Understanding shared financial data
Microsoft Dynamics AX 2012 R3 introduced a new concept called shared financial data, which reduces the effort and time of deployment in a multiple-company environment and operational maintenance as well. A group of companies can share the same chart of accounts, currencies, and dimensions; this decreases the operation time. For example, a new main account will be available to all companies. The following figure explains the concept of shared financial data in detail:
The financial data that will be shared between companies is as follows:
- Chart of accounts: This contains the main account
- Account structure: This
Get Microsoft Dynamics AX 2012 R3 Financial Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
