Dear DAXperts,
I would like to hear from you the fundamental difference between these two features:-
1. Balancing Financial Dimension
2. Require the dimension to be balanced
What are the best use cases for these?
Balancing Financial Dimension: Will ensure that the selected FinDim will always be balanced in such a way that one could generate the financial statements (including Balance Sheet) with this FinDim. Used for Segment reporting etc.
Require the dimension to be balanced: What is this used for? Same purpose as above? With above option, only one FinDim can be setup as Balanced dimension. If we ignore the above optional setup, using this option on Dimension form, can we enable more than one FinDim as balancing dimensions?
Context: Am working for a customer who is Not for profit and I would like to define "Fund" FinDim as Balancing financial dimension to enable/support generating financials by Fund which is a key requirement for this industry. However, I realized that "Fund" FinDim is legal entity specific but not "Shared" across entities. So, am wondering what is the best approach. Use Fund or any other Operating unit type as Fund and then enable the "Require the dimension to be balanced", as Funds are shared across legal entities in my customer situation.
Appreciate your comments/approach towards this requirement.
Regards,
Sree