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Difference between Financial Dimension and Financial Dimension Set

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Hi ,

Greetings for the Day!!!!

Can any one explain me the difference between the Financial Dimension and Financial Dimension Set??

Regards,

Srikanth.

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Ludwig Reinhard Microsoft Employee on at

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Hi,

In a nutshell, financial dimensions are for example your cost centers, business units or alike.

The financial dimension sets group one or more financial dimensions and are then used for example in the trial balance form to analyze the postings on the different financial dimensions used.

Best regards,

Ludwig

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Nagendra Varma K on at

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Hi Srikanth,

Refer below,

docs.microsoft.com/.../financial-dimensions &

technet.microsoft.com/.../aa571570.aspx

Financial Dimension Sets are usually combinations of dimensions for reporting purpose.

above links will give you more insight.

Thanks

Nagendra varma K

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Community Member on at

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Hello,

Financial dimensions are Business unit,Department,Cost center and we can can define other financial dimenssions also as per business requirement.

Financial dimension set are group of finacial dimensions. we can define as per set of financial dimensions.

Financial dimension set are using to get more clear about a particular transations of a particular financial dimension.

for example- want to see the ledger transations of a particualr employee of a particular department. so, we define the finanial dimensions in order and apply this fincial dimension set in tral balance.

Regards,

Subrat

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Hossein.K 6,648 on at

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Hi Srikanth,

Financial dimension sets have several purposes. Financial dimension sets are used to determine how reports and inquiries related to the general ledger are rendered.

Financial dimension sets are used to calculate balances during the posting process. Balances can also be scheduled for calculation or manually updated.

Balances are stored based on the financial dimension set and are calculated based on the option to calculate with posting or batch schedule. Financial dimension sets also drive the data displayed in the Trial balance list page.

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