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Dynamics 365 Business Central – How I post Opening Balances for Goods Received Not Invoiced (Expected Costs) in Business Central
Introduction A key process in any new Business Central implementation is posting and reconciling the opening balances. While some opening balances, such as those in the General Ledger, Sales Ledger, and Purchase Ledger, are straightforward, others, like Fixed Assets and Read more
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Dynamics 365 Business Central – YouTube Video Series – A closer look at Dimensions in Business Central
Introduction Dimensions are a really powerful feature of Business Central that enable additional reporting and analysis capabilities that go beyond the conventional Chart of Accounts, which only offer a single General Ledger code. In this three part series I use Read more
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Dynamics 365 Business Central – YouTube Video – What are the Direct Cost Applied and Purchases Accounts and why are they used?
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 Read more
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Dynamics 365 Business Central – How to post a VAT only journal for VAT adjustments
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 Read more
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Dynamics 365 Business Central – How to remove the message “Your VAT return is overdue…” when the VAT return has been Submitted and Accepted
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 Read more
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Dynamics 365 Business Central – How to quickly find the VAT entries closed by a VAT Statement using the G/L Register page
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 Read more
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