Deprecated: Traditional financial statements

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

In Microsoft Dynamics AX, you can use traditional financial statements to report on an organization's financial state at the end of a defined period. The traditional financial statements can include an operating statement (an income statement that includes the results shown with regard to profit and loss for typical business activities), a balance sheet (assets and liabilities), and other financial information.

After you design a traditional financial statement, you generate traditional financial statements for each financial period and for the whole year. You can also export traditional financial statements to Microsoft Excel.

Overview

Item	Description
Reason for deprecation	The traditional financial statement functionality that is included in Microsoft Dynamics AX will be deprecated in a future release. The reports and forms do not provide some of the financial reporting capabilities and report design flexibility that financial and business professionals must have in order to improve their organization’s performance.
Replaced by another feature	Management Reporter for Microsoft Dynamics ERP is an interactive reporting application that financial and business professionals can use to create, maintain, deploy, and view financial statements. Management Reporter lets you design financial reports based on ledger accounts and financial dimensions, drill down to transaction-level detail, perform currency translation, and use web-based report viewing. In Microsoft Dynamics AX 2012 R2 cumulative update 6 and later, the Financial statement (traditional) configuration key controls access to the traditional financial statement forms and functionality. This configuration key is not selected automatically in new installations of Microsoft Dynamics AX so that new users can use Management Reporter, instead. For more information, see What's new: Management Reporter for Microsoft Dynamics and Management Reporter for Microsoft Dynamics ERP.
Modules affected	General Ledger
Changes to installation	Management Reporter is available through the Microsoft Dynamics AX Setup wizard in cumulative update 7 for Microsoft Dynamics AX 2012 R2 and later. For an existing installation of Microsoft Dynamics AX 2012 R2, you must update to cumulative update 7 for Microsoft Dynamics AX 2012 R2, slipstream cumulative update 7 for Microsoft Dynamics AX 2012 R2, and then run Setup. For a new installation, you can just slipstream cumulative update 7 for Microsoft Dynamics AX 2012 R2 . For information about how to update, see Apply updates and hotfixes. For information about how to slipstream, see Include cumulative updates and customizations in a new installation (slipstreaming). If you’re not using cumulative update 7 for Microsoft Dynamics AX 2012 R2 or later for Microsoft Dynamics AX 2012 R2, you can use the stand-alone installation for Management Reporter. Download and run the installation package that is available on CustomerSource. For information about how to run the stand-alone installation, see the Management Reporter Installation Guide.
Changes to upgrade	There are no changes to the upgrade for traditional financial statements and Management Reporter.