Dynamics 365 Supply Chain Management
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Mar 20, 2024
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- The article discusses the importance of financial dimensions in the retail industry and provides steps to configure financial dimensions for retail stores and payment methods in Microsoft Dynamics 365 Finance and Operations (D365 F&O).
- Financial dimensions are used in the retail industry to categorize transactions such as sales, refunds, discounts, and payment methods.
- Financial dimensions help the finance department analyze financial data and create reports to monitor the financial health of the retail store.
- Retail stores can create financial dimensions for different payment methods to identify which payment method is used the most and which generates more revenue.
- Financial dimensions can also be used to track sales by product category, helping retail stores analyze which category is selling the most.
- To configure financial dimensions for payment methods, users need to go to Retail and Commerce > Channels > Stores, click on the Action tab, select Set Up > Payment Methods, select the desired payment method, and map the financial dimensions.
- To configure financial dimensions for retail stores, users need to go to Retail and Commerce > Channels > Stores > All stores, select the desired store, and set the default dimensions on the bottom.
- Configuring financial dimensions accurately is essential for the finance department to analyze financial data accurately.
- Microsoft Dynamics 365 for Finance and Operations provides a straightforward process to configure financial dimensions for retail stores and payment methods.
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