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Introduction When discussing Direct Cost Applied and Purchases accounts with newcomers to Business Central, they invariably initiate a conversation about their purpose and significance. As a result of this, I decided to create a video where I share my insights 🙂 Hope you find it useful 🙂
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Introduction There may be times when you need to post a full VAT only journal to record a VAT adjustment. In these scenarios you want no effect in the General Ledger, but wish to have an adjusting VAT entry appear on the VAT statement. In this post, I’ll walk through the necessary steps for setting…
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Introduction The UK version of Business Central gives the ability to submit your VAT return via the Making Tax Digital functionality. This enables you to connect to HMRC and download your VAT obligations and subsequently submit your VAT return. However I’ve found that sometimes even though the VAT return has been submitted to HMRC and…
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Introduction In this post I’ll walkthrough a method I use to quickly find all VAT entries that have been closed on a previous VAT statement using the G/L Registers page. You can then export the entries to Excel and recalculate the submitted VAT return by summing each VAT Business and VAT Product posting group combination.…
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Introduction I always assumed the free trial of Business Central lasted 30 days, with a potential extension to 60 days (90 days if a partner relationship has been made), however if you dig into the details of the trial FAQ you’ll see this isn’t the case. In this post I’ll go through the Microsoft FAQ…
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Introduction When posting opening balances for reducing balance assets things can sometimes prove a little challenging. In this post, I’ll walk through how I post opening balances for reducing balance assets, and the best practices I follow. In this example I’m posting opening balances for a reducing balance asset as at 31/08/23 in the financial…
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Introduction There might be instances where you want to remove a users access to certain pages in Business Central. This blog walks through how to achieve this by creating a new permission set and utilising the “exclude” feature, using the Chart of Accounts page as an example. The User The user below has been configured…
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Introduction Business Central provides users with the ability to email from a Shared Mailbox. For example, if you want to email all Sales Invoices from the generic email address “AccountsReceiveable@CompanyName.com” rather than an individuals email address. This blog walks through the steps to add a Shared Mailbox in the Microsoft 365 Admin Centre called “Accounts…
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Introduction There may be occasions when customers overpay or underpay a particular invoice, and you’d like to write off the amount rather than leave it on their account. In this blog, I’ll walk through how you can automatically write off amounts when entering Cash Receipts using a Payment Tolerance. First, I’ll explain an underpayment write-off,…
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