Finance Management with Microsoft Business Central: Web Masters 

Looking for an easy-to-use finance management tool? Microsoft Business Central has you covered! Get a free trial & get the most out of it!

Finance management is a critical part of running a successful business. And while there are many different software solutions out there to help you manage your finances, Microsoft Business Central is a great option for businesses of all sizes. 

Business Central is a comprehensive business management solution that helps you automate finance processes, get real-time insights into your business, and improve decision-making. It’s also easy to use and comes with all the features you need to manage your finances effectively. 

If you’re looking for a finance management solution for your business, Microsoft Dynamics 365 Business Central is definitely worth considering. Now let’s look at its finance modules & its uses will help you to keep track of your activities. 

Finance Modules & Their Uses Offered by the Microsoft Dynamics 365 Business Central

Name of Module	Useful for
Managing Receivables	Incoming payments Bank account statements  Collection of outstanding balances
Managing Payables	Make Payments via online or cheques
Invoicing Prepayments	Get payment in advanced from customers or vendors before shipping goods
Reconciling Bank Accounts	Transfer funds from one bank account to another
Managing Intercompany Transactions	Manually or automatically setup transactions for intercompany partners
Managing Inventory Costs	Manage inventory and manufacturing costs, along with robust report
Understanding the General Ledger and the COA	Analyze the general ledger and the chart of accounts (COA).
Consolidating Finance Data from Multiple Companies	combine finance statements of different stores/ firms/ organizations into one finance statement for financial analysis.
Work with Dimensions	Add dimensions for business intelligence.
Create G/L Budgets	forecast different finance activities
Post Transactions Directly to the General Ledger	Record income and expenses directly in the general ledger/ accounts book
Reverse Journal Postings and Undo Receipts/Shipments	Reverse entries to undo value postings on on purchase or sale
Allocate Costs and Income	Allocate an entry in a general journal
Use Item Charges to Account for Additional Trade Costs	Assign extra costs like freight and physical handling expenses
Record and Reimburse Employees’ Expenses	employee expenses for work-related activities and make reimbursements directly
Defer Revenues and Expenses	Allocate revenues and expenses to periods other than the ones in which the transactions occurred.
Work with Recurring Revenue	Automated subscription invoices for customers
Update Currency Exchange Rates	Use additional currencies and update currency exchange rates automatically
Import Payroll Transactions	Import salary transactions from your payroll provider
Convert Service Contracts that Include VAT Amounts	Manually convert service contracts to change VAT rate
Analyzing Cash Flows in Your Company	Analyze the the flow of cash in and out

Also Read: Most Common FAQs for Dynamics 365 Business Central

How to Use Finance Management Module?

As you can see from the image on the top there are various options like general journals, currencies, chart of accounts, GL account etc. You can simply click on it and fetch the data that you are interested in. 

How to Get a Business Central’s Finance Management Module for My Business?

Businesses must always maintain a keen eye on their finances. After all, it is the lifeblood of the company. For this reason, many businesses invest in comprehensive finance management software, such as Microsoft Dynamics 365 Business Cental especially the finance module. 

 The Finance Management Module is a great way to keep track of your business’s finances. It can help you plan and budget for the future, as well as track and manage your cash flow. It’s an essential tool for any business, and with Microsoft Dynamics Gold Partner, you can get it at a great price. 

 So if you’re looking for a better way to manage your business’s finances, be sure to get a free trial of it along with the best Microsoft Dynamics Partner such as Web Masters LLC. 

How to Get the Most from Microsoft Dynamics Business Central?

If you want to get the most from Microsoft Dynamics Business Central, working with a Gold Partner is the best way to go. Gold Partners have the highest level of expertise and experience with Microsoft Dynamics products. They can help you customize and implement Business Central to fit your specific business needs. 

Working with a Gold Partner also gives you access to exclusive benefits, such as early access to new features and product updates. So if you’re looking to get the most out of Business Central, working with a Gold Certified Microsoft Dynamics Consultant is the way forward. 

Which is the Best Gold Partner of Microsoft?

Web Masters LLC is proud to announce that it has been named the best Gold Partner of Microsoft. We are a partner of Microsoft who has shown the highest level of commitment to Microsoft and its products. 

 Web Masters LLC has been a Microsoft Gold Partner for over 30 years. In that time, we have built a reputation for providing the highest quality Microsoft-based solutions to our clients.