This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 2.
The 5th of the new functionality in the section is deferral accounting – posting the original amount as correction – Czechia.
The deferrals functionality lets you automatically defer revenues and expenses over a specified schedule and multiple accounting periods, giving accountants more control over when people post deferrals. Deferral accounting in such a way that the derecognition of the original amount entered does not increase turnover.
Enabled for: Users, automatically
Public Preview: –
General Availability: Oct 2024
Feature Details
You can define periods during which you allow people to post deferrals for specific users on the G/L Setup page, and for users on the User Setup page by entering dates in the Allow Deferral Posting From and Allow Deferral Posting To fields. This lets people post deferral entries in a future period, even though the Allow Posting From/To fields block other entries. Within this new Czech functionality, accrual accounting is implemented in order to avoid increasing the turnover by de-recognizing the originally entered amount.