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What is the basic concept of Financial Dimensions? Please share some useful links.!
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Financials dimensions are what is referred to in other accounting software to be the "account string"
Ability to add to ledger account, on a particular transaction, a flag further categorizing the transaction.
so for example -
If you have 10 departments, and need to track separately travel expense for each department.
In a legacy system you would create 10 ledger accounts, and name them 6000-Marketing, 6000-IT, 6000-HR
In AX instead you can create 1 account, "6000", assign to it a financial dimension "department"
and then on each transaction posted int 6000, you get to specify the department (IT, HR, Marketing etc.) and the transaction is recorded with that particular value, allowing you later to breakdown the expenses by department.
Concept is clear but needs detailed info....! Can you please share some detailed article...?
Hi saif,
Check this link.
technet.microsoft.com/.../hh242697.aspx
Regards,
Sci
Hi Saif,
You can get started with Rachel's posts on that topic.
Please see this and the related posts on her blog
www.dynamics365lady.com/.../implementing-financial-dimensions-with.html
Best regards,
Ludwig
In Public Sector the Dynamics AX Financial Dimensions would be your chart of accounts usually consisting of a Fund, Department, Division (Cost Center), Program, Main Account, possibly a SubFund, Project, Org, and Location. Financial Dimensions will be used in AX to report Balance Sheet Accounts, Expenditures/Revenues, Advanced Ledger Entries etc. For example, if an invoice is entered for a vendor, the user enters Financial Dimensions to define what Department is being billed as well as Fund, Cost Center, Program and Main Account.
In Microsoft Dynamics AX, the chart of accounts is the structured list of the entities general ledger accounts.
COA Structure – Balance Sheet, Expenditure, Revenue
(OCA) (PCA) (OL 3 & GL) (Subsidiary) (Combined)
Fund Dept Division Program Main Acct SubAcct Obj LVL 1 Obj LVL 2 Function Subfnd_Project Location
XX XX XXXXXX XXXXX XXXX XXXXXX XX XXX XX XXXXXX XX
Hi Mahar,
There is a form of Financial dimension where you can create or update custom list dimension values and set properties for all financial dimension values.
Check also my tags: #Translation #MainAccount
Thanks Mahar
Comparing Microsoft docs' description, you are talking like a human being.
like this answer, it's kind of tags. finally understand it.
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