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Dynamics 365 Business Central – A Method for posting VAT Opening Balances when going LIVE mid VAT Period
This post provides guidance on posting opening VAT balances in Business Central when transitioning from another system during a VAT period. It highlights the necessity of recording VAT figures through a General Journal entry to ensure all relevant transactions are submitted correctly, thus enabling accurate VAT statement reporting.… Continue reading → Read more
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Dynamics GP to Dynamics 365 Business Central – How to post a batch of Sales or Purchase Invoices using the same Posting Date
This post explains how to batch post Sales or Purchase Invoices in Business Central using a single Posting Date, similar to Dynamics GP. It details the steps to select multiple invoices, utilize the “Post Batch” feature, and set a uniform Posting Date, achieving the desired transactional outcome.… Continue reading → Read more
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Dynamics 365 Business Central – Download a VAT Configuration package for the UK – Includes EU Reverse Charge and Postponed VAT
The VAT Configuration Package simplifies the process of posting EU reverse charge invoices and handling Postponed VAT for UK businesses. It includes settings for Standard VAT, EU Reverse Charge services, and Pre-configured VAT Groups for accurate calculations. A General Journal for testing the VAT statement is also provided. Download access requires subscription.… Continue reading → Read more
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VAT Configuration Packages
The VAT Configuration Package for Business Central can be downloaded as a Word Document containing a .rapidstart file. Users should test the setup in a Training Company with their data, import the package, review and tailor VAT settings, and confirm configuration before applying it to ensure it meets their requirements.… Continue reading → Read more
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Dynamics 365 Business Central – Shortcut Dimensions and Why Your Dimensions Aren’t Visible on Journal and Document Lines
The post emphasizes the necessity of properly setting up new Dimensions in Business Central to ensure they are visible in journals and documents. It outlines the process of creating a Dimension and highlights the critical final step of designating it as a “Shortcut” dimension in the General Ledger Setup for easier access.… Continue reading → Read more
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Dynamics 365 Business Central – Getting Started with Business Central – What to expect from a Business Central Project
This video introduces a series on “Getting Started with Business Central” aimed at assisting new users. It outlines the phases of a Business Central project, offering insights and considerations. Acknowledging individual project variations, it provides a general overview. The video aims to prepare and guide users as they embark on their Business Central implementation journey.…… Read more
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