Exercise - Create payment invoices

  • 10 minutes

Before you begin

This exercise should be performed in a Dynamics 365 Finance application release version 10.0.16 or higher. The company that is used for this exercise is Contoso demo data, USMF. The Asset leasing feature must also be enabled in the Feature management workspace.

Scenario

Your organization needs to create monthly invoices for their leases. To create the Asset leasing journals, the following steps should be followed:

  1. Go to Asset leasing > Leases > Lease summary.
  2. Select USMF-0001 under Lease ID, with the Description of Building 1.
  3. Select Books in the Action Pane.
  4. Under the Function tab in the Action Pane, under Schedules, select Payment schedule.
  5. Select Confirm schedule in the Action Pane.
  6. Close the Payment schedule page.
  7. Under the Function tab of the Action Pane, select Initial recognition, and this will create the Asset leasing journal for the Lease.
  8. Go to Asset leasing journals under the Journals tab, next to the Initial recognition.
  9. Notice the transaction under Lines, and select Post at the top of the page. This will post the voucher to the journal.
  10. Close the Asset leasing journals page.
  11. Under Schedules, select Payment schedule.
  12. Select Period 0, and at the top of the page, select Create journal.
  13. To see the Monthly Lease journal that was just created, go to Asset leasing > Journal entries > Asset leasing journals.
  14. Select the journal you had just created and then select Lines.
  15. This transaction is for the Finance lease payment for 1,000 U.S.Dollars that was selected when you created the Asset leasing journal in the previous step.
  16. Now, post this transaction and close the page.