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What's new in Dynamics 365 for Operations (AX7) - Financials, Part 1

by Yogesh Kasat
Consultant & Founder, Real Dynamics

AXUG Summit 2016 was a great opportunity to learn Microsoft's vision for Dynamics products, Dynamics 365 in particular. I attended several sessions to learn what's coming in the Financials module, and was very impressed by the speed at which Microsoft is delivering new features in Dynamics 365 for Operations - Financials (known before as AX7) in the fall release.

I will summarize those enhancements in three articles. Part one will cover enhancements in:

  • General Ledger
  • Accounts Payable
  • Fixed Assets

Part two will focus upon:

  • Accounts Receivables
  • Credit & collections

In part three, I will summarize the features of:

  • Expense management
  • Cash and Bank management
  • Budgeting
  • Financial reporting

General Ledger

Enhancements in GL continue to be centered around making life easy for enterprise customers, with support for running more processes without having to switch companies. This enables productivity gains in multi-company environments. 

Foreign currency revaluation: Currency revaluation functionality from the Accounts Receivable and Accounts Payable modules are now extended to the General Ledger area.

You can now process foreign currency revaluation for all companies and accounts at one time with the support of exchange rate types for main accounts and multi-company processing. Similar to exchange rate type defined for Management Reporter in the previous version, you can define exchange rate type on the Ledger account level in Chart of Account.

Instead of selecting Range of Accounts and Range ...

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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

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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.

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