The Automatic Ledger Settlement extension supports the periodic process of Ledger Settlements using your own defined settlement criteria.
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Automatic Ledger Settlement
The Automatic Ledger Settlement extension supports the periodic process of Ledger Settlements using your own defined criteria. A proposal will show the ledger transactions that can be settled with a simple mouse click. The extension is designed by applying the principles: It has to be agile, it has to be simple and it has to perform. In this we have succeeded.
You can define your own settlement criteria, using the ledger – dimension account structures of Dynamics 365 for Enterprises. You can add, change and delete settlement criteria to your liking. You can test your settlement criteria by simply creating a proposal and validate the results of your settlement criteria.
The better settlement criteria you have defined, the more the extension can settle for you, the better the system will perform. Using the tool during a periodic close procedure will enhance the performance of the financial department as they need less time to perform Ledger Settlements. The Ledger Transaction form showing only open ledger transactions, if and when needed, enhances the overall performance of AX/Dynamics 365 as well.
The settlement criteria can be defined using almost all fields available or related to ledger posting transactions. The way to define settlement criteria is the same as standard AX querying and can be set by everyone after reading a short manual or getting a short explanation. Users who are not familiar with ledger settlements in AX but have understanding of accounting can also apply the settlement criteria easily.