statements and ERP records are matched on any given date. This is where bank reconciliation comes into play. Posted by : Hariharasudan Kandaswamy Reference : Cloud Fronts Bank Reconciliation Bank reconciliation is an activity done by any finance user for the purpose of reconciling book transactions w.r.t bank statements and ensuring that both are as closely matched as possible. D365 Finance offers two ways of performing bank reconciliations. One is by entering the bank statement amount manually and reconciling the ERP statements for each record against the amount. The other is by importing the bank statement into the system and letting the system match the records of the statement against the ERP based on a certain criteria. The blog is made with the

posted by : Hariharasudan Kandaswamy Author References : Giel   I was a bit late to the game here, but the trigger for writing this is that   Invoice Capture for Dynamics 365 Finance   has been made Generally available after going through a preview program. This Power Platform based solution allows for digital accounts payable invoices in PDF or image format to undergo OCR (Optical Character Recognition), thus retrieving the meta data required to populate the invoice entity in Dynamics 365 Finance. The recognition is based on an AI Builder model. From this, the Invoice Automation capabilities of Dynamics 365 Finance can be used to automate the invoice matching and posting process. This way a touchless AP invoice process can be achieved. This is a space that has been dominated by third party ISV solutions, and I was curious to what level of automation and exception handling the standard first party solution could go. Although there is quite a bit of documentation on these two solutions