In this chapter, we discussed the practices in the financial implementations of Microsoft Dynamics 365 for Finance and Operations. We focused on the general ledger, covering the types of main accounts, classifications, and control points. We also explained shared financial data. We also learned about opening balance best practices, daily transactions, global general ledger, Microsoft Excel integration. We then moved to the financial period close functionality and the monthly closing procedure.
In the next chapter, we will cover financial dimensions and practice practical reporting in Microsoft Dynamics 365 for Finance and Operations.