News on Dynamics 365 Finance 10.0.41
Features included in this release
Feature Name : Financial tag for purchase order invoicing
Area : AP
Purpose : Uses financial tags to track processes and ensure accurate analysis of financial data across procurement-to-pay transactions.
Feature Name : Prepayment customer invoice feature
Area : AR
Purpose : Creates and manages invoices for customer prepayments. Customers can issue prepayment invoices to require a deposit before a sales order is fulfilled.
Feature Name : Free text invoice performance boost
Area : AR
Purpose : The increasing volume of data was causing the free text invoice page in Dynamics 365 Finance to be loaded slowly. It was also causing performance issues when the workflow was enabled. To address these issues, two key changes were made:
Feature Name : Modern bank reconciliation
Area : Cash & Bank Mgmt
Purpose : Clear reversal company transactions, generate vouchers and payment journals, and settle open customer invoices.Bank reconciliation matching rules are enhanced to automatically run these capabilities through user-defined criteria.This feature is generally available for production environments in Dynamics 365 Finance version 10.0.41.
Feature Name : Automatic clear bridged transactions through advanced bank reconciliation
Area : Cash & Bank Mgmt
Purpose : Automatically clears bridged payment transactions through bank reconciliation. The transactions don't have to be manually cleared in the general ledger. Users can set up a bridging account for each bank account. This feature is generally available for production environments in Dynamics 365 Finance version 10.0.41.
Feature Name : Customer balance statistics deletion job
Area : Credit and collections
Purpose : Users can efficiently manage long-term data stored in the Customer balance statistics table. This enhancement includes a Delete outdated balance statistics records periodic task designed to remove unnecessary records from the table, alleviating potential performance impacts associated with data overload.
Feature Name : Customer data maintenance
Area : Credit and collections
Purpose : A new data maintenance page is available that streamlines data consistency. This page allows customers to view and manually retry failed updates, and resolve issues without relying on support tickets.
Feature Name : Consider split transaction in derived books posting (Public preview)
Area : Fixed assets
Purpose : This feature automates the process of posting split transactions from the main book to specified derived books, based on the configuration that is set up on the Asset book page. That configuration defines how transactions are posted based on transaction type. After the feature is enabled, split transactions are automatically posted according to the predefined settings. Therefore, manual intervention isn't required.
Feature Name : Allow depreciation when placed in service and disposal are in the same fiscal year (Public preview)
Area : Fixed assets
Purpose : When the Allow depreciation when placed in service and disposal are in the same fiscal year option is enabled on the Fixed assets parameters page, depreciation is calculated when an asset is both put into service and disposed of during the same fiscal year.
Feature Name : Lease import framework update
Area : Fixed assets
Purpose : This feature involves enhancements to Asset leasing's lease import framework and affects two tables: AssetLeaseLeaseImportHeader and AssetLeaseLeaseDetailsImport. Additional functionality allows for easier deletion in the lease import records.
Feature Name : Validation feature for year-end close process
Area : General ledger
Purpose : This feature validates the year-end closing to detect issues. If any issues are found, the feature suggests a resolution. This feature ensures accurate ledger balances in both accounting and reporting currencies, and recommends best practices for managing large dimension sets.
Features enhancements in this release
Feature Name : Modern bank reconciliation
Area : Cash & Bank Mgmt
Purpose :
There are various enahncements made
Bank statement reconciliation matching rule functionality is improved for the Settle customer invoice and Generate customer payment actions. This improved functionality enables automatic searches of a customer account, based on a matching customer bank International Bank Account Number (IBAN).
Users can define a journal description when a voucher or payment journal is generated during the bank reconciliation process.
customers can define financial dimensions when a general voucher is generated during the bank reconciliation process.
Feature Name : Customer payment journals
Area : Credits and collections
Purpose : Payment journals with multiple payment lines, with undisputed collections status, is now faster and more efficient.
Feature Name : Customer aging report
Area : Credits and collections
Purpose : Performance improvement when calculating the aging bucket balances in the customer aging report.
Feature Name : Use fiscal data from invoice account includes sales order from subscription billing
Area : Subscription billing
Purpose : Sales orders that are created from billing schedules in Subscription billing now follow the setting on the Accounts receivable parameters page. If the setting is Always, the fiscal data on the sales order comes from the invoice account.
