Creating Account Structures in Microsoft Dynamics AX 2012
Posted on: April 21, 2015 | By: Jarrod Kraemer | Microsoft Dynamics AX/365
Account structures are built to establish a relationship between the Main Account Financial Dimensions. The way you design your account structures can vary upon your business needs. An account structure can be tied to a simple string that consists of one main account and one or many of the financial dimensions. This eliminates both entry and posting errors. This type of “locking down” will require a bit more maintenance. On the opposite end of the spectrum is opening up the accounts to incorporate ranges of main accounts and dimensions. These structures require very little maintenance, but increase the chance of a posting/entry error. Another strategy for building account structures is through strategic groupings. (Balance Sheet accounts are grouped as one structure, Revenue another structure, Expenses another etc.) These types of structures create a 50/50 split between maintenance and posting validation.
The picture below shows an example of some Account Structures. Notice the relationship between main account and dimensions. Any dimensions that have the “..” indicate a range. Separating the dimension selections requires a semi colon.
Once the account structure has been approved it must be added to the Ledger. Menu Path: General Ledger>Setup>Ledger. Click the Add button, and add the newly created account structure. This will allow you to post correctly.
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