Customer and Vendor payment options

Dynamics 365 Finance

D365FO provides various ways to process customer/vendor payments in a B2B context, focusing on creating journals and recording payment details.
When architecting the business process, criteria like stability of entry and volume of entries help determine the best option for user requirements.
The payment process in D365FO involves two activities: making disbursements and matching invoices.
The article discusses alternative payment options including manual entry, settlement function, payment proposal, and automatic payment.
Manual entry requires users to post payments and manually settle invoices, while other options allow for contemporaneous payment and matching.
Setting the default offset main account on the payment journal configuration is recommended to streamline the process.
Different payment methods like EFT, SEPA, and checks each have their own configuration and process that deserve separate articles for deeper understanding.
Precise customer/vendor master data manipulation and correct purchase order management contribute to the fluidity of the financial process in D365FO.

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