#msdyn365

Leading Microsoft Dynamics 365 Partners & Consulting Companies in 2025

Looking for a new challenge that will allow you to showcase skills and take your career to the next level?

Job Position: Msoft FO Lead Architect Technical

Expertise in: MS Dynamics 365 F&O, pre-sales and delivery

Apply Now: https://bizessence.com.au/jobs/msoft-fo-lead-architect-techical/

Finding The Limits of Low-Code #CitizenDeveloper #msdyn365 #PowerPlatform

A LinkedIn post led me to a blog article entitled “Here’s why customers should stop paying for customizations!“. In it, the author, Guus Krabbenborg suggests that organizations using Microsoft Dynamics 365 would be much better off if they used out-of-the-box capabilities and did not resort to customizations. Although I greatly respect Guus, I could not disagree with him more on this one. (more…)…

Dynamics 365 gives you exceptional customer connections to deliver transformative outcomes using an intelligent tools.

The Works Services-as-a-Subscription Model Update #msdyn365 #PowerPlatform #WorksUpdate

Back in May, I wrote a post describing a completely new Services model we call “The Works from Forceworks”. It is a Services-as-a-Subscription model that is unique in the industry. I also promised to follow up with our learnings from this new model, so today I will do just that. (more…)

Power Platform Outside the Bubble #msdyn365 #powerplatform#explorethis

In my recent conversations with Charles Lamanna here and Jason Gumpert here, we discussed the explosive growth of the Power Platform. Then while listening to Jukka Niiranen on yet another podcast here, I was reminded that we are all inside the Power Platform bubble. From the outside, however, this bubble is tiny. (more…)

The “subscription economy,” in which pay-per-product companies are transitioning to subscription-based business models, has transformed the software industry. Software as a Service (SaaS) as a percentage of total enterprise software revenue rose from just 6% in 2010 to 75% in 2018, totaling more than $380 billion annually. These days, the subscription model has spread well beyond software to a wide array of other industries, from airlines to health and wellness.

What's less appreciated is how the subscription economy can be weaponised against sales teams that fail to adapt to the changing landscape. The results of a recent EY study show that only 55% of respondents feel their businesses are ready to shift to the subscription model. Respondents were concerned their sales teams lacked the talent, skills and infrastructure needed to successfully sell their products on a subscription basis. No department within a company will be more affected by the subscription economy than sales because it profoundly empowers the customer in several respects. 

Fewers Barriers To Entry

By removing significant, upfront capital expenses, the potential customer pool for the same goods and services will significantly increase. Such growth reflects the strength of subscriptions over capital expenditure-intensive transactions. According to research results, eight out of 10 companies have been sustaining or growing their subscriber base.

Fewer Barriers To Exit

Sales teams must be laser-focused on articulating their unique value proposition. There's much less customer lock-in with subscriptions because there's no upfront investment. Many millennials are "overwhelmed" by their subscriptions, and 43% say they plan to unsubscribe. Never before has a strong value proposition been more of a priority for sales teams.

Personalisation

Business value

With bank deposits, you post all transactions that are included in a single bank deposit. If you post a lump sum, it makes bank reconciliations easier to do. Also, if you need to register deposits that cover more than one business transaction, you might prefer to use deposits instead of general journal entries.

Feature details

Bank deposits let you maintain a transaction record that contains information that can be applied to outstanding invoices and credit memos.

By using bank deposits, you can easily view all transactions included in a deposit. Bank deposits also make bank reconciliation easier. These advantages make using deposits instead of general journal entries the preferred approach for registering deposits that cover more than one business transaction.

The Bank Deposit page specifies the bank account deposited into, total deposit amount, posting date, document date, dimensions, and currency code, as well as the deposit lines.

Deposit lines contain information about the individual deposited items, such as checks from customers, cash sales revenue, or refunds from vendors. This information includes the document date and number, account type and number, and amount. The total of the amounts on the deposit lines must add up to the total amount of the deposit entered on the deposit header before posting the deposit.

After you enter information about a deposit and add deposit lines, you must post the deposit to update the relevant ledgers, such as the bank ledger, general ledger, or customer ledger. The details about posted bank deposits are stored for future reference and are available on the Posted Bank Deposits page. Alternatively, you can also access the details when you do bank reconciliations.

The Deposit report displays customer and vendor deposits with the original deposit amount, the amount of the deposit that is still open, and the amount applied. The report also shows the total posted deposit amount to reconcile.

Find the bank deposits capabilities under Cash Management on the Business Manager and Accountant Role Centers. You can also use Tell Me to search for the Bank Deposits page.

Available in release 20.1:

You can now undo posted bank deposits. The action is found on the Posted Bank Deposits page and will reverse the G/L registers for the posted bank deposits.

If you have any further questions about Dynamics 365 Business Central, do not hesitate to contact us through our website