User Review
( votes)One of the beautiful things about Microsoft Dynamics 365 is that it receives continuous updates throughout the year. 2020’s updates began in April and will continue through September. Here’s a rundown of the first wave of 2020 updates to Dynamics 365 Finance, Microsoft’s premier financial platform for large, complex organizations.
Core Financials
- Add Vendor ID, Customer ID, Vendor Name, and Customer Name to the voucher transactions list page (Apr 3, 2020)
- Allow filtering the Tax 1099 detail report by reporting year (Apr 3, 2020)
- Budget planning query optimization for performance (Apr 3, 2020)
- Credit management (Apr 3, 2020)
- Date range for Posted transactions by journals report (Apr 3, 2020)
- Prohibit submission to workflow when the invoice total and registered invoice total are not equal (Apr 3, 2020)
- Improve performance when copying charges to vendor invoice lines (May 8, 2020)
- Vendor invoice batch posting (May 8, 2020)
- Advanced ledger settlement: Settlement and reverse settlement processed separately (Jul 2020)
- Automatic vendor payment proposal (Jul 2020)
- 1099-DIV reporting option for total ordinary dividends (Aug 2020)
- Apply prepayments for finalized purchase orders to invoices (Aug 2020)
- Ensure vendor prepayment invoice amounts are greater than zero (Aug 2020)
- Retained earnings calculation enhancements for financial reporting when using currency translation (Aug 2020)
- Trial balance report with transactional detail and unposted GL transactions (Aug 2020)
- Apply changes to 1099-NEC and 1099-MISC forms for 2020 (Aug 2020)
Finance Insights
- Customer payment predictions (TBD)
- External data for cash flow forecasting (TBD)
- Forecast bank balance (TBD)
- Intelligent budget proposal (TBD)
- Treasurer workspace (TBD)
Globalization
- Electronic reporting advanced formula editor (Apr 1)
- Extended French localization: ISO 20022 format for international payment and treasury transfer (Apr 3)
- Extended Italian localization: Advanced notes management (Apr 3)
- Extended Italian localization: Bank account setup enhancement (Apr 3)
- Extended Italian localization: Improved inquiry on debit/credit (Apr 3)
- Extended Italian localization: Miscellaneous charges per kilogram in Intrastat declaration (Apr 3)
- Extended Italian localization: Posting invoices with zero amount (Apr 3)
- Extended Italian localization: Sales invoice lines sorting by packing slips (Apr 3)
- Extended Italian localization: Separate accounts for credit notes (Apr 3)
- Extended Italian localization: Tax invoice for goods delivered for free (Apr 3)
- Extended Swiss localization: QR-bill implementation (Apr 8)
- Use fiscal data from an invoice account (Jul 2020)
- Improvements in unit price and cost price handling in Stock transfer orders for India (Aug 2020)
- Extended Italian localization: General ledger simulations (Aug 2020)
- Extended Italian localization: Intent letters – invoicing of usual exporters (Aug 2020)
- Extended Italian localization: Unique Certification (Aug 2020)
- Extended Italian localization: Commission settlement on payments (Aug 2020)
- Extended Italian localization: Configurable posting profiles for banks and remittance types (Aug 2020)
- Extended Italian localization: Protest handling for bills of exchange (Aug 2020)
- Extended Italian localization: Tax plafond (Aug 2020)
- Configurable business documents: Word templates (Sep 2020)
- Configurable business documents: Conversion to PDF (TBD)
- Configurable business documents: Direct printing (TBD)
Public Sector
- Daily statement of treasurer’s accountability (Apr 3)
- Update bank balances when posting transactions using advanced ledger entry (Apr 3)
- Allow interest distribution and escheatment to update bank balances when posting (May 1)
- Remove option to replace budget plan (Jul 2020)
- Add lines to PO invoices associated with a purchase agreement (Jul 2020)
- A-133 Circular Report for Grants (SEFA) (Aug 2020)
- Canadian Harmonized Sales Tax (Aug 2020)
- Schedule of Expenditures of Federal Awards inquiry (Aug 2020)
- Vendor details to bridged transactions and check forms (Aug 2020)
