Business Central’s Chart of Accounts shows you all the ledger accounts storing your financial data. It can also be a behemoth to navigate, making the ability to filter on different values to find exactly what you’re looking for all the more valuable for your accounting practices. And there’s one type of filter that is common to overlook that we’d like to dig into—the “Filter totals by” function.

Many organizations’ fiscal year-end doesn’t match up with the calendar year-end. In fact, June 30 is a pretty common fiscal year-end. So if you’re in this boat, here’s your closing procedures refresher for Business Central/NAV, plus a handful of useful resources to get you started on your close.

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.

Let’s imagine this scenario together: You’re searching for your first or your next ERP solution for your business, but you’re worried about a few things. First and foremost, you will likely consider functionality and budget – what will this cost, does it have what I need, and will it pay off?After you’ve found a viable ERP—say Microsoft Dynamics 365 Business Central—you move on to other concerns, like the dreaded how long will this take?

Dynamics 365 Business Central utilizes a browser-based modern interface for all users to conduct their ERP processes in. With this modern interface comes personalization features for each user to update the interface to match their preferences and help them get their job done faster. One such personalization feature that can make any job in Business Central easier is custom notifications. For example, an inventory manager can apply a notification to run when a specific item or item category i...

Keyboard shortcuts are important tools for many ERP system users that spend their days entering data and navigating around the system. With Dynamics 365 Business Central, Microsoft has included a comprehensive list of keyboard shortcuts to make actions and navigation easier within the application. The shortcuts discussed below are mostly the same between Windows and macOS, however if a shortcut doesn’t work on macOS, there may be an alternative shortcut listed in Microsoft’s official document...

Dynamics 365 Business Central makes use of a feature called Business Intelligence to assist end-users in data analysis and reporting. This works largely with the help of dimensions. Dimensions in Business Central are custom attributes that can be assigned to a variety of different entry records. These dimensions can then be grouped by similarities such as a region or product and with reporting via account schedules.

If you are new to Dynamics 365 for Finance and Operations (Operations), there are several small setup changes that will make your inventory related transaction entry easier if you can find where to set them up. One of these is the setup for default sites and warehouses.

At the end of the month you not only need to be able to calculate the sales tax due to each state in which you have jurisdiction, but you also need to enter an invoice and/or payment for the transaction. In Dynamics 365 for Finance and Operations, you can do both in one process by settling your sales tax.

“How do you know your company needs a new accounting system?” The answer is simple: If you use spreadsheets to support your accounting function or to report financial results, you have the wrong accounting system. If you have the right accounting system, the system will perform nearly all of your bookkeeping, reporting, and data management without the need for spreadsheets.

I frequently get calls from accountants (or IT guys) that are tasked with finding a new accounting system for their company. I am always very sympathetic with these poor souls, because the assignment is many times an virtually an off the cuff request: “By the way, will you please look around and get me a list of all of the accounting systems that we should consider and perhaps a recommendation for the best one?” This is not a simple request. The average accounting system runs a company’s oper...