Skip to main content

Notifications

Finance | Project Operations, Human Resources, ...
Suggested answer

Financial dimensions - Setup

Posted on by 52

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

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    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

  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,039 Super User 2024 Season 2 on at
    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

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    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

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Community AMA December 12th

Join us as we continue to demystify the Dynamics 365 Contact Center

New! Quick response templatesâš¡

Save time with the new custom templates!

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,134 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 229,928 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Product updates

Dynamics 365 release plans