The core objective of running a business is making a profit, which requires making revenue that covers the costs and adding a margin to secure a profit. The core role of management is to achieve this profit; the ERP application gives the management the necessary business insights to monitor business performance.
Microsoft Dynamics 365 for Finance and Operations manages and controls day-to-day transactions that occur in the company; these transactions are transformed into financial information that represents the key component of financial statements (balance sheet and income statement), which are expenditure and income; in other words, cash out and cash in. All these are shown in the following diagram: ...
