The financial dimensions gives more deep analysis for transactions occurred on General Ledger accounts where it gives Controllership an analytical view on transaction occurred on Expenses Account for example he/she can analyze account balance according to financial dimensions assigned to Ledger Account.
The posting mechanism of Financial Dimension in the purchasing process during reception (Product Receipt), and vendor invoice (PO invoice).
The purchase order information is consists of;
- Purchase Order Header; where assigning vendor, address, payment terms, method of payment, and financial dimension
The auto generated financial transactions from purchase order are product receipt, and invoice. The financial dimensions are automatically inherited from the Purchase order form (PO – header, and PO – lines )
The financial dimensions assignment to voucher entries has a certain mechanism; it should be addressed, and communicated with Controllership to make him/her aware of this treatment, this mechanism goes as the following:-
The generated voucher entry which represents the product receipt, this voucher entry inherits the financial dimensions from the Purchase Order lines
The generated voucher entry which represents the invoice, this voucher entry inherits the financial dimensions from the Purchase Order header