NAV dimensions in budgets and consolidations (part 12 of 15)Posted: March 26, 2013
Now that you know you can view dimensions on postings and in financial reporting though account schedules, let me show you how you can utilize dimensions in budgets. NAV budgets opens up a few more possibilities for you where dimensions are concerned. Take a look at this screen shot, using the classic client, that shows clearly what the available dimensions are in budgets.
If you look at the left side, you can see the persistent global dimensions of Department and Project which the test database for Cronus uses. Just like all areas of NAV, global dimensions are available everywhere, even in budgets. On the right hand side, you can actually see four more dimensions. These are shortcut dimensions and if you count, you can see you’ve got a total of six dimensions available with NAV budgets to use for your planning process. As long as you budget for a dimension then you can report actual versus budgeted against that dimension.
In addition, you can also see there is a field called business unit filter, which I’ve always counted on as a “bonus” dimension. This field becomes useful when you have multiple companies in NAV and use them to consolidate your financial statements. I’ve got a very simple setup where I have two companies and a consolidation company. When I consolidate my statements monthly, and when I load my budgets, I designate the business unit filter for each of the two companies so I can report on them individually as well as together, on a consolidated level. Because I use separate companies with the business unit filter I don’t need to use a dimension to designate company for my financial statements.
Keep reading this month as we continue our series, 15 Days of NAV Dimensions.