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#D365FO Streamlining Financial Data with D365 Dimension Value Configuration

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#financialdata

#generalledger

Dynamics 365 Finance

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Jan 26, 2024

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AI Summary

  • The article discusses the creation of financial dimensions in Microsoft Dynamics 365 Finance and Dynamics 365 Sales.
  • There are two categories of financial dimensions: custom dimensions and entity-backed dimensions.
  • Custom dimensions can be shared among legal entities and users can enter and update their values.
  • Entity-backed dimensions have their value definitions stored in other entities like Customers or Stores.
  • The article provides a step-by-step guide on how to create a custom or entity-backed dimension.
  • The benefits of using financial dimensions include improved reporting, informed decision-making, increased efficiency through automation, and data consistency.
  • The process involves accessing the Financial dimensions workspace, creating a dimension with a name and description, assigning values and attributes on the Financial dimension values page, and saving the changes.
  • If required, dimension values can be published.

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