New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1: Review General Ledger Accounts Faster

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 eighth of the new functionality in the Application section is Review General Ledger Accounts Faster.

During the process of closing a period it’s often necessary to go through all transactions for a G/L account to ensure they’re correct. The G/L Review action makes the review process faster and easier.

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

Feature Details

To speed up the period-end process of reviewing and reconciling G/L accounts, you can review the G/L entries for a given G/L account and mark the entries as Reviewed.

On the General Ledger Entries page, use the G/L Review action to review the entries. If you’re upgrading or have migrated a large number of G/L entries, you can limit the number of entries to review. On the General Ledger Setup page, specify the date from which to show entries in the G/L Reviewed Date field. Entries before that date are considered as already reviewed. If you have a small number of old G/L entries that you don’t need to review, you can run the Set old G/L entries to reviewed background job to mark them as reviewed in bulk.

The G/L Review action doesn’t require double-entry bookkeeping to review all entries for a given transaction, which makes it a flexible capability. You can also remove the review setting if you’ve made a mistake

My Opinion

Anything which will make period ends easier or faster to complete is going to be welcome.