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This post discusses using the Recurring Journal in Business Central to split the balance of a General Ledger account across dimensions. It explains the “Recurring Method” of “Balance” and provides a worked example of splitting costs across different departments. This method reduces errors and saves time compared to using a normal “General Journal.”… Continue reading…
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In Business Central, Sales Prepayment Invoices are used to invoice before delivering goods or services, requiring a specified Sales Prepayment General Ledger code. When faced with different VAT rates, a workaround involves creating and configuring additional General Ledger codes. The solution allows for posting Sales Prepayment Invoices with varying VAT amounts.… Continue reading →
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In Business Central, when a customer pays cash to a different company than the one where the sales invoice is posted, use Intercompany functionality. Record the payment in the receiving company and close the open invoice in the selling company using Intercompany Journals. This process ensures accurate reconciliation and customer account management.… Continue reading →
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The “General Posting Setup” page in Business Central is crucial for defining General Ledger codes based on business and product posting groups. However, default filters can limit the displayed GL accounts. To view and select all accounts, tick the “View All Accounts on Lookup” option. This simple step ensures visibility of all posting accounts for…
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The writer discusses methods for posting opening balances in Business Central for various modules, addressing the General Ledger in particular. They outline three approaches, emphasizing the importance of detail and historical financial reporting. Despite time and labor considerations, the writer favors Method 2 for its comparison reporting upon system implementation. They conclude by expressing gratitude.……
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The author discusses methods for posting opening balances for Sales and Purchase Ledger. Method 1 balances entries to the Accounts Receivable control account, but can cause issues if a balance is reversed. Method 2 balances to a Suspense Code and then reverses the balance to the Accounts Receivable GL Code, mitigating the risk of imbalance.…
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The post discusses different behaviors when accessing the “General Journal” page in different companies in Business Central. It explains that the issue was caused by the presence of duplicate “General Journal Template” and suggests creating multiple batches within a single template as a standard practice to resolve such issues.… Continue reading →
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The final video in the “Making the most of your Business Central Trial” series walks new users through creating and configuring a company using preconfigured packages you can download. These packages include basic setup data, a full Chart of Accounts, and preconfigured posting setup. Users can import the packages, bring in their own data, or…
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You can download Configuration Packages to assist setting up a new company in Business Central from the provided Word Document. The YouTube video explains how to use these packages. Due to file type limitations, the .rapidstart files can be copied and pasted from the Word Document. Click the link to download the Configuration Packages.… Continue…
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The 2024 wave 1 release of Business Central introduces “Chat with Copilot,” currently only available in the US. To try it outside the US, create a US localised Sandbox in the Admin Centre. Once active, access the Sandbox and use the Copilot icon in Business Central. More regions will soon have Chat with Copilot.… Continue…
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