Global General Journals in Dynamics 365 for Operations
Posted on: February 28, 2017 | By: Jarrod Kraemer | Microsoft Dynamics AX/365
Authored by: Chris Rusing
One of the reasons Microsoft Dynamics AX has become so appealing to the modern, global company is that they have always put an importance on the system handling a corporation with multiple legal entities around the world. Examples of functionality that support that initiative include: exchange rates, currency revaluation, consolidation, intercompany accounting, and the global address book. With the release of the new AX, Dynamics 365 for Operations, it is clear that they are continuing to expand on that concept. That being said, I would like to introduce a relatively small, but interesting new feature from Dynamics 365 for Operations, aptly named Global general journals. This new form allows certain users to access the general journals from every legal entity in the system. As an accounting manager or controller, this feature makes it extremely helpful to quickly and efficiently post journal entries across your organization. Let’s jump in to take a closer look at how this works.
First, go to the General ledger module and select Global general journals under the Journal entries section.
This will open you up to this form showing all of the general journal entries for every legal entity in the system. It functions very similar to the general journal form.
The main difference is that when you go to create a new journal, you first select the legal entity and then the journal name.
Once you are complete with your journal entries, validate and post as you normally would. As you can see, the general journal appears both in the global general journals form and the legal entity specific general journals form.
This is one of the many exciting and innovative features of Dynamics 365 for Operations. We hope to provide more examples of these new changes in our future blog posts. For additional information please feel free to reach out to us at firstname.lastname@example.org or (312) 345-8817.
All the best!
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