Microsoft Dynamics 365 Finance & Operations

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Cloud Solution Provider
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Better Budgeting for Your Business with Microsoft
Dynamics 365 Finance Operations
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Microsoft Dynamics 365 Finance Operations
(formerly known as Dynamics AX) is a smart
business application that offers native budgeting
and financial planning functionality while
enabling you to manage financial resources using
a chart of accounts, workflows, configurable
calculation of available funds, budget cycles,
and thresholds.
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Microsoft Dynamics 365 Finance operations
allows you to

• Determine the financial components used to
  establish and control budgets.
• Update or revise budgets based on economic
  events.
• Define workflows and policies that match
  organizational requirements.
• Use a budgeting tool that is right for the
  organization.

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Dynamics 365 FO enables you to control budget
using different factors which are listed below-
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Financial Dimensions- In Microsoft Dynamics 365
FO, financial dimensions represent legal
entities. For budget control, you can define
which financial dimensions should be used to
report budget and actual?
Time What time frame (fiscal period, fiscal
period to date, and so on) will be used to
evaluate available budget funds?
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Source Documents Source documents includes
purchase order, vendor invoice, expense report,
and free text invoice. Dynamics 365 FO enables
you to define which source documents must be
evaluated for budget control. Should the
documents be evaluated per line or per document?
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Funds Available Calculation Should documents
such as purchase requisitions (pre-encumbrances)
and purchase orders (encumbrances) be considered
in the calculation of available funds? Should
documents that are in a draft state be considered
in the calculation?
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Override Permission Who has permission to
exceed the available budget? With fully
integrated budget control in D365 FO, you get
the flexibility to evaluate the available budget
for both planned purchases and actual purchases.
Dynamics 365 Finance Operations offers budget
inquiries and reports with which users can
evaluate the budget throughout the budget cycle
while making any adjustments which are required
in the form of budget revisions or transfers.
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Configuring Budget Control Budget Cycle Time
Span- You can define the time to calculate
budget funds available across all dimensions.
Budget Control Interval Select the default
interval used to calculate the budget funds
available for all dimensions. Over budget
permissions- With this permission, you can
specify whether users who are members of a group
have permission to exceed the budget. You can,
further, prevent users from exceeding the budget
threshold. Budget funds available- You can
easily know the available funds by defining
formula for calculating budget funds.
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Budget models- Budget models perform budget
checking for the budget cycle. Budget control
rules- Financial budget combination for budget
control are defined. Main account- The main
account for which budget control will be applied
to is selected. Budget group- Optional budget
groups can be defined to build a collection of
financial dimension values for a secondary budget
check. Activate budget control- You can activate
budget using this tab.
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