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Dynamics Ax 2012: Configuration of basic Setup or basic company data in Dynamics Ax 2012

Recently I made a new Virtual machine for dynamics Ax 2012. The issue was the VM was clean, no legal entity and no step up data present in it. Purpose of making this virtual machine is to study functional side of dynamics Ax 2012. On Searching start up data, I found excellent article by MVP Murray Fife.

Murray Fife identity following steps for configuration of dynamics Ax 2012
Configuring the Legal Entity:
This is require for Legal entity, form which everything will operate. In my Case it will be Lahore 01 i.e. lh01 Legal entity.
Configuring a Business Unit:
For ledger it is a better to create a new business unit for Legal Entity.
Configuring Account Structures:
Account structure will be required to post new company ledger from within the organization.
Configuring Company Ledger:
After configuration of account structure, company ledger will link to this structure and define the Account codes.
Configuring Automatic Transaction Accounts:
There is requirement of auto transaction accounts at organization level.
Creating a Bank Account:
Last step is configuration of Default Bank Account.

The complete article by MVP Murray Fife.
http://atinkerersnotebook.com/2013/05/01/configuring-a-basic-company-in-dynamics-ax-2012/

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