Work with accounts payable in Dynamics 365 Finance
Accounts payable are a liability due to a creditor when you order goods or services without paying in cash up front, which means that you buy goods on credit. Learn how to configure accounts payable in Dynamics 365 Finance, record vendor invoices, and distribute expenses, tax, and charges across accounts.
Prerequisites
- Basic understanding of finance and accounting processes.
- A general understanding of purchase order invoicing.
- The ability to use Finance for basic processing
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Modules in this learning path
You can enter vendor invoices manually or receive them electronically. You learn how to configure the Accounts payable module in Dynamics 365 Finance to empower accounts payable staff to perform their daily activities.
Through tools like the invoice register, approval journals, and vendor invoices, Dynamics 365 Finance streamlines invoice management, enhances accuracy, and provides flexibility to help meet diverse organizational needs.
By working with accounts payable daily procedures in Dynamics 365 Finance, your organization can streamline the payment process for vendor invoices by using payment journals and proposals. These tools help with efficient payment creation, approval, and posting by allowing users to select invoices based on specific criteria, such as due dates and cash discount opportunities.
Your organization can use Accounts payable invoice matching in Dynamics 365 Finance to enhance financial accuracy by ensuring that invoices align with purchase orders and product receipts. It helps reduce errors, improve compliance with company policies, and streamline the invoice approval process. By automatically detecting discrepancies, it helps save time and minimize the risk of overpayments, ultimately contributing to better financial control and efficiency.
Accounting distributions are used to define how an amount is accounted for. For example, how the expense, tax, or charges are accounted for on a vendor invoice. Every amount must be accounted for when the vendor invoice is journalized has one or more accounting distributions.
Optical character recognition (OCR) is a technology that enables organizations to automate data extraction from scanned documents or images. You can convert text from the source document to machine-readable data within Dynamics 365 Finance.