Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By : Mohamed Aamer Ala El Din
Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By: Mohamed Aamer Ala El Din

Overview of this book

Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package in the ERP market. We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting. By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
Table of Contents (24 chapters)
Title Page
Copyright and Credits
Dedication
Packt Upsell
Contributors
Preface
Index

Fixed dimension


In some cases, there is a business requirement to fix a particular dimension on a specific main account. A fixed dimension is at the company level. In order to activate the fixed financial dimension, the account should be specified for a particular company.

In order to set up a financial dimension on the main account, navigate to General ledger | Chart of accounts | Accounts | Chart of accounts, and then select the Chart of accounts. Then click on Edit. This will open the main accounts in the edit mode. As shown in following screenshot, select a specific account, then go to the Legal entity overrides fast tab, and then select the company ID in the Legal entity field. This will show the Default financial dimensions tab.

Here, the dimension could be Not fixed, which means the dimension value will be as proposed, or Fixed value, which means the dimension value will always be used for this main account. When we select a fixed value, a dialog box will always pop up:

The result of...