Robin Finnell
Application Consultant, PrenticeWorx
Tillamook, Oregon, United States
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Robin Finnell is a Functional Consultant who's passionate about the power of change management. She has over 16 years of experience in the Microsoft space, in both D365BC and D365FO and is a Prosci certified Advanced Change Practitioner/Trainer.
Area of Expertise
Topics
Subcontracted Manufacturing in Business Central
Subcontracting is a common practice in the manufacturing industry. Often, specific products necessitate the expertise or assistance of third parties during their creation. Managing multiple vendors within the production order process can quickly become complex. To address this, Business Central offers a module designed to help businesses efficiently monitor and manage subcontracting operations.
Understanding the BC Manufacturing Side from the Financial Chart of Accounts
In this session, we will delve into the intricacies of the Chart of Accounts specifically tailored for manufacturing businesses in Microsoft Dynamics Business Central. Participants will gain insights into how to effectively organize and categorize financial transactions to enhance financial reporting, compliance, and decision-making. We will cover key components such as inventory management, cost of goods sold, manufacturing overhead, & more.
Key Topics:
1. Introduction to the Chart of Accounts
- Definition and importance
- Structure and hierarchy
2. Specific Needs of Manufacturing Businesses
- Unique financial requirements
- Key components for manufacturing COA
3. Categorizing Manufacturing Costs using Dimensions
- Direct materials, labor, & overhead
- Cost of goods sold
4. Inventory Management
- Tracking and categorizing inventory
- Impact on financial statements
5. Best Practices for a Well-Structured COA
- Ensuring accuracy and compliance
- Streamlining reporting
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