Day: October 23, 2023

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 2.

The eighteenth 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’s 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: Sep 2023
General Availability: Oct 2023

Feature Details

You can let people change the default customer or vendor posting groups by turning on the Allow Multiple Posting Groups toggle on the following pages:

• For customer posting group changes, turn on the toggle on the Sales and Receivable Setup and Service Mgt. Setup pages.
• For vendor posting group changes, turn on the toggle on the Purchases and Payables Setup page.

On the Customer Posting Groups or Vendor Posting Groups pages, you can specify the posting groups to allow as substitutes by choosing Alternative Groups. Alternative posting groups can replace the default customer or vendor posting group specified for a customer or vendor. In the following image, the EU posting group can replace the DOMESTIC customer posting group.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 2: Use Different General Ledger Accounts for Payables, Receivables”

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 2.

The seventeenth of the new functionality in the Application section is More control over general journal approvals.

Some transactions require more scrutiny by accounting managers and require approval before being posted. Making sure such transactions remain unchanged after approval is of great importance so you can ensure compliance to company policies.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

When you send a general journal batch or specific general journal lines for approval, Business Central ensures that people can’t change them before or after they’re approved.

Because mistakes can happen, actionable inline errors make it easier to make corrections. For example, after you request approval for a general journal batch, your accounting manager notices that you’ve specified the wrong G/L account. Changing the G/L account will show an inline validation error message that offers two actions that can help the accounting manager fix the mistake, or return the general journal batch to the submitter. The accounting manager can document the change they’re requesting by choosing Show Comments, or reject the batch by choosing Reject Approval.

My Opinion

I like the look of this new feature. It has always seemed a weakness of approvals in Business Central that a document couldn’t be tweaked in someway after submission without a rejection and resubmit after the change had been made. It would be good to see this rolled out in other types of approvals.

I was asked to deliver a training workshop to users at a client on the Fixed Assets module. Prior to the session, I logged on and gave te module a quick run through of the areas I would be covering, to make sure that everything worked correctly.

I encountered one error when trying to post a write-down; unfortunately I forgot to take a screenshot of the error as it happened, but the error message is shown below verbatim:

FA Posting Type Write-Down must be posted in the FA journal in Gen. Journal Line Journal Template Name='DEFAULT',Line No.='12000'

I was trying to post the write-down journal so the message wasn’t especially helpful in telling me that the write-down must be posted. I did a little checking and realised that on the Depreciation Book Card, the G/L Integration – Write-Down toggle was not enabled.

Once I enabled this setting I was able to post the write-down journal without any further problem: