Microsoft Dynamics AX Glossary of Terms

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Do you understand ERP terminology? Do all of your employees? Are they on the same page when they collaborate with each other from different places and possibly in different languages?

If you are in the market for ERP software, you’ve likely already come up with a lot of questions. You want to make a wise decision for a profitable investment, but you can be sabotaged right from the start if you don’t understand some of the “ERP speak” terms being used by vendors. Let us help you out:

Microsoft Dynamics AX is a comprehensive ERP solution, primarily for midsized to large, multinational firms focused on manufacturing. It is designed to empower your people to work effectively and compete globally. Microsoft Dynamics AX makes it easy to operate across locations and countries, but only if everyone is on the same page regarding the terms they are using to communicate with each other.

Microsoft has provided an extensive glossary of Dynamics AX terms. Here are a few of the entries:

abend - The premature ending of a program because of a program error or system failure.

account - A chronological record that describes the changes in value classified as assets, liabilities, expenses, and revenue.

account balance - The difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period.

account entry - A record of the increase or decrease in economic value classified by a ledger account.

account reconciliation - The practice of reconciling accounts.

account rule - A rule in an accounting system that controls the valid financial dimension value combinations when the requirements of the financial dimension structure condition are met.

This is just a small sample of the myriad terms you will see defined in the 50 page glossary, most if not all of them essential to the success of your Dynamics AX software and, by extension, the success of your employees and your business.

Download the Microsoft Dynamics AX glossary PDF here

Whether you are shopping for ERP software or already using it, The Microsoft Glossary of Dynamics AX Terms can help.

Be confident that your Dynamics AX business management solution meets the demands of your business and facilitates collaboration and communication among your worldwide team.

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