In April 2021, Microsoft made generally available the ability to correct dimensions for general ledger entries. The goal of this shift is to allow your financial reporting to provide you with the most accurate insight possible, and this means not having to account or note data entry errors. Because, let’s face it: mistakes happen! But your financial reporting shouldn’t need to be negatively impacted as a result.

If you manually track deferred revenue or expenses, you know how timely and tedious it can be to balance these items on various spreadsheets before bringing those entries into your accounting system. Although not difficult, it requires you to manage things outside your system—like an Excel spreadsheet that you have to keep up with and post a recurring entry for each month. Luckily, Business Central has a solution that simplifies this. If you set up a deferral template, you can use it to defer...

Dynamics 365 Business Central hosts a fleet of business intelligence tools that can manage, track, and analyze company data more easily. Users can generate reports and easily share critical documents and data with others, and Business Central users can maximize the power of their data by utilizing dimensions when tracking data entries in accounts or documents.