EPISODE 58 | Posting Profiles Setup in Microsoft Dynamics 365

For someone like me who does not have a finance background, it is very difficult and confusing to understand the accounting logic and general ledger entries in Microsoft Dynamics 365. In this episode, I have tried to explain the financial postings in a very simplified language so that everyone can understand them.
Posting profiles are the point of integration between the sub-ledger (fixed assets, accounts payable, inventory, banks, accounts receivable, project, and production) and the general ledger. It is a set of main accounts that are used to generate the automatic ledger entry in which a transaction has occurred. It is possible to select different main accounts for each type of sub-ledger transaction. Microsoft Dynamics 365 for Finance and Operations offers flexibility in setting up posting profiles.

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Timecode
00:00 - Episode introduction
02:00 - Posting - Purchase tab
11:40 - Posting - Sales Order tab
23:02 - Posting - Inventory tab
25:50 - Bonus topic - Purchase expenditure