This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 1.

The 1st of the new functionality in the Reporting and data analysis section is discover report and data analysis content easily.

End users can now discover report and data analysis content, including queries, reports, and Power BI pages, by using navigational search (Tell Me) or the new report explorer page. This feature minimizes the effort it takes to find report and data analysis content, making it more accessible and user-friendly.

Enabled for: Users by admins, makers, or analysts
Public Preview: Apr 2024
General Availability: Apr 2024

Feature Details

Business Central comes with many options for reporting, business intelligence (BI) dashboards, and data analysis. This release makes this content much easier to discover through search and a new report explorer page.

In the search experience, Microsoft include the title and description from teaching tips (if defined by the developer), so that users can better decide whether the report, page, or query is what they’re looking for to solve their analytics need.

The role explorer has explanations on all entries, so that when you hover over a report, page, or query, you’ll find:

• The title and description from the teaching tip (if defined).
• You can open the report, page, or query in a new browser tab without closing the explorer view.
• An icon that helps you decide whether this is a report that delivers Excel or PDF files, whether the page is a Power BI report, or whether the query supports data analysis.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 1.

The 3rd of the new functionality in the Legislation section is achieve sustainable compliance with Business Central.

This feature enables you to collect and report on your sustainability activities. The solution is the foundation that will be used for compliance with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and other ESG