Article

The Future of the New Dynamics AX: Ten Financial Features I Would Like to See Microsoft Add Next

by Yogesh Kasat
Consultant & Founder, Real Dynamics

We have looked at some of the positive changes that Microsoft has made to the general ledger in the new Dynamics AX in part one and two of this series, from global journal entry and fiscal dimension improvements to financial close capabilities and Management Reporter updates. As Microsoft has set the bar very high, I (and customers) are going to look for more.

Microsoft is listening to the feedback of the Dynamics AX community more than ever before. Input from the customers and partners will add features that will improve productivity and reduce the need for customizations.

Here is a list of features I will be voting for on the Microsoft Connect website:

  1. Multi-GAAP Support: Extending the use of multiple layers outside the general ledger and the ability to setup sub ledger posting profiles by posting layer. This is a similar concept to what is currently supported in the Fixed Assets sub-ledger.
  2. Global journal upload and voucher inquiry: The ability for a user to upload a Journal from Excel across companies through a single file. The ability for users to configure a journal template including the addition of financial dimensions. On intercompany vouchers, the ability to see a global view on single screen.
  3. Allocations functionality in General Ledger -
    1. Ability to run allocations irrespective of the legal entity you are in. In other words, running them from a centralized location for all legal entities
    2. Ability to define dependencies between allocations and schedule multiple allocations together
    3. Allocations based on the statistical accounts, a.k.a. quantity ...

      FREE Membership Required to View Full Content:

      Joining MSDynamicsWorld.com gives you free, unlimited access to news, analysis, white papers, case studies, product brochures, and more. You can also receive periodic email newsletters with the latest relevant articles and content updates.
      Learn more about us here

      Get full access
AP Automation Accounting Banking Dynamics AX Financial Management Inventory Management
About Yogesh Kasat

Yogesh Kasat is one of the founding members of Real Dynamics. For more than 10 years he has worked as a Solution Architect and other leadership roles on numerous Dynamics AX implementations, taking several large engagements to successful completion. For more information on Real Dynamics services, please contact us at info@realdynamics.com. 

To learn more about the author, visit: https://www.linkedin.com/in/yogeshkasat 

Real Dynamics is one of the first Microsoft Dynamics AX IV&Vs (Independent Verification and Validation services provider). Our goal is to help businesses and their internal IT teams take their Dynamics AX implementation to the next level with independent and unbiased recommendations. "Where were you before? I wish we had found you sooner!" - This is something we hear a lot as we uncover opportunities for customers to realize the true potential of their Dynamics AX investments.

More about Yogesh Kasat