Accelerate your year-end close process

Accelerate your year-end close process

by | Dec 16, 2022 | Dynamics 365, Microsoft 365, Technology

This article is contributed. See the original author and article here.

The year-end close process is a cumbersome, multi-step task that ensures an organization can provide accurate annual reports and financial statements for its stakeholders. It’s critical to get it right, but the process can be intimidating and overwhelming. Trying to balance the workload among overstressed accounting staff can result in errors, multiple manual adjustments, and pressure on the finance department. The new Optimize year-end close feature in Microsoft Dynamics 365 Finance can help.

Year-end close moves to a dedicated service with more visibility

With the new optimization, the heavy processing moves to a dedicated service, reducing resource consumption on SQL and batch servers and allowing the process to run more efficiently. The time saved enables your finance team to react quickly to make necessary adjustments.

What’s more, users can view the status of the process for each legal entity in real time from its own page rather than having to go to the batch job history. The added visibility gives the accounting manager confidence that each step is progressing. And when the year-end process is complete, they’ll have insight into how long each step took.

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 We’ve also added some balance sheet financial dimensions in detail to the Year-end close template page, giving organizations more control. This also reduces the need to create many financial dimension balances, all of which require time and processing.

How to get started

Excited to try this new functionality? There are just two steps that you need to follow.

First, install the Optimize year-end close service add-in from your project in Microsoft Dynamics Lifecycle Service.

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Then, enable Optimize year-end close in Feature management.

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The new functionality is available immediately in versions 10.0.29 and later of Dynamics 365 Finance.

You can go back to the current functionality by disabling the optimization in Feature management.

Next steps

Read the documentation for a more detailed look at the feature: Optimize year-end close – Finance | Dynamics 365 | Microsoft Learn.

Learn more about what else is new in Dynamics 365 Finance.

Not yet a Dynamics 365 Finance customer? Take a guided tour and start a free trial.

The post Accelerate your year-end close process appeared first on Microsoft Dynamics 365 Blog.

Brought to you by Dr. Ware, Microsoft Office 365 Silver Partner, Charleston SC.

How to migrate SQL Server to Azure SQL Database offline using Azure Data Studio | Data Exposed

by | Dec 16, 2022 | Technology

This article is contributed. See the original author and article here.

In this episode of Data Exposed with Carlos Robles and Anna Hoffman, we will discuss the recent public preview release of the Azure SQL Database offline migrations using the Azure SQL Migration extension for Azure Data Studio.

The new migration capability in the Azure SQL Migration extension provides an end-to-end experience to modernize SQL Server to Azure SQL Database. The extension allows you to perform a migration readiness check with actions to remediate possible migration blockers, export the assessment results, and get right-sized Azure recommendations. These recommendations include an all-new elastic recommendation model to meet your database performance needs.


 


Watch on Data Exposed


 


Resources:


Tutorial: Migrate SQL Server to an Azure SQL Database offline using Azure Data Studio with DMS (Preview)


Introducing Azure SQL Database offline migrations for the Azure SQL migration extension 


SQL Server database migration – PoC Environment Setup 


Migrate databases with Azure SQL migration extension for Azure Data Studio


 


View/share our latest episodes on Microsoft Learn and YouTube!

Samba Releases Security Updates

Samba Releases Security Updates

by | Dec 16, 2022 | Security, Technology

This article is contributed. See the original author and article here.

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FBI, FDA OCI, and USDA Release Joint Cybersecurity Advisory Regarding Business Email Compromise Schemes Used to Steal Food

by | Dec 16, 2022 | Security, Technology

This article is contributed. See the original author and article here.

The Federal Bureau of Investigation (FBI), the Food and Drug Administration Office of Criminal Investigations (FDA OCI), and the U.S. Department of Agriculture (USDA) have released a joint Cybersecurity Advisory (CSA) detailing recently observed incidents of criminal actors using business email compromise (BEC) to steal shipments of food products and ingredients valued at hundreds of thousands of dollars. The joint CSA analyzes the common tactics, techniques, and procedures (TTPs) utilized by criminal actors to spoof emails and domains to impersonate legitimate employees and order goods that went unpaid and were possibly resold at devalued prices with labeling that lacked industry standard “need-to-knows” (i.e., necessary information about ingredients, allergens, or expiration dates).

For more information, CISA encourages organizations to review the guidance provided by the FBI, FDA OCI, and USDA in joint CSA Criminal Actors Use Business Email Compromise to Steal Large Shipments of Food Products and Ingredients—whereby businesses are urged “to use a risk-informed analysis to prepare for, mitigate, and respond to cyber incidents and cyber-enabled crime.”