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What's new in Microsoft Dynamics 365 for Operations (AX7) - Financials, Part 3

by Yogesh Kasat
Consultant & Founder, Real Dynamics
November 01 2016

In this third installment of a three-part series (Part 1Part 2), we will summarize more new features in Financials in Dynamics 365 for Operations (known before as Dynamics AX).

This time, we will look into:

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

Expense management

Expense management seems to have gotten a lot of attention. Word on the street is, as Microsoft itself uses the Dynamics AX platform for expense reports, productivity improvements and enhancements for better control in this area are being looked at closely.

Copy an expense report: In prior functionality, the ability to copy an existing expense line within the same expense report existed. This functionality is now extended to allow users to copy the entire expense report and all the associated non-credit-card expenses to a new expense report. Credit card transactions can be added to the expense report when they show up in the credit card statement. Itemizations and attached receipts will not be copied and need to be entered again.

Bulk-edit expenses: You can multi-select credit card expense lines and make updates like adding them to the expense report, changing category or the project. 

Create future-dated expenses: When you copy an expense report, you can put future dates on the transactions. However, you cannot submit future-dated expenses for approval. The Copy functionality is great to create future date expenses. It would be great if Microsoft were to add functionality to setup recurring expense reports too.

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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

To learn more about the author, visit: 

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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Submitted by arun on Thu, 11/03/2016 - 00:20 Permalink

As always very informative, thanks yogesh for this post.

In reply to by anonymous_stub (not verified)