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DimensionPath Fund Accounting

by CentralPath Solutions

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Fund accounting and related functionality for Business Central

DimensionPath Fund Accounting enforces balanced general ledgers by Fund in Business Central, using Global Dimension 1 to identify the respective funds. Allow DimensionPath to automatically post due-to/due-from entries between funds when transactions cross fund lines. Optionally post commitment/encumbrance amounts to the general ledger for open purchase orders.

Fund Balancing Control
    • DimensionPath enables Global Dimension 1 to work as a Fund identifier, enforcing a balanced general ledger by Fund
    • Once enabled, the G/L will ALWAYS be in balance by Global Dimension 1 Value, facilitating full financial reporting by fund

Automated Posting for Inter-Fund Amounts Due
    • Automatic generation of balancing due-to/due-from entries between funds whenever a G/L posting crosses fund lines
    • Post vendor invoices with lines allocated to multiple funds, to have the amounts hit those funds (base BC) with DimensionPath automatically posting the due-to entries for those line funds to the header fund (with corresponding automatic due-from entries)

Centralized Cash Management
    • Issue payments or post cash receipts in a central fund, applying the transactions to open documents in other funds (optional – not allowed by default)
    • Suggest Vendor Payments and Suggest Employee Payments by Global Dimension 1 values, generating lines to either pay out of each fund or to pay open items across funds out of a centralized fund

Dimension Based User Security
    • Define defaults and controls around dimension values by user
    • Optionally restrict user data by dimension values, so that users can be set up to only see data for their funds

Commitment/Encumbrance Management
    • Optionally configure posting of committed amounts on purchase orders to the G/L using a Transaction Type dimension to segregate ACTUAL entries from COMMITMENT entries
    • If configured, DimensionPath will automatically post entries to recognize commitments when purchase orders are released, reversing those amounts upon reopening or posting the order
    • Full visibility into actual incurred amounts versus budget, taking into account open (not yet received/posted) amounts committed for vendor purchases

At a glance

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https://store-images.s-microsoft.com/image/apps.6673.70fba534-869b-437a-91f7-74c2b19ba9d4.eeeb64bf-0b4d-4092-832e-be112eb95618.2b128316-4cd0-446d-9547-eb67ca6c1f2b
https://store-images.s-microsoft.com/image/apps.25069.70fba534-869b-437a-91f7-74c2b19ba9d4.eeeb64bf-0b4d-4092-832e-be112eb95618.aabf2e75-5581-4504-8c41-efc9201adf5c
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