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Financial Dimensions

Financial dimensions are a standard feature in Microsoft Dynamics 365 for Finance and Operations. When using financial dimensions in Property Lease Management, you must have the following standard Microsoft Dynamics 365 for Finance and Operations setups completed to ensure that all transactions are processed correctly to the appropriate accounts. Also, these setups ensure that any data when imported, is imported without issue.

For more information on using financial dimensions, see the Microsoft Dynamics 365 for Finance and Operations documentation: 

Customer Records and Product Details

When creating customer and products ensure to complete the financial dimensions FastTabs with the default financial dimensions that you want to use.

  • To edit the financial dimensions of a customer, review the All customers page (Modules > Accounts receivable > Customers > All customers).
  • To edit the financial dimensions of a product, review the Released product details page (Modules > Product information management > Products > Released products).

When both the customer record and product details have the values for the same financial dimensions, the customer financial dimensions have precedence over the financial dimensions of the product.

For more information on customers and released products, see the Microsoft Dynamics 365 for Finance and Operations documentation.

Ledger Account Structures

When creating the ledger account structures ensure to set up the segments and allowed values. You can access the Ledger page to configure the account structures (Modules > General ledger > Ledger setup > Ledger).

For more information, see the Microsoft Dynamics 365 for Finance and Operations documentation:

Integrating Applications

The setup for the data entities is important for importing data. Edit the data entities integration formats on the Integrating applications page (Modules > General ledger > Chart of accounts > Dimensions > Financial dimension configuration for integrating applications).

For more information, see the Microsoft Dynamics 365 for Finance and Operations documentation:

Financial dimension links to Sites

Financial Dimensions can be linked to the Item Inventory Site. This allows to override Legal Entity Financial Dimension on the billing line to the one defined on the inventory Site. For more information, see the Microsoft Dynamics 365 for Finance and Operations documentation:

Default financial dimensions on the Main account

Financial Dimensions can be linked to the Main account. This allows to use those Financial Dimension over the Customer and item financial dimension on voucher and deferral schedule. For more information, see the Microsoft Dynamics 365 for Finance and Operations documentation:

In Property Lease Management

In Property Lease Management, the order of precedence of financial dimensions is as follows:

  1. Properties: Financial dimension values set up on the property record are used for the accounts.
  2. Customer/Vendor record: If the property record does not have a financial dimension value, the financial dimension is from the customer or vendor record.
  3. Charges record: If the customer or vendor record does not have a financial dimension value, the financial dimension is from the charge record.

For example, the financial dimension values are set up as follows: 

Property     Customer/Vendor     Charge  
Business unit     Business unit 001   Business unit 002
Cost center 007 Cost center 010 Cost center  
Department 022 Department   Department  
Item group   Item group   Item group Services
Project 000002 Project   Project  

The resulting accounts use the following financial dimension values on the Lease Details.

Property    
Business unit 001 From the customer/vendor record
Cost center 007 From the property record
Department 022 From the property record
Item group Services From the charge record
Project 000002 From the property record