It has a much richer set of tools than the fairly basic allocation terms and rules in General Ledger including statistical information, advanced fixed and variable allocation mixĬost accounting lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information.
Controllers, auditors and indeed D365FO performance would not struggle with quite the same challenges from dimension validation set-up and daily check during posting, or the millions of extra transactions resulting from allocation terms and rules.įor some companies, the allocation for costing purposes would better be done in Cost Accounting, the perhaps fast growing module/functionality in D365FO. It has such a rich toolset, not available anywhere else in D365FO.Īs a result of using Cost Accounting functionality, the daily accounting and reporting chores could be greatly simplified, statutory reporting easier. If the primary purpose of a financial dimension is to drive cost and profitability analysis, the new tools in Cost Accounting would get the job done – and probably be much better at it. Perhaps we should think twice before adding extra financial dimensions to an account structure and thus to the burden of the daily financial workers, as well as the performance of D365FO itself. “Depends” is my favourite term, and quite often precisely that answer drives customers, students and everybody else up the wall. Does it really make sense to have 8-12-20 financial dimensions for up-front daily accounting? Cost Accounting gives managerial insights less painĪs a consultant and trainer with the AX-family for the last 20 years, I often challenge the use of financial dimensions.
Long live Cost Accounting in Microsoft Dynamics 365 for Finance and Operations: this could reduce the number of daily used financial dimensions. D365FO Cost Accounting in Microsoft Dynamics 365 for Finance and Operations
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