Dynamicstips

Microsoft enables additional control to when G/L entries can be deleted.  Now user can specify the start date of the period for which your country or region requires you to store financial data in the Check G/L Acc. Deletion After field on the General Ledger Setup page.  In my example below, if I must keep data for three years, and today’s date is 01/01/2022, I entered a date of 12/31/2025.  Business Central will notify the user if there are accounts with entries must be kept.  Hope you enjoy the reading. #businesscentral #dynamics #microsoft #erp #msdyn #microsoftdynamics #dynamicsnav #microsoftdynamicsnav #bc #navision #crm #nav #erpsoftware #business #technology #software #office #digitaltransformation #cloud #microsoftpartner #dynamicscrm #powerbi

 The main point for corrections in Fixed Assets is the usage of function “Cancel Entries” (Report 5686) “Cancel Entries” can be started from the FA Ledger Entries. This function copies the fixed asset ledger entries that you want to cancel to a journal.  If the fixed asset(s) are integrated with the general ledger, the program transfers the entries to the FA G/L journal . Otherwise, the program transfers the entries to the FA journal. You can then post the journal or adjust the entries before posting, if necessary. The fixed asset ledger entries are then removed from the FA Ledger Entries window and are posted to the FA Error Ledger Entries window. The steps below should be followed in using the Cancel Entries function to correct or reverse your Fixed Asset ledger entries: 1. Navigate to the FA Ledger entries page 2. Filter the document no. of the Disposal entries you would like to reverse Note: You need to select and Cancel the Depreciation Entries first before the Acquisiti...

One of the most common question our clients asked is how and why we need to define “Gen. Posting Type” on G/L account card. It is essential for both consultants and clients to understand the set up rules for this field. First of all, the “General Posting Type” field is attached to any transaction impacting the General Ledger and is primarily used in GST Reporting (i.e. BAS Statement). There are 4 options: Blank. This is when the transaction is not a GST related transaction, most commonly used on financial journals such as accruals or distribution of costs between divisions. Purchase . This will impact the GST Paid/Purchases area of the BAS. Sale . This will impact GST Collected/Sales area of the BAS. Settlement. Reserved for posting GST Settlements. To determine the correct value for Gen. Posting Type, decide whether the transaction you are doing should have an impact on your BAS or not. If the answer is no, then the Gen. Posting Type must remain blank. If the answer is yes, you will...