2025-09-23
How to Create Statistical Accounts in Business Central
Table of Content
- How to Create Statistical Accounts in Business Central
- What Are Statistical Accounts in Business Central?
- Benefits of Statistical Accounts in Microsoft Dynamics 365 Business Central
- Step-by-Step: How to Create Statistical Accounts in Business Central
- Role of Statistical Accounts in Dynamics 365 Business Central Dubai
- Integrating Statistical Accounts with Power BI and Advanced Reporting
- Conclusion
- Frequently Asked Questions
When managing financial and operational data, businesses often need more than just monetary figures. That is where statistical accounts in Business Central come into play.
Statistical accounts allow companies to track non-financial data such as headcount, square footage, machine hours, or even customer visits. This information can then be paired with financial data to create more meaningful insights and KPIs within Microsoft Dynamics 365 Business Central.
In this detailed guide, we will walk through what statistical accounts are, why they matter, and how to create and manage them effectively in Dynamics 365 Business Central. Whether you are a business based in Dubai or working with a Microsoft Dynamics 365 Business Central partner globally, this tutorial provides a complete overview.
What Are Statistical Accounts in Business Central?
Statistical accounts are non-monetary accounts that store quantitative information instead of financial values. For example:
Number of employees
Square footage of office space
Number of shipments per month
Hours worked on a project
These accounts allow companies to link non-financial metrics with financial data, offering deeper insights. For instance, dividing revenue by headcount helps determine revenue per employee, an essential KPI for decision-making.
Why Statistical Accounts Are Important
- Enhanced Reporting: Combine financial and non-financial data to measure true business performance.
- Better Cost Allocation: Allocate costs based on operational drivers (e.g., electricity costs based on square footage).
- KPI Development: Track critical performance ratios like revenue per unit, occupancy rates, or productivity per staff.
Benefits of Statistical Accounts in Microsoft Dynamics 365 Business Central
Implementing statistical accounts within Business Central comes with several advantages:
Holistic View of Business: Gain a more accurate representation of company performance.
Improved Decision-Making: Managers can make decisions based on operational as well as financial data.
Streamlined Reporting: Use statistical accounts for reporting in Jet Reports, Power BI, and Business Central itself.
Flexibility: Track customized data points relevant to your industry.
For businesses in fast-growing markets like Dubai, statistical accounts in Business Central provide a competitive edge by combining financial and business statistics for sharper insights.
Step-by-Step: How to Create Statistical Accounts in Business Central
Let’s break down the process of creating statistical accounts in Microsoft Dynamics 365 Business Central.
Step 1: Navigate to Chart of Accounts
- Log in to your Microsoft Dynamics 365 Business Central environment.
- Go to the Chart of Accounts (COA) page.
- Choose New to create a new account.
Step 2: Define the Account Type
Select G/L Account type.
- In the account setup window, configure the following fields:
- No: Assign a unique identifier.
- Name: Example: “Employee Headcount” or “Machine Hours.”
- Income/Balance: Set as Balance Sheet (since these accounts are not income or expense related).
- Account Category: Choose Statistical (if available in your system setup).
Step 3: Configure Posting Settings
- Set Direct Posting = No (to prevent accidental posting).
- Ensure the account does not affect trial balances.
Step 4: Enter Statistical Data
- Create journal entries or use recurring journals to post non-financial values.
- For example, post “50” as employee headcount for the month.
Step 5: Reporting and Analysis
- Use Account Schedules to pull financial and statistical data together.
- Create ratios like revenue per headcount, cost per square foot, or profit per unit produced.
Examples of Statistical Accounts in Business Central
Here are some practical examples of how businesses use statistical accounts:
- Retail Business: Track foot traffic alongside sales revenue.
- Manufacturing Company: Monitor machine operating hours to evaluate cost efficiency.
- Hospitality Sector: Measure occupancy rates per night in hotels.
- Healthcare Industry: Track number of patients per department.
- For companies working with a Microsoft Dynamics 365 Business Central partner in Dubai, statistical accounts can also align with localized business reporting needs.
Role of Statistical Accounts in Dynamics 365 Business Central Dubai
Organizations in Dubai and across the Middle East are leveraging Business Central to manage both financial and operational data seamlessly. With rapid market growth, statistical accounts help businesses align with international best practices while meeting local reporting requirements.
A certified Microsoft Dynamics 365 Business Central partner in Dubai can assist with:
Implementing statistical accounts setup
Customizing reports
Ensuring compliance with UAE’s tax and accounting regulations
Integrating Power BI dashboards for advanced analytics
Integrating Statistical Accounts with Power BI and Advanced Reporting
One of the biggest advantages of statistical accounts is their ability to feed into advanced reporting tools:
Power BI Integration: Combine financial data with statistical accounts for real-time dashboards.
KPI Monitoring: Create custom KPIs that reflect operational efficiency.
This integration ensures that statistical accounts go beyond static reporting and contribute to dynamic business strategies.
Conclusion
Creating statistical accounts in Business Central empowers businesses to bridge the gap between financial and non-financial data. By tracking essential metrics like headcount, square footage, or operational hours, organizations gain deeper insights into efficiency and profitability. Whether you are working independently or with a Microsoft Dynamics 365 Business Central partner in Dubai, setting up and leveraging statistical accounts can transform the way you manage performance, reporting, and decision-making.
With enhanced reporting, KPI development, and integration into tools like Power BI, statistical accounts stand as a vital tool for modern businesses seeking a competitive edge.
Frequently Asked Questions
1. What are statistical accounts?
Statistical accounts are non-financial accounts in Microsoft Dynamics 365 Business Central used to track metrics like employee count, hours worked, or square footage. They enhance reporting by combining financial and operational data.
2. What are the types of Business Central accounts?
Business Central supports multiple account types, including:
Income Statement Accounts (Revenue, Expense)
Balance Sheet Accounts (Assets, Liabilities, Equity)
Statistical Accounts (Non-financial metrics)
3. What are business statistics in accounting?
Business statistics in accounting involve analyzing both numerical and non-financial data to evaluate company performance, trends, and efficiency.
4. What is statistics in business statistics?
Statistics in business statistics refers to collecting, analyzing, and interpreting data to make informed business decisions. It includes using both financial and operational figures.
With over two decades of driving marketing transformation across the GCC, Aasim brings a rare blend of brand leadership, digital innovation, and business foresight. He has demonstrated a unique ability to align with evolving customer and market demands whilst predicting and leading best practice in digital and customer experiences. His journey spans across building multi-million-dirham portfolios, launching modern marketing campaigns, building AI enablled Tech platforms and leading award-winning teams across both client and agency environments. His appointment to the MMA Board of Director reinforces a larger belief: Modern marketing demands more than strategy it demands ideas that are unafraid to build what’s next.