Article

What’s New in General Ledger in the New Microsoft Dynamics AX, Part 2

by Yogesh Kasat
Consultant & Founder, Real Dynamics

The 2016 Dynamics Technical Conference was a great experience! The AX community is very excited to see the changes Microsoft has made to the platform, making life easy for implementation consultants with many new tools that are user friendly, limiting technical jargon and ultimately building an implementation support system that would help make repeatable success stories.

In this article I will cover few more features that are added in General Ledger area of the new Microsoft Dynamics AX (you can find part 1 here). The article will also summarize the Management Reporter structural changes that coincide with the new AX. In a future article, we will conclude this series with a list of features that I believe should be considered for addition in future releases. Microsoft is listening to feedback to improve the product, and I would take this opportunity to provide feedback on behalf of my customers.

Financial Period Close

Financial Period Close Excel

Does this spread sheet (above) look familiar? If your Finance team has a similar month end close check list in Excel, most likely it will go away when your organization moves to new Dynamics AX.

Most finance teams track their month end, quarter end, or year-end checklists in Excel in a similar manner. It is challenge to keep them updated in collaborative environments. As business becomes more complex, so too do these spreadsheets with multiple legal entities and month end processes across groups. These tasks can now be tracked within Microsoft Dynamics AX in much collaborative way. 

Here are key highlights of the Financial Period Close functionality

    <... class="become-member ms-auto me-auto">

    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
AX 7 Accounting BI and Reporting Dynamics AX Financial 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