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 sixth of the new functionality in the Legislation section is VAT posting in General Ledger setup.
You can limit the VAT dates for posting independently from the posting dates.
Enabled for: Users, automatically
Public Preview: Nov 2023
General Availability: Dec 2023
Feature Details
Currently, when you use the VAT Date functionality, the validation is the same for the Posting Date in the General Ledger Setup and the User Setup. This means you can’t backdate VAT entries without opening prior posting periods and sometimes, the Posting Date and VAT Date range isn’t the same.
This feature introduces new separate setups to control the VAT Date independent of the Posting Date. You can configure the VAT Date range in the VAT Setup page using the following options:
- Allow VAT Date From
- Allow VAT Date To
The same option will exist on the User Setup page and will extend options for configuration for users.
My Opinion
This is a feature which is very much needed to ensure that transactions can be recorded with the correct VAT dates.
New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 2
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