Day: February 22, 2023

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The second of the new functionality in the Legislation section is Audit File Export Eases Saf-T Compliance.

SAF-T (Standard Audit File for Tax) is an international standard for the electronic exchange of accounting data from organizations to a national tax authority or external auditors. As such, it’s required in many countries worldwide as a standard feature.

Enabled for: Users, automatically
Public Preview: Apr 2023
General Availability: May 2023

Feature Details

Many countries require reporting financial data and providing a set of SAF-T exports. The new Audit file export extension makes it easy to set up, generate, and export SAF-T in Business Central.

This extension enables future extension to additional audit files exports, so you can easily set up what you want to report to auditors.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1: Audit File Export Eases Saf-T Compliance”

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The first of the new functionality in the Legislation section is Non-Deductible, Partly Deductible Vat Expands Functionality.

Users in all relevant regions have improved VAT functionality with non-deductible and partly deductible VAT enabled.

Enabled for: Users, automatically
Public Preview: Mar 2023
General Availability: Apr 2023

Feature Details

Business Central lets businesses calculate deductible and non-deductible VAT amounts. You can configure VAT so that it isn’t deducted for purchases under certain conditions:

• The type of goods or services purchased. VAT is fully or partially non-deductible by the provision of the law on goods.
• Partially deductible prorated VAT. VAT is prorated according to the ratio between sales operations for which VAT is owed and all operations performed. VAT exceeding this ratio can’t be deducted.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1: Non-Deductible, Partly Deductible Vat Expands Functionality”