Business Analytics and Visualization

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It has been a while since I posted a blog article.  Things have been busy and unfortunately my blog has suffered.  Not only have I been busy working in the Microsoft Dynamics 365 and Power Platform arena, but I have also been teaching at a local university.  This past semester I taught Business Analytics and Visualization.  It was a fun course to teach and I was able to introduce business students to the power of analytics using both Power BI and Tableau.  The text for the course was Introduction to Business Analytics, 1 st Edition by Vernon Richardson & Marci Watson.  The text did a great job of covering the types of analytics and the mindset and approach you should follow as a business analyst.  I recently used some of this material in a presentation at an FPnA conference, and it was well received, so I thought I would put the thoughts together here for everyone to read. In today's data-driven world, the ability to transform raw data into meanin...
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Progress Billings with Project Accounting & Sales Orders

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I was recently working with a couple customers that have very large orders and they need to invoice when the order is booked and maybe issue a couple progress invoices while the order is processed. 

There are a few ways this can be handled in D365.  Unfortunately, Microsoft disabled the prepayment tab on the sales order tab in version 10.0.14.  There is currently an idea posted inside the Microsoft ideas portal to add a function to handle prepayments. 

Hopefully Microsoft will address this issue in the near future.  However, I needed to find a solution for today, and using Project Accounting seems to give an acceptable solution for managing the progress payments.  

The key to this approach is using the Customer Advance on the Project screen. 



It is also important to make sure you have setup the proper liability account for the prepayment invoice.  This is done in Project - Setup - Posting - Ledger Posting Setup.


To see how this works in action I have put together a demo video.  Hopefully this will help you understand how you can track progress billings with D365 Finance & Supply Chain.



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