D365 Petty cash review

Dynamics 365 Finance

The article discusses the development and release of the Petty cash addon to the Bank and cash module in Microsoft Dynamics 365 Finance.
To activate the add-on, users need to enable Petty cash in the Feature management and configure it in Cash and bank management parameters.
The setup involves creating a symbolic cash account, attaching a general ledger account to it, and setting up balance checks based on regional regulations.
Users must specify number sequences for cash slips, configure a GL Journal name for the Cash type, and can then start registering cash operations in the Slip journal.
Cash operations include sales transactions, where cash accounts are debited and revenue accounts are credited, and payments, where cash accounts are credited and expense accounts are debited.
The article highlights differences in legal requirements and practices for printing cash slips between Eastern and Western Europe.
The add-on is deemed less useful in Western Europe due to advancements in D365 for Finance and the availability of alternative methods for managing cash transactions.
Despite its limitations, the module may still have applications in industries like construction for paying temporary workers.

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