General ledger and Financial reporting home page
Use General ledger to define and manage the legal entity’s financial records. The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts.
You can allocate, or distribute, monetary amounts to one or more accounts or account and dimension combinations based on allocation rules. There are two types of allocations: fixed and variable. You can also settle transactions between ledger accounts and revalue currency amounts. At the end of a fiscal year, you must generate closing transactions and prepare your accounts for the next fiscal year.
You can use the consolidation functionality to combine the financial results for several subsidiary legal entities into results for a single, consolidated organization. The subsidiaries can be in the same Microsoft Dynamics 365 for Operations database or in separate databases.
- Accounting distributions
- Accounting source explorer
- Example: Balanced journal for interunit accounting
- Posting definitions
- Example: Posting definitions
- Financial period close workspace
- General journal processing
- Intercompany accounting
- Ledger allocation rules
- Ledger journal types
- Process allocations
- Fiscal calendars, fiscal years and periods
- Main account types
- Financial dimensions
- Accruals overview
- Close the general ledger at period end
- Consolidation and elimination overview
- Elimination rules
- Enter account and dimension combinations (segmented entry control)
- General ledger account balances
- Convert accounting or reporting currencies
- Foreign currency revaluation for General ledger
- Currency revaluation in a consolidation company
- Open lines in Excel from general journals
- Planning: Chart of accounts
- View journal entries and transactions
- Year-end close
Financial reports provide insights into an organizations financial state at the end of defined periods. Refer to the following resources for more information about financial reporting.
- Financial reporting
- View financial reports
- Resetting the financial reporting data mart after restoring a database
- Financial Performance content pack for Power BI
- Dynamics Financial Reporting blog
Every company collects and pays taxes to various tax authorities. The rules and rates vary by country/region, state, county, and city. In addition, the rules must be updated periodically when tax authorities change their requirements.
Sales tax codes contain the basic information about how much you collect and pay to the authorities. When you set up sales tax codes, you define the amounts or percentages that must be collected. You also define the various methods by which those amounts or percentages are applied to transaction amounts.
The topics in this section provide information about how to set up sales tax codes for the methods and rates that your tax authorities require.
- Sales tax overview
- Determining sales tax rates based on the Marginal base and Calculation method fields
- Sales tax calculation methods in the Origin field
- Whole amount and Interval calculation options for sales tax codes
- Sales tax payments and rounding rules
- Additional help is available as task guides inside Dynamics 365 for Operations. To access task guides, click the Help button on any page.
- For information about Microsoft Dynamics 365 for Operations training, see Microsoft eLearning (requires CustomerSource account).