Comparing the Pay Vendor Process in Dynamics SL with Dynamics 365 Business Central
Paying vendors in Business Central compared with Dynamics SL payment selection. It covers payment journals, the Suggest Vendor Payments wizard, summarizing payments per vendor, a payment amount limit, and using vendor priority to filter suggestions and control cash flow.
- Introduction and Dynamics SL payment selection
- SL payment selection process and payment vouchers
- Business Central payment journals and suggest vendor payments
- Payment criteria and wizard defaults
- Payment suggestion results and payment-per-invoice setting
- Vendor priority functionality and priority levels
- Filtering by vendor priority and cash flow control
- Conclusion and resources
Overview
The video compares the pay vendor process in Dynamics SL, which uses payment selection and payment vouchers, with the equivalent process in Business Central. It is a 3-minute walkthrough published on 2024-07-26.
In Business Central, the demo creates a payment journal and opens the Suggest Vendor Payments wizard. It uses saved defaults, filters by payment date and payment documents, and summarizes payments per vendor. It then sets vendor priority levels and filters suggestions by priority so high priority vendors are paid first and cash flow stays controlled.
Key points
- In Dynamics SL, vendor payments start in Accounts Payable > Processes > Payment Selection, which lists the vouchers available for payment.
- Business Central creates payment journals and suggests vendors to pay based on criteria the user defines.
- In the Payment Journal, Prepare > Suggest Vendor Payments opens a wizard that can use previously saved defaults, so settings need not be re-entered each time.
- The Last Payment Date selects invoices due on or before that date, and available payment documents can be included.
- Choosing to summarize per vendor creates one payment per vendor instead of one payment per invoice.
- A total amount to pay (for example $20,000) can be entered to limit how much a payment run pays toward vendor invoices.
- Vendor priority is set in the Payments area of the Vendor Card, and the lower the number, the higher the priority.
Features
Every feature below: status not stated, demoed.
| Feature | At |
|---|---|
| Payment journals | 0:35 |
| Suggest vendor payments wizard | 0:48 |
| Vendor priority functionality | 1:51 |
| Payment grouping by vendor | 2:29 |
| Payment amount limit | 2:29 |
AL objects mentioned
As heard in the captions. A name that matches one object page by exact type and name links to it; the others stay as named.
- page “payment journals” at 0:48
- page 26 “Vendor Card” at 2:07
Not found in BC28-30: page “payment journals”.
Quotes
- 0:35 “Business Central allows you to easily create payment journals and suggest the vendors to pay based on criteria you’ve defined.”
- 1:01 “The suggest vendor payments wizard opens. I can select previously saved defaults so that I don’t need to re-enter information each time I create”
- 1:13 “The last payment date is how I can indicate that we want to pay invoices due on or before that date.”
- 1:51 “By using the vendor priority functionality in Business Central, BC will suggest payments to ensure that we’re paying our high priority vendors first.”
- 2:07 “The lower the number, the higher the priority.”
- 2:42 “We will then choose to summarize per vendor to create one payment per vendor.”
- 2:42 “I’m also going to type in that we want to pay $20,000 towards our vendor invoices for the month.”
- 2:54 “Through vendor priority and suggested payments, Business Central helps streamline paying your most strategic vendors and gives you better control of your cash flow.”