List of DIMF avilable in AX7 \ Dynamics 365

 

List of DIMF available in AX7 \ Dynamics 365

 

In Dynamics 365 is more flexible to Ax2012, we have total 1967 entity for import the data to direct in the Table. it is cover mostly full Axapta table, even the process also very simple and impressive, you can direct import from form level.

 

 Click here for download the list of entity

 

 https://drive.google.com/file/d/0B-3nCySoSp-Ad0FlQkxoclVFdmM/view?usp=sharing

CONCEPT OF ACCRUAL SCHEME IN AX 2012

CONCEPT OF ACCRUAL SCHEME IN AX 2012

Accrual Scheme : Financial statements are prepared under the Accruals Concept of accounting which requires that income and expense must be recognized in the accounting periods to which they relate rather than on cash basis .. For a better understanding, we take the example of insurance expenses. We have paid 18000 USD in 01-Aug-2014 for the one-year expense. Our fiscal year is Jan to Dec 2014 so we are only booking 7500 USD in this year and 10500 USD is booked in the next fiscal year.

For the accrual scheme, follow this step.

General Ledger->Setup->Posting->Accrual Scheme

Click on New and add a new accrual scheme

Create a new journal for insurance expenses paid of 18000 USD.

Go to Function tab select the ledger accruals and a new window opens; select the insurance accrual scheme from there.

To see further details click on the transactions.

You see that insurance accrual scheme divides the total amount in 12 months and creates 12 entries per month as per our requirements and releases per month entry of 1500 to the expense account.

Close it, select on ok and post it

To check the effect of the entry, open the account statement of 132100 for fiscal year 2014

It shows 10500 amounts that is our prepaid expense. To check the insurance expenses open the insurance expense account.

It shows 7500 USD as per our requirement and the insurance accrual scheme works as per our requirement. We are also changing it day wise.



Thanking You

Create Dimension in Ax 2012
What is Dimension: Dimension mainly use for the classification of our expenses. If we need classification our expense in different location wise, department wise, Emp. wise. We are creating Dimension for that classification and when we enter the data use the dimension in which expense is doing. In ax 2009 is provide only three Dimension but in ax 2012 provide multiple dimension as per your requirement.
Use of Dimension:
1. Use Dimension in Budget and Expense Control
2. Control our expense
3. Tracing the expense
4. Interlink different module value to the general ledger

Process of Create Dimension:
Open Ax-General Ledger---Setup--->Financial Dimension

Click on new Button after that new form open. First is form use value form. There are two options to create dimension.

 first one is <Custom dimension> if we do not want create new dimension and do not pick value from any module and want to create new Unique Value select first option.

Click on Custom dimension button. Given Dimension name Brunch and report column name brunch after that click on Ctrl+S. After that click financial dimension Values. Click on new button.

Given the value of Dimension Value and Descriptions. And other detail like the level of dimension value to display, active from active to after that save it to Ctrl + S and close it
Click the form button to Create a new and delete dimension value

There is second option is pick value from different module, we are used their modules value like Emp. In above screen we are used department, fund source

You select any one from list.  For Example we are selecting our Bank account after select this screen dimension name automatic display Bank Account. You had given Report Column name
Bank.

After that Click on Financial Dimension value, you see all the lists of your Bank account. Enter double click of anyone and you can edit the detail.

That is the process of creating Dimension if you have any problems contact us.