A client reported the error “Transaction Analysis information for this transaction is incorrect or missing” when trying to post a batch of sales invoices.
A screen shot of the error message on the edit list is below:
I connected to the clients system, ran an edit list, and found I also received the same error message.
I know this error is usually related to Multi Dimensional Analysis (MDA) or Analytical Accounting (AA) issues on the transaction, and as this client doesn’t use MDA, I figured it was most likely related to AA.
I therefore checked the AA window in the distributions on the transaction, expecting missing AA codes, however everything seemed fine. I then clicked “Validate” and was presented with the following permission error:
This indicates I don’t have permissions to some of the AA codes on the transaction.
I therefore went to “Tools > Setup > Company > Analytical Accounting > User Access” and granted permissions to all the relevant AA codes for my user. Then, I then ran another edit list of the batch and the error had gone.
Next I updated the clients permissions and they can now post the transaction.
I hope this helps anyone else encountering the same issue.
There might be occasions when you wish to write off the amount of an invoice. For example if a customer has underpaid and you don’t wish to leave the balance on the invoice. You can achieve this using a payment tolerance.
In this scenario I have a posted invoice for £101.00 and the customer has sent a payment of £100.00. Instead of applying the payment and leaving a balance on the invoice of £1.00, we’ll write off the £1.00 using a payment tolerance.
Below is the invoice for £101.00 as shown in the Customer Ledger Entries page:
I’ll now go to a Cash Receipts Journal and raise the payment below and click “Apply Entries” to apply this to the Invoice (* Please note you can also post the payment for £100.00 and apply afterwards using the same technique)
Once in the “Apply Customer Entries” page I first change the “Pmt. Disc. Tolerance Date” so its after the posting date of the invoice, then I’ll add a “Max. Payment Tolerance” of £1.00 and finally enter £100.00 in the “Amount to Apply” as per below
Now, back in the Cash Receipt Journal window I’ll select “Preview Postings” so I can double check this is going to work as intended prior to clicking “Post”. I can check this by viewing the “Detailed Ledger Entries” and in this scenario everything seems to be fine as I have a “Payment Tolerance” entry type in the Detailed Ledger Entries.
As everything is fine I’ll now post this transaction, which will close the Invoice as fully applied:
After posting the Payment the remaining amount on the Payment and Invoice are both £0.00. If I click “Remaining amount” on the Payment I can see the “Payment Tolerance” in the Detailed Ledger Entries.
This is another blog in a series I’ve been writing comparing functionality in Dynamics GP to Dynamics 365 Business Central.
In this post I’m looking at multi currency revaluation in Dynamics GP compared with adjust exchange rates in Dynamics 365 Business Central.
Both routines perform the same task of revaluing foreign currency entries, and both are great and easy to use solutions, however I’ve found some key differences which I’ll highlight below.
** Please note this article doesn’t go into how rates are selected and what filters can be used. It focuses on the options available to revalue.
In Dynamics GP you run the revaluation using the “Multi currency Revaluation” window below:
The first thing to note is the revaluation routine is ran separately for the Financial (GL), Sales and Purchasing modules and for all three modules you can select to run a “Realised” or “Unrealised” revaluation.
In my experience a “Realised” revaluation is only ever ran on the financial series against G/L codes for foreign currency bank accounts. However the option exists to run a realised revaluation against the sales and purchase series as well.
** I suspect this would be useful if a sales or purchase transaction had either been outstanding on the ledger for a while, or was expected to be outstanding on the ledger for a while, and in that time a significant change in the exchange rate had, or would occur.
When you do run a “Realised” revaluation on the sales or purchasing series the functional (LCY) currency amounts are updated on the original transaction, and G/L entries are posted to the relevant realised exchange gains and losses accounts.
The “Unrealised” revaluation can also be ran against the Financial, Sales and Purchasing series however in my experience this is only generally ran against the Sales and Purchasing series.
Interestingly the “unrealised” revaluation can be ran with or without the “reversing” option being ticked.
With the option ticked entries are posted to the unrealised gains and losses accounts as expected however a reversing journal is also posted on the date specified backing out those postings. Also, when this is selected, the functional amounts (LCY amounts) on the original sales or purchasing transactions aren’t updated.
When the option for a reversing entry isn’t ticked the unrealised gains and losses are updated along with the functional amounts on the original transactions. When the transaction is applied the unrealised gains and losses are reversed and the realised gains and losses are updated. (in my experience this is the option that is most commonly used)
Finally you can also “print report only” prior to running the actual revaluation. This gives you a sneak preview of what would happen if you were to run the revaluation. I find this very useful and always recommend using this prior to posting the revaluation.
Dynamics 365 Business Central
The window below is used to run the “Adjust Exchange Rates” in Dynamics 365 Business Central:
The first thing to note is that in Dynamics 365 Business Central there’s no option to run the “Adjust Exchange Rates” separately for each ledger (or series).
There’s also no option to revalue the G/L codes other than the bank accounts. (which are revalued by adjusting the bank account ledger entries. The G/L entries aren’t affected)
** This is because interestingly unlike Dynamics GP the foreign currency amounts aren’t stored in the G/L Entries table. Only “additional currency amounts” are stored in the G/L entries….more on that later.
In also interesting to note that unlike Dynamics GP there’s no specific option to run a “realised” or “unrealised” revaluation.
When you run the “Adjust Exchange Rates” job and select “Adjust Customer, Vendor and Bank Accounts” the system posts adjustments to the “unrealised” gains and losses for the Customer and Vendor Ledger entries and to “realised” gains and losses accounts for bank accounts. Any “unrealised” gains and losses are tracked on the original transactions via “Detailed Ledger Entries”. As with Dynamics GP these are reversed when the transaction is applied and amounts posted to the “realised” exchange gains\losses accounts.
Dynamics 365 Business Central also offers the ability to record transactions in an “Additional Reporting Currency”. Although this is beyond the scope of this article, when this is configured amounts are posted to the G/L entries in the selected reporting currency using the current rate for the selected additional currency. Depending on the configuration of the G/L code these can be adjusted by selecting the option “Adjust G/L accounts for Add. Reporting Currency” in the “Adjust Exchange Rate” window as per above.
Although you can specify a reporting currency in Dynamics GP you can’t revalue it in the same way you can in Dynamics 365 Business Central.
I’ve found there are quite a number of differences in functionality between Dynamics GP and Dynamics 365 Business Central in this particular area.
For example you can’t run a realised revaluation of the Sales and Purchasing ledgers or revalue G/L codes other than bank accounts. There’s also no option to preview the potential posting prior to running the routine.
This said, in my experience, the functionality offered by Dynamics 365 Business Central would be adequate for all Dynamics GP users thinking of making the transition to Dynamics 365 Business Central.
** Please note based on my findings running the “Adjust Exchange Rates” job and selecting “Adjust Customer, Vendor and Bank Accounts” is the equivalent of running a realised revaluation on the financial series restricted to bank accounts, and running the unrealised revaluation in Dynamics GP on the Sales and Purchasing series and not ticking the “reversing” option.
I’d be interested to hear if anyone knows of users needing to run realised revaluations of the Sales and Purchasing ledgers and the reasons for this. Also if anyone runs an unrealised revaluation and marks the option to reverse this.