What is the use of balancing financial dimension functionality

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Posted on by subashini

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Hi Experts,

Could you please anyone explain me what is the use of balancing financial dimension functionality and in which scenario we use this functionality.

Thanks in advance

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Ludwig Reinhard Microsoft Employee on at

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RE: What is the use of balancing financial dimension functionality

Hello subashini,

Please let us know if your question has been answered and be so kind to verify the answers if this is the case.

Many thanks,

Ludwig
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Ludwig Reinhard Microsoft Employee on at

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RE: What is the use of balancing financial dimension functionality

Hi subashini,

In a nutshell, it allows you creating a balance sheet and income statement by a financial dimension, such as a business unit.

You can find a brief overview here: stoneridgesoftware.com/balancing-financial-dimension-field-in-ax-2012-r3

Best regards,

Ludwig
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guk1964 10,877 on at

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RE: What is the use of balancing financial dimension functionality

https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/enable-interunit-accounting

Typically financial dimensions are for P&L analysis. For balance sheet you typically do it at company level. If you need a Balance sheet by financial dimension then a balancing dimension is useful. it might be sued for example when there is a central service team for different LOBs.

For this to work for the Balancing financial dimension field, select the financial dimension that must be balanced in all accounting entries that contain the financial dimension. That financial dimension must be included in all account structures that are assigned to the ledger and it must not allow any blank dimension values.