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As I’ve mentioned several times on my blog I originally come from a Dynamics GP background so making the transition to Dynamics 365 Business Central has been a real learning journey for me, and one that is still ongoing. Along the way I’ve managed to learn some important concepts which I hope to share in…
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Introduction When posting a payables invoice in Dynamics 365 Business Central you can specify payment discount that can be taken if the invoice is paid early. You define this using the option below Please note this can also be defaulted for you onto the purchase invoice from the payment terms on the vendor. However what…
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I came across an interesting situation today that I thought was worth documenting to see if there’s any known reason for this behaviour or if I’ve misunderstood something. I’m unsure if this is a software issue, or by design, however I noticed that even though I’d set the dimension value posting to “No Code” on…
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Introduction This is another blog in a series I’ve been writing comparing functionality in Dynamics GP to Dynamics 365 Business Central. In this post I’m looking at multi currency revaluation in Dynamics GP compared with adjust exchange rates in Dynamics 365 Business Central. Both routines perform the same task of revaluing foreign currency entries, and…
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I came across a situation where a user needed to post a credit card payment via a payment journal with a VAT element so I thought I’d document on my blog 🙂 In order to do this first create a Payment Journal batch with the relevant balancing account, in my case a credit card, and…
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Introduction This is another blog in a series I’ve been writing comparing functionality in Dynamics GP to Dynamics 365 Business Central. In this post I’m looking at account segments in Dynamics GP compared with dimensions in Dynamics 365 Business Central. The configuration of Dimensions and Account Segments can become quite a in depth subject, so…
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Introduction Its good practice to periodically reconcile the General Ledger control accounts to the sub ledgers. In this post I’ll highlight the reports and enquiries that can be used in Dynamics GP versus the reports and enquiries that can be used in Dynamics 365 Business Central to achieve this task. Dynamics GP On the General…
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Introduction Dynamics GP and Dynamics 365 Business Central both have great options to manage financial periods therefore controlling what date ranges users can post into. In this post I’ll explore how this is achieved in both products, and point out what I think are the key benefits of each solution. Dynamics GP In Dynamics GP…
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Although not a regular occurrence, from time to time users need to post a VAT only invoice onto the sales or purchase ledger. If this happens below are the steps you can take to do this: Please note these steps are specifically for a Purchase Invoice however it should work the same for a Sales…
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Introduction Recently I’ve been looking into how the “Unit Cost” is calculated for items using the “FIFO” costing method. I’ve found even if the item is set to “FIFO” the Unit Cost still displays an “Average Cost”. What’s more, depending on your “Inventory Setup”, this “Average Cost” might not be an as it seems either.…
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