Professional Documents
Culture Documents
Requirements
Client
Std
GAP
Workaround/Solutions
Sales and marketing period closing based on weeks. Required to coincide with Financial Year end closing
Income Statement Cash Flow Statement Segment Reports by Cost Centre Segment Reports by Department MSO Codes (International reporting) where possibiliy that transactions for a main account can be split into two MSO Codes
1 1 1 1
1 1 1 1
0 0 0 0
Required Configuration Required Configuration Required Configuration Required Configuration MSO is based on configuration which can based combination of various Main Required to pre-define MSO codes Account based on transactions/main Nevertheless, Main account cannot account code allocate into two MSO codes. Accounts Receivables posting profiles Accounts Payable posting profiles AX2012 allows to create posting profiles for For PI only applicable to non-trading individual, group, expense categories items and/or ALL item codes Based on Financial Dimension created in General Ledger If budget expenses is used for Purchase Fixed Assets, hence Fixed Asset Journal Budget should forgo If Purchase Fixed Asset Journal is used, Purchase Order should forgo
Hide purchase cost during goods received Include Purchase Fixed Asset Process
AX2012 include cost based on purchase order lines Purchasing Process is not applicable during Phase I Daily journal use to update Purchase of Fixed Assets i.e. Debit Fixed Account Code Credit Vendor Account Daily Journal use to update Purchase i.e. Debit Ledger; Credit Vendor Account
Batch processing for Monthly Depreciation Running Depreciation based on date placed in service Full-month depreciation Account for Revaluation of Fixed Assets Account for Disposal of Fixed Assets
1 1 1
1 1 1
0 0 0
Required generate in-house cheques 1 Able to cater multiple bank accounts and perform separate monthly bank reconciliation Able to import bank statement directly from respective Financial Institutions 0 1
0 Require to liaise with third party (financial institutions) pertaining to Bank Format and integration protocols
Closing Activities
Month End Close Year End Close 1 1 1 1 0 0
Total
50 Legend
43
Phase
PI PI
PI
7%
PI
PI
50%
PI
43%
PI
PI PI
PI
Client
Std
GAP
PI PI PI PI
PI
PI PI PI + PII
PI
PI
PI
PII
PII
PI
PI
PI PI PI
PI
PI
PI
PI
PI PI PI
PI
PI
PII