In Microsoft Dynamics 365, reporting has come a long way to help satisfy the reporting needs of a typical organisation. With the traditional Financial reports and the brand new Financial Insights dashboard introduced in the 7.3 release, the reporting needs are being addressed in a very practical fashion.
Every report uses the default main account categories which are predefined in Finance and Operations. Many organisations overlook the importance of the Main account categories but with a simple setup, they provide a great starting point for building the reporting pack required by every company.
In this blog, I will explain the use of Main account categories and their practicality as a starting point for the standard statutory reports that every client requires. In addition, I will illustrate how the same setup also works with the new out-of-the-box Financial insights workspace within General Ledger. Financial Insights uses the Power BI functionality to bring together key performance indicators, charts and financial statements with a focus on analytical reporting to aid various roles within the organisation to interpret the financial results and make decisions. More information here https://docs.microsoft.com/en-us/dynamics365/unified-operations/dev-itpro/analytics/financial-insights
