Dynamics 365 Business Central
Category
Mar 27, 2024
Published date
Text
Article Type
AI Summary
- Efficient invoicing is crucial for any business as it helps improve cash flow, maintain customer relationships, and provide accurate financial records.
- Invoicing at the right time helps avoid delayed payments and reduces customer support requests.
- Invoice accuracy is essential, including invoicing the correct goods or services at the right price and providing all necessary information for customers to process the invoice.
- There are two ways to process a sales invoice in Business Central: through sales orders or sales invoices (also known as draft invoices).
- Setting up number series for sales documents and posted sales invoices is important to avoid confusion in auditing.
- Revenue categorizations, such as posting groups and the Chart of Accounts, are necessary to link sales transactions to the general ledger.
- Creating and posting a sales invoice automatically from a sales order is the simplest method, but attention should be paid to field values like the posting date.
- Creating a draft invoice and invoicing from a shipment allows for segregation of duties, consolidation or partial invoicing, and automation through the Combine Shipment functionality.
- Business Central supports integration with external billing and payment systems, allowing for payment links in the invoice PDF document.
- Complex invoicing approvals can be designed in Business Central based on factors like invoice amount, customer credit limit, payment terms, currency, or specific items in the sales document.
- Efficient sales invoicing should prioritize accuracy, timing, and compliance to optimize the invoicing process. Business Central offers multiple invoicing methods to choose from.
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