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Feature Name : Performance improvement for the Schedules lines inquiry report for deferrals
Area : Subscription billing
Purpose : On the Schedules lines inquiry report, the inquiry has been changed to set-based. This change, together with a new date restriction and the relocation of the totals to a button at the top of the page, significantly speed up the display of the inquiry report.
Feature Name : Reset workflow approval status for unposted journals
Area : General ledger
Purpose : A new periodic task lets administrators reset the workflow approval status of a journal entry to Draft or Not submitted. A journal can be reset if it belongs to the current entity, it isn't posted, and it isn't a system-blocked journal.
Feature Name : OANDA Central Banks currency provider option added
Area : General ledger
Purpose : A new currency provider option of OANDA Central Banks is available to select in the Configure exchange rate providers page. This new provider option allows you to select a supported central bank for the exchange rates. Contact OANDA directly for the updated key and full list of central banks you can use.
Feature Name : Tax calculation
Area : Support multiple VAT registration numbers for Sales orders
Purpose : The restriction has been removed for the scenario where sales tax codes are assigned to different registration numbers under the same sales order. Invoice posting requires a single value-added tax (VAT) number. You can't have different VAT registration numbers on the same invoice. During sales invoice posting, order lines that have the same VAT registration are included in one invoice. Sales orders that have different VAT registrations at the line level are split into separate invoices. Validation is managed by the Check tax registration number in document lines parameter on the Accounts receivable parameters page. The parameter options are None, Warning, and Error.
Feature Name : Tax calculation
Area : Customer type and vendor type in the standard data model
Purpose : The standard data model is extended through the following fields on the header: Customer account type, Customer invoice account type, Vendor account type, and Vendor invoice account type.
Features turned on by default in this release
Vendor invoice automation with tax registration
Enable recurring Accounts payable invoice
Vendor invoice register approved
Enable external tax solution providers for Tax calculation service (Universal tax rate API)
Sales tax rate on invoice date in purchase order credit note
Tax in transfer order
Control zero-amount sales tax difference entries for Czech Republic (CZ)
Tax calculation service
Credit and collections analytics performance improvements
Consistency check for tax transaction general journal account entry association for bank exchange rate
Display vouchers in bank statement
Advanced bank reconciliation improvement: enable group conditions in reconciliation matching rules
Advanced bank reconciliation improvement: enable filtering and provide separate grid for new transactions
Automatic importing bank statement from SharePoint folder
Enable batch mode for Mark as reconciled in advance bank reconciliation
Reverse correction amount in advanced bank reconciliation when use bank statements as confirmation of electronic payments parameter is enabled
Use the time zone option on the Bank statement import page for BAI2 format bank statement ID generation
Petty cash
Enable check number validation
Exchange rate type enhancement for accounts payable and accounts receivable foreign currency revaluation
Exchange rate type enhancement for bank foreign currency revaluation
Accounts payable and accounts receivable foreign currency revaluation performance improvement by splitting into even batches
Features removed from Feature management
Below functionalities are enabled out of the box:
Support batch input of tax codes in tax group setup and item tax group setup.
(Russia) Tax differences registers by balance method
Calculate origin amount for sales tax specification by ledger transaction report.
Tax setup validation
Performance improvements for VAT register transactions page.
Generate GST transaction ID at export invoice posting.
Tax settlement rounding based on the customized currency decimal places.
Sales tax rate on invoice date in vendor invoice journals.
(Poland) Tax exempt number in sales tax transactions.
Packing slip date as the delivery date for sales tax calculation (sales tax rate determination).
Enable tax registration data advanced search for reports.
Copy tax registration number as default VAT exempt number.
Keep GST tax document for confirmation journal.
Disable Russian address format validation.
Separate sales tax payment report generation from sales tax settlement.
Sales tax payment performance improvement.
Populate financial dimensions to the realized currency adjustment profits/loss accounts for sales tax settlement
Ability to post detailed vendor and customer payments, but summarize amounts to bank account
Enhanced filtering on the cash position inquiry
Calculate the average exchange rate based on the main account code only
Product name translation fix
Microsoft Dynamics 365 F&O Finance Functional Consultant
6 个月Great stuff Anitha