This chapter covered the accounts payable module in Microsoft Dynamics 365 for Finance and Operations, its integration with other modules, procurement, and inventory, and then explored vendor master data and characteristics that affect vendor transactions. We also learned about controls for invoice matching, three-way matching for products and two-way matching for services, putting vendors on hold, and invoice numbering.
In the next chapter, we will discuss accounts payable transactions invoicing, payment, prepayment, and settlement.
