Skip to main content

How to Decide How Many Journal Names to Define

 When you are in the design phase, you need to decide how many journal names to define. I would advise to use as minimum as you can but it depends on the parameters below with my experience.


  1. Which Journal Types are going to be used? Like payment journals, invoice journals etc.
  2. How many journals do we need for migration. Are we going to create one of one for each purpose of migration.
  3. Do we need separate journals or user groups for reporting purposes?
  4. Do we need separate journals for different work flow operations?
  5. Are we going to use same journal type but create new ones for managing operations/purposes from the modules like accruals, TMS related journals etc.
  6. Do we need to differentiate voucher series for easy reporting?
  7. Do we need to auto setup offset account for users not to select? Like bank accounts to be automated directly and not to be selected by the user one by one on each transaction.


These questions will help you how many journal names to setup in the system for easy use.

Labels:

Comments

Post a Comment

Popular posts from this blog

Manage ERP with Success - Blockers of Success

  To manage an ERP process with success is not easy at all. Even there has been processes that have been published by companies, it is mostly depend on the people. In this blog , I am going to share the reasons I see as blockers of during the projects. This is not a scientific measure but just my opinions. Sales Team:  ERP project starts from even before the sales documents are finalized. So company needs (not user/not management etc.) need to be understood wisely and to be checked if the tools can manage these needs and details need to be documented in the contract. Expectations:  Unfortunately, ERP is a software but not a hardware. So expectation management is very important. If it was a hardware, then you will be able to return and to document specific details.  Project Team:  By project team, mostly we understand the consultancy firm but project team does consist of also from customer project managers, users, power users etc. All project team need to be well...
Post a Comment
Read more

D365 F&O Transportation Module (TMS)

      I would like to give some summary information on the TMS module. TMS module helps you manage your both inbound and outbound operations.   You can plan your shipments, routes, loads, appointments and drier check in/outs.  You can see the fastest or less expensive routes as an example with to assign rates and calculate with engines. Also you can manage and reconcile charges. Please find the Microsoft Documentation for the Module below: https://docs.microsoft.com/en-us/dynamics365/supply-chain/transportation/transportation-management-overview Also I like the video series below from Michael Cobbin which give detail for the TM module from Tech Talk: https://www.youtube.com/watch?v=gqGKgiDEQLk https://www.youtube.com/watch?v=gqGKgiDEQLk&list=PLaKeZD0fHWIp8zD088_6svgMZ5v1CmJGz&index=8 https://www.youtube.com/watch?v=9-gGUxeQSAc&t=1408s https://www.youtube.com/watch?v=gqGKgiDEQLk&t=1456s
Post a Comment
Read more

Tax Calculation Service (RCS)

      Tax Calculation service helps system to calculate complex taxes between country and locations and EU and multiple tax registration ids. For this purpose you have to setup RCS, enable feature and setup all the scenarios in the tax calculation engine. Not only it helps calculate these but more complex scenarios like calculation of taxes based on margin.     You may find the documentation of Microsoft below and also a video that briefly explains how system works. https://docs.microsoft.com/en-us/dynamics365/finance/localizations/global-tax-calcuation-service-overview https://www.youtube.com/watch?v=B2fN9AHoYnQ
Post a Comment
Read more