The Dynamics Corner

In any growing business, finance isn’t just about ticking compliance boxes anymore. It’s about staying in control, spotting trends early, and making confident decisions—fast. That’s exactly where financial dimensions in Dynamics 365 Finance come into play. Think of them as a smarter way to organize your numbers. They give finance teams the flexibility they need to adapt on the fly, and they give leadership the kind of clear, real-time visibility that helps drive better business calls  What Are Financial Dimensions? At the core, financial dimensions are labels you attach to transactions. These labels tell you: • Who spent the money (department, employee) • Where it was spent (branch, region) • Why it was spent (project, cost center) So instead of tracking expenses only by account (e.g., Travel Expenses), you can track: • Travel by Department • Travel by Project • Travel by Location All this without creating hundreds of extra GL accounts. Why Should Management Care? Here’...

In project-based businesses, reporting is the final word. It tells you what was planned, what actually happened, where you made money—and where you lost it. But ask any project manager or CEO what they really think about project reporting today, and you'll hear this: “It’s late. It’s manual. It’s siloed. And by the time I see it, it’s too late to act.” This is exactly why AI is no longer optional—it’s essential. Whether you’re in construction, consulting, IT services, or professional engineering, AI can elevate your project reporting from a reactive chore to a strategic asset. Here's how. The Problem with Traditional Reporting Let’s be honest. Most reporting today involves: • Chasing updates from different departments • Exporting data from multiple tools • Cleaning and merging spreadsheets • Building charts that reflect the past but not the future And even then, it’s often: • Outdated by the time it reaches leadership • Missing key context (why was a task delayed? w...

Managing projects in Microsoft Dynamics 365 Business Central isn’t just about tracking tasks—it’s about timing your revenue and cost recognition. That’s where WIP (Work in Progress) methods come into play. Whether you’re in construction, services, or implementation—your project accounting can get messy fast. WIP helps clean that up. Let’s explore the five WIP methods through simple scenarios to help you choose the right one. 5 WIP Methods in Business Central—With Scenarios! 1. Cost Value "I spend a lot upfront, billing comes later." This method calculates WIP based on actual project costs. It defers those costs to the balance sheet until you're ready to recognize them.   Scenario: You're building a factory. You spend ₹25 lakh on materials and labor in the first 3 months but won't invoice the customer until completion. You don’t want those ₹25 lakh to hit your P&L yet. What happens: Costs get moved to a WIP account, so your P&L stays clean. WIP = Costs Incu...