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Financial dimensions - Setup

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Posted on by Kuhn

Hi,

who can explain me the advantages of the setup of financial dimensions (e.g. cost centra) as an operation unit in the module "organisation administration" instead of the common way to do the setup locally in "general ledger"? I have to allocate them in both ways via account structures so that they can be booked (locally) and have the advantage to use the translation function of the dimension names.

Do I have advantages in reporting things? Where and how?

Thanks. I cannot find any advantages with the the docs of Microsoft.

Nicole

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Ludwig Reinhard Microsoft Employee on at

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RE: Financial dimensions - Setup

Hello Nicole,

Has your question been answered?

Would be great if you could keep us updated whether some additional help/information is required.

Many thanks and best regards,

Ludwig
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saurabh bharti 15,039 Super User 2024 Season 2 on at

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RE: Financial dimensions - Setup

Hi Nicole,

Here are few other befits of using FD like Cost center, Departments, BU etc..

1. You can define your financial reporting( Management Reporter) using organization hierarchy where all these operation unit can be part of that hierarchy examples are Tree structure P&L

2. Different workflows can be defined using this , classic example is "Purchase Requisition workflow" where organization needs approval flow based on department manager or reporting manager of particular department
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Ludwig Reinhard Microsoft Employee on at

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RE: Financial dimensions - Setup

Hello Nicole,

The advantage of setting up cost centers and business units in the org. admin module is that you can use them in hierarchies.

This can be very beneficial if you have - for example - invoice workflows that need to be passed through your company based on a hierarchy and related signing limits.

That's one example why one would setup cost centers and business units in the org admin module.

Best regards,

Ludwig