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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / What is the best pract...
Microsoft Dynamics AX (Archived)

What is the best practice to get the working capital from AX 2012 R3 ?

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Posted on by mseddek 210

Hi ,
I need to know What is the best practice to get the working capital from AX 2012 R3 ?
and what if i want to apply financial dimension on some of Balance sheet accounts to get working capital analyzed by financial dimensions ?
3808.Working_2D00_Capital.png

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

    Hi,

    The easiest way to get the working capital calculated is creating a specific Management Reporter report. Simply list the accounts that are included in current assets and liabilities and calculate the difference.

    If you want to break down the working capital by findim such as business unit or alike, you have to make sure that this findim is always posted when those balance sheet accounts are recorded. This can be achieved by making use of the balanced findim functionality that is available in the ledger form in GL.

    Best regards,

    Ludwig

  • mseddek Profile Picture
    mseddek 210 on at

    Hi Crispin ,

    I'm happy generated Opening Balance , but my case is :

    I'm already applied financial dimensions on P&L accounts from two years , and now i need  to apply financial dimensions on Balance sheet accounts start from year 2019 to get working capital analyzed by financial dimensions , so i was asking about the best practice to get working capital from AX 2012 R3 analyzed by financial dimension.

    But i still face some problems in apply financial dimensions on Balance sheet accounts like AP invoice , i cant allocate vendor invoice amount on to different dimensions "department" without using an allocation later on in GL by using the ledger allocation rules, because it will create multiple lines for one single invoice ( not a solution because  multiple invoices on vendor transactions )

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

    Hi,

    Please have a look at this standard feature that can do what you are asking for:

    https://stoneridgesoftware.com/balancing-financial-dimension-field-in-ax-2012-r3/

    It won't get your historical transactions corrected and enriched with the financial dimensions but it will ensure that you get the findims posted on your BS accounts in the future.

    Best regards,

    Ludwig

  • mseddek Profile Picture
    mseddek 210 on at

    Hi Ludwig,
    Thank you , this standard feature solved my problems in AP invoices and project invoices.

    But i still have problem in vendor payment and customer payment,for example:

    Vendor payment:
    D/Vendor (AP) 1000$
          CR/Bank 1000$

    I need to allocate the amount on two different dimension value like below?

    D/Vendor(AP)-LOB X  700$
    D/Vendor(AP)-LOB Y 300$ 

    CR/Bank-LOB X  700$
    CR/Bank-LOB Y 300$

    Regards 

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Good Morning Mohamed,

    Thanks for this update and feedback.

    I ahve a question about the example for the vendor payment.

    How do you know that the payment needs to be distributed 70% to LOB X and 30% to LOB Y?

    Where do you get the criteria for this separation from or, expressed differently, what defines this kind of distribution in AX?

    Would be great if you could help clarifying.

    Thanks,

    Ludwig

  • mseddek Profile Picture
    mseddek 210 on at

    Hi Ludwig

    Thanks for continued follow up .

    In case of customer payment i get the criteria for this separation from the Project module,for example:

    I have Project contract ID (1), it contains two projects ID with two different LOBs ,Project A Lob (GAS)70% and project B Lob (water)30%

    when create project invoice :

    - I create fee journal on project A amount 700$ and fee journal on project B amount 300$.

    -Then i create project invoice include the two previous fee journals and current journal entry is :

    D/ AR (Customer) 700$-GAS

      D/ AR (Customer) 300$-Water

      CR/ Revenue 700$-Water

      CR/ Revenue 300$-Gas

    and it managed by function Balancing Financial Dimension Field .

    When i create Customer payment settled with the previous invoice i need the entry to be as below :

    D/  (Bank) 700$-GAS

      D/ (Bank) 300$-Water

      CR/AR (Customer)700$-GAS

      CR/ AR (Customer) 300$-Water

    OR at least :

    D/  (Bank) 1000$

      CR/AR (Customer)700$-Water

      CR/ AR (Customer) 300$-Gas

    The purpose of this is to know Customer balances related to which LOB.

    Regards

    Mohamed Abdelnaby

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Mohamed,

    Thanks for this clarification.

    I would like to do some testing here first.

    Can you let me know what exact Dynamics version you use?

    Many thanks and best regards,

    Ludwig

  • mseddek Profile Picture
    mseddek 210 on at

    Hi Ludwig,

    Im using Dynamics AX 2012 R3.

    Thanks for your time.

    Regards

    Mohammed Abdelnaby

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