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Dynamics 365 Business Central – How to Post a Single Bank Ledger Entry for Multiple Cash Receipts from Different Customers using the Cash Receipt Journal
In this post, we cover posting a single bank ledger entry for multiple customer payments, common with credit card companies like American Express. Using the “Cash Receipt Journal”, the cash is entered and applied to individual customers, then balanced to the bank account. This ensures accurate bank reconciliation in Business Central.… Continue reading → Read more
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Dynamics 365 Business Central – How to post Purchase Invoices for Lease Cars using the non-deductible VAT feature
If your business leases a car, you can only reclaim 50% of the input VAT, unless it’s exclusively for business. Use “Non-Deductible VAT” feature in Business Central to manage this. Switch on the feature, create a new VAT product posting group, assign it to GL code, and configure VAT posting setup to reclaim the correct… Read more
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Dynamics 365 Business Central – A method to check when an Environment was created in the Admin Centre
The Business Central Admin Centre allows you to find out when an environment was created. Accessible through the “Settings” option or by adding “Admin” to the Business Central URL, it provides details on environment creation date, user, updates, and more. This feature was developed based on community input via the Microsoft Ideas site.… Continue reading… Read more
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Dynamics 365 Business Central – How to quickly split the balance of a General Ledger account across Dimensions using a Recurring General Journal
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… Read more
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Dynamics 365 Business Central – How to manage different VAT rates when posting Sales Prepayment Invoices
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 → Read more
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Dynamics 365 Business Central – How to post a Payment in one company and apply to an invoice in another company using Intercompany functionality
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 → Read more
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