The Financial Management functionality in Microsoft Dynamics AX provides your business with comprehensive financial data from across the entire organization. All business processes within financial management, including the general ledger, accounts payable, accounts receivable, bank management, fixed assets, financial reporting, and compliance are addressed with sophisticated functionality, work flows and user-specific Role Centers that allow resources at all levels of the organization to manage the business and make decisions with confidence.

Features and Benefits of Financial Management in Microsoft Dynamics AX:

• Ability to post financial data to multiple ledgers which allows the company to maintain books for separate reporting purposes.
• Full subsidiary and intercompany transaction capabilities, including consolidating and elimination transactions.
• Multiple Financial Dimensions for detailed analysis, including dimensions that allow for full account validation
• Shared services functionality in both Accounts Payable and Accounts Receivable that drive down costs through centralization.
• Fixed asset management is integrated with purchasing, inventory control, accounts payable and the general ledger. Utilize multiple depreciation schedules and forecast, monitor, and control the full lifecycle of your fixed assets.
• The Compliance Center can track and manage your compliance activities and status. Access control and workflow functionality ensures segregation of duties.
• Ability to allocate and distribute costs flexibly and through the use of multiple costing methods, including standard, actual, LIFO and FIFO.