KB142 :MS Dynamics 365 Business Central & Overview Of Its Purchasing Functionality

MS Dynamics

KB142 :MS Dynamics 365 Business Central & Overview Of Its Purchasing Functionality

KB142 :MS Dynamics 365 Business Central & Overview Of Its Purchasing Functionality 1280 720 Shrutidhara

Microsoft Dynamics 365 Business Central is a “comprehensive business management solution”. It was previously known as Microsoft Dynamics Nav (Dynamics Nav) and empowers small & medium-sized businesses (SMB’s) by streamlining their everyday business activities. Moreover, it is easy to configure & enables them to manage their core tasks seamlessly—for instance, Sales, purchasing, inventory, warehouse, planning, accounts, etc.

Therefore, in this blog, let us dive deeper & explore the Purchasing functionality of MS Dynamics 365 Business Central.

Create Purchase Invoice/ Purchase Order

With MS Dynamics 365 Business Central, businesses can easily create purchase invoices or purchase orders. Thus, it helps them in recording the costs of their purchases. Moreover, it also allows them to track accounts payable. Similarly, it uses purchase invoices and purchase orders for dynamically updating the purchase levels. By doing so, it enables them to minimize the inventory costs. At the same time, Dynamics 365 Business central also provides options like time units and facilitates the purchase of services.

Request Purchase Quote

MS Dynamics 365 Business Central allows businesses to create purchase quotes. Purchase quotes indicate the request for a quote from the Vendors. Further,  they can convert it into a purchase order/ purchase invoice to process the purchase.

Posting Purchases

Microsoft Dynamics 365 Business Central offers various posting actions on a purchase document. For instance, post, post & print, preview posting, test report, post batch, and so forth. By posting a purchase document, businesses can easily update the general ledger, item ledger entries, resource ledger entries along with the vendor’s account. Moreover, before posting purchases, they can print a test report. Consequently, businesses can access all the relevant information in the purchase order and check for errors.

Correct or Cancel Unpaid Purchase Invoices

With MS Dynamics 365 Business Central, the businesses can correct or cancel unpaid purchase invoices by automatically creating a credit memo. While on the one hand, they can cancel the purchase invoice. On the other, they can create the purchase invoice again and accordingly make corrections.

Combine Receipts on a Single Invoice

Microsoft Dynamics 365 Business Central offers intelligent features like the Combine receipt’s function. For example, it allows businesses to invoice multiple receipts from the same vendor.

Process Purchase returns or cancellations

Microsoft Dynamics 365 Business Central enables businesses to process returns or cancellations by creating and posting a purchase credit memo. By doing so, they can specify the requested change regarding the original purchase invoice. Moreover, businesses also have the option of creating the credit memo directly from posted purchase invoices. At the same time, they can also create a new credit memo by using copied invoice information.

Receive & Convert Electronic Documents

MS Dynamics 365 Business central provides features like OCR (Optical Character Recognition Service) service. As a result, businesses can create purchase invoices automatically. They can first convert the PDF invoices from Vendors into electronic documents. After that, by using a workflow, the electronic documents are converted into purchase invoices.

Manage Blanket Purchase Orders

MS Dynamics Business Central provides businesses with the Blanket Purchase Order Feature. It helps them in effectively managing large orders.

Our team at Dhyey works round the clock to assist businesses in their growth journey. So, if your company is looking for ERP services in Gujarat or anywhere in India or around the globe, drop us an email at enquiry@dhyey.com.  We would be glad to set up a free demo for your brand.
Also, as a consultant & a Microsoft Gold Partner with over 11+ years of industry experience, we can assure you a seamless transition experience while upgrading from Microsoft Dynamics Nav to Microsoft Dynamics 365 Business Central. For more details, contact us at enquiry@dhyey.com.