Financial dimensions in Project Operations

  • 12 minutes

Project Operations uses the Financial dimensions framework in Dynamics 365 Finance to provide additional insights on project subledger and general ledger transactions.

Default financial dimensions can be set up on a customer, project funding source, milestone, project contract line, or project.

Screenshot of the Funding sources tab, showing financial dimensions.

Define default financial dimensions for a customer

Customer dimension defaults are specified in Finance. Complete the following steps to set dimension defaults:

  1. Go to Accounts receivable > Customers > All customers.
  2. On the Customers page, on the Financial dimensions tab, set the financial dimension values for a specific customer.

Define default financial dimensions for project contracts

Project contracts are created and maintained in Microsoft Dataverse. Accounting attributes for project contracts are set in the Project management and accounting module in Finance.

Set financial dimensions for a project funding source

To set financial dimensions for a project funding source, follow these steps:

  1. Go to Project management and accounting > Projects > Project contracts.
  2. Select the record that you want to update, and on the Project contract tab, select Show default accounting.
  3. Expand Related information and select the Funding sources tab.
  4. Set the financial dimension defaults. Notice that the financial dimensions default from the customer account.

Set financial dimensions for a project contract line

To set financial dimensions for a project contract line, follow these steps:

  1. Go to Project management and accounting > Projects > Project contracts.
  2. Select the record that you want to update, and on the Project contract tab, select Show default accounting.
  3. Expand Related information and select the Contract tab.
  4. Set the financial dimension defaults relating to sales tax.

These defaults are used on related project on-account transactions and invoice lines.

Define default financial dimensions for projects

Projects are created and maintained in Microsoft Dataverse. Accounting attributes for projects are set in the Project management and accounting module in Finance.

  1. Go to Project management and accounting > Projects > All projects.
  2. Select the record that you want to update, and on the Project contract tab, select Show default accounting.
  3. Expand Related information and select the Billing rules tab.
  4. Set the financial dimension defaults. Notice that financial dimensions default from the customer account. If the project is associated with a contract line with multiple project contract customers, the primary customer is used to default financial dimensions.

Project default financial dimensions are used to set journal line defaults for time, expense, and fee transactions in the Project Operations Integration journal and on related project invoice lines.

Enable default financial dimensions for bookable resources

To enable this functionality, navigate to the Feature management workspace in Dynamics 365 Finance and operations and enable Use employment default dimensions on integration journals. By enabling this feature, the financial dimensions specified on the employee record from time and expense entries is identified and the employee reference is brought into the integration journal. Once the financial dimensions are applied to the integration journal, the costs are posted to the project subledger and general ledger voucher.

Screenshot of the Feature management page enabling the Use employment default dimensions on integration journals feature.