You may have go to run a Income Statement in Business Central or a Balance Sheet and have found the report returns nothing. That is because you have to build it! Business Central offers much greater financial reporting and analysis than other accounting systems, however that does mean there is some setup. Or what I […]
Continue Reading
You maybe wondering how to post a bank receipt in business central, it is using the cash receipt journal. What is a cash receipt journal? This journal is used to process any income, it is not only used for bank receipts it can be used to post income to any account in business central. For […]
Continue Reading
Business Central has the capability to manage Cash accounting VAT. What is cash accounting VAT? Where VAT is declared and reclaimed on payment of invoices and credits rather than the invoice date. Unrealised VAT is how business central manages VAT cash accounting. How to set up Unrealised VAT or VAT cash accounting in business central. […]
Continue Reading
To enable customer data set to be quickly and accurately done Microsoft dynamics/business central allows you to use a template that creates standardized settings for when new records are created. Search for Customer Templates found under lists. Open a existing template to edit it or click new to start a fresh. Click the settings cog […]
Continue Reading
Recurring journals in microsoft business central (previously dynamics or NAV) are very useful for month end processes such as accruals, depreciation charges and many more. You can create a recurring journal batch which is specifically for the different journals you require. Such as accruals. What does a recurring general journal do? Its does more than […]
Continue Reading
The holy grail of any finance system is the audit trail, in Microsoft Business Central it can appear to be hidden if no one tells you where to find it. With Sage you click transactions and can see the full Audit Trail. Moving from Sage to the Business Central can seem daunting as it is […]
Continue Reading
I have done this twice since working with Microsoft Business Central, ended my previous VAT quarter and forgot to calculate and post the VAT Settlement. On checking my current quarter it is pulling through all of those previous quarter transactions…. Nightmare! 😨 It is easily resolved just follow the below steps and save for later […]
Continue Reading