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 Application section is Use Different General Ledger Accounts For Payables, Receivables.
Sometimes businesses want to post payable and receivable transactions to a different general ledger (G/L) account than the one that is specified on the customer or vendor posting group—for example, in a case where a transaction is for a bad debt. Controllers can define policies for posting these nonstandard transactions, and accountants can change them during posting.
Enabled for: Users by admins, makers, or analysts
Public Preview: –
General Availability: Apr 2023
Feature Details
You can enable alterations of default customer or vendor posting groups by choosing Allow Alteration of Posting Group on the Sales and Receivable Setup and Service Mgt. Setup pages for customer posting group changes, and the Purchases and Payables Setup page for vendor posting group changes.
On the Customer Posting Groups or Vendor Posting Groups pages, you can specify the posting groups to allow as substitutes by choosing Substitutions. Substitute posting groups can replace the default customer or vendor posting group specified for a customer or vendor.
After you set this up, you can pick among allowed substitute posting groups and change customer or vendor posting groups when posting sales or purchase documents and journals. Changed, non-default, customer or vendor posting groups are copied to posted documents and journals, and payable or receivable G/L entries are posted to the G/L accounts specified for the substitutes.
For example, when you apply an invoice and a payment that are posted with different customer or vendor posting groups, resulting in different G/L accounts, Business Central transfers amounts between the G/L accounts to balance them.
You’ll also be able to run the Suggest Vendor Payments report using a vendor posting group as a criteria for suggesting payments.
| New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 |
| Use Business Events To Notify And Trigger External Systems |
| Get Started With More Sample Power Automate Templates And Power Apps |
| New Approval Workflow Experience With Power Automate Templates |
| Support Dynamic Environment And Company In Power Platform Connector |
| Remove Modification Limits For Triggering Flows |
| Use Power Automate To Post Adaptive Card Or Link To Business Central Record |
| Adjust Exchange Rates Easily, Replace The Built-In Batch Job |
| Use Different General Ledger Accounts For Payables, Receivables |
| Avoid Document Number Errors When You Post Item Journals |
| Company Hub Now Lets Admins Add User-Specific Settings |
| Define Content Of Created Warehouse Documents With Filters |
| Intercompany Posting Setup Supports More Transaction Types And Streamlines Flows |
| Preview Item Journals Before Posting |
| Review General Ledger Accounts Faster |
| Set Up And Sync Master Data Across Companies |
| Ship And Receive Non-Inventory Items On Warehouse Documents |
| Shopify Connector Becomes Extensible |
| Shopify Connector Becomes Extensible |
| Synchronize Returns, Refunds From Shopify |
| Undo Transfer Shipments |
| Swedish Localization Delivered As Extension |
| Supporting More Countries And Regions |
| AL Explorer And AL Home In Visual Studio Code AL Extension |
| Attach AL Debugger To Active Session Or Next Session |
| Improved Compiler Resource Handling And Faster Code Analyzers |
| Optimized Runtime Package Generation For Sharing |
| Provide Title And Custom Actions To Error Dialogs |
| Control Database Locking Behaviour |
| AL-Go For Github – Modern Devops For Partners |
| ISVs Can Organize A Preview For Their Appsource Apps |
| Experience Improved App Management Settings |
| Get An Improved Cloud Migration Status Overview |
| Include Or Exclude Tables From Cloud Migration |
| Transfer Environments Between Azure Ad Tenants |
| Non-Deductible, Partly Deductible Vat Expands Functionality |
| Audit File Export Eases Saf-T Compliance |
| Easily Find And Install Payroll Apps From Within Business Central |
| Modern Tooltips Are Easy To Read And Understand |
| Refresh Of Content To Support Modern Tooltip UI |
| Experience Enhanced Adaptive Cards In Teams |
| Configure Security Controls For Teams Cards |
| Add Existing Table Fields To Optimize Your Pages |
| Drag And Drop Files Onto The File Upload Dialog |
| Access Actions And Navigation Menu Efficiently With Keyboard |
| Get More Productivity Out Of An Optimized Action Bar On All App Pages |
| Get Unblocked Using Actionable Error Messages In Select Application Areas |
| Tailor Action Bar To Fit Your Needs On Document Lines |
| Copy And Paste Readable Hyperlinks |
| Removed Functionality |
| Add More Columns to Pages for Better Insight |
| Catalog Items Use Standard Number Series, Can Include in Blanket Sales Orders |
| Demo Tool and Data for Warehouse and Inventory Scenarios |
| Easier to Create Opening Balances for Item Tracked Inventory |
| Post multiple transfer orders at the same time |
| Set Default Dimensions on Locations, Inventory Documents and Journals |
| Usability Improves for Transfer Order: Select Multiple Items, Mandatory Fields |
| Usability Improves for Warehouse, Inventory and Tracking Areas |
| Use Advanced Warehouse Functionality With Minimal Complexity |
| Use Statistical Accounts to Collect Data for Financial Reports |
| Save Time With Automatic Account Codes (Sweden and Finland Only) |
| Country/Regional Expansion – Andorra |
| Define Regional Settings Per Report Using a Region Property |
| Extensions That Fail Pre-Upgrade Validation Get More Detailed Error Insights |
| Delegated Admin’s Job Queue Entries Are Run by User |
| Manage User Permissions Using Security Groups |
| Analyze, Group, and Pivot Data on List Pages Using Multiple Tabs |
| Allow Application and Tenant Databases to Differ in Collation |
| Business Central server runs on .NET 6 |
| New telemetry events and data |
| Performance – OData calls are now faster |
| Improved Alignment of Headers in Statistics Pages |
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