Does it really make sense to have 8-12-20 financial dimensions in use in the up-front daily accounting if it is only used for reporting & financial analysis at month-end? This can often lead me into some interesting discussions!Īs a consultant and trainer with the D365FO/AX family for the last 25 years, I often challenge the use of financial dimensions. In my experience, customers easily get carried away with all the nice allocation, control, and analysis possibilities: “The sky is the limit”. Some, if not most, of the decisions made in the gap-fit analysis and other workshops with customers will have life-long impacts – at least for the D365FO installation.įinancial dimensions, when used properly, can do wonders for cost allocation, approval workflows, reporting & financial analysis, and more. The concept of Financial dimensions is very important from project inception through implementation and beyond. For example, you can create a financial tag to track payment references used for ledger settlements, making it easier to match transactions.” The trouble with Financial dimensions The financial tag values can be used for reporting purposes or ledger settlement. Additional financial dimensions increase the size of an organization's chart of accounts, causing a negative impact on system performance during processes such as the year-end close. This eliminates the need to create financial dimensions that contain values that are not reusable. Microsoft claims that it will: “Financial tags let organizations track user-defined fields on accounting entries posted to the general ledger.

track ledger and subledger transactions?.

set up, use, and maintain Financial dimensions in Dynamics 365FO?.Will the new 10.0.32 feature Financial tags going to make it easier to

Dynamics 365 cost