Unlocking the New Finance

functionality in AX2012 - How 2

Whats New in the Dynamics AX 2012
General Ledger The Headliners
Rome 28-29 January

Presenter
Richard Draper, Solution Architect

RDR@AXmentor.com
Rome 28-29 January

Introduction
There have been Major conceptual and
architectural changes in AX2012
primarily involving the introduction of
organizational level (centrally
controlled) data and configurations for
Finance.
AX2012 R2 released Dec 12 more
enhanced and extended finance
functionality
Rome 28-29 January

Introduction
This is NOT a training session.
This session is designed to provide you
with the Headliner changes to
finance functionality now provided in
AX2012.
I will explain the new concepts and
terminologies in the AX2012 general
ledger
AX2012 Release 2 is not covered
Rome 28-29 January

Agenda
1. Introduction
2. G/L and G/L journal and account structures
a)Account structures/Segmented entry
b)Advanced Rule Structures (acct structure exceptions)

3. Legal entity Ledger Chart of accounts Main Accounts

Account structures & Advanced Rules
4. Changes to Dimensions
5. Shared organisational data
a) Calendars
b) Exchange Rates and Exchange rate types

6. Reporting/Integration Updates
a)Trial Balance by financial dimension sets (dimension focuses)
b)Excel Integration for Journal Entries

7. Sub-Ledger Accounting framework

8. Batch transfer sub-ledgers to GL framework
Rome 28-29 January

What is an AX2012 account structure/account segments

Rome 28-29 January

Account structure definition

Rome 28-29 January

Main Accounts

Main Accounts

Chart of accounts (New

AX2012 concept) determine what main
accounts can be used,
how they will be
presented re: dimensions
& how dimensional values
are controlled

Organizational Concepts AX2012 Chart of Accounts

Rome 28-29 January

General Journal Entry and Dimensions

Function

AX2009

AX2012

Ledger (Chart of
accounts)

Company specific, but

could be virtualized

Main Accounts shared

across companies in
same. R2 allows more
flexibility

Dimension configuration

Only 3 dimensions, or
additional available for
purchase

Dynamic dimensions list

- create new dimensions
easily and leverage
existing entity values.
Dimensions are at
organisational level not
chart of account/legal
entity level

Dimension Selection for

Journal entry

Only 3 dimensions
based on dimension
hierarchy (complex
configuration) and
shown in all areas

Flexible, controlled by
account structures and
advanced rules. User
only sees relevant
dimensions and values

Rome 28-29 January

Shared Data
Function

AX2009

AX2012

Chart of Accounts

Company specific, but Shared across legal

could be virtualized
entities

Currencies and
exchange rates

Company specific, but Shared across all

could be virtualized
legal entities(the
organisation)

Ledger Calendar

Company specific

Shared across all

legal entities. Period
status is company
specific! (can be 1:1)

Rome 28-29 January

Reporting/Integration Updates
Function

AX2009

AX2012

Trial Balance

Not able to easily view

trial balance by
dimensions
complicated dimension
hierarchy

Ability to view trial

balance by dimension
sets

Excel Integration

Minimal.

Now allows creation of

new entries in AX via
journals (GL and
budgets). Introduce new
cubes (10 AX2012, +6
R2)

Rome 28-29 January

Sub-Ledger Accounting
Sub-ledger accounting and distributions
added in AX2012 for the following source
documents:

Free text invoice

Product Receipt
Purchase order
Purchase requisition
Expense report
Vendor invoice

Rome 28-29 January

Accounting Distributions & Sub-Ledger

Accounting

Rome 28-29 January

Batch transfer sub-leger to GL

Rome 28-29 January

Unlocking the New Finance

functionality in AX2012 - How 2
Whats New in the Dynamics AX 2012
General Ledger The Headliners

Richard Draper, (
RDR@AXmentor.com)

Rome 28-29 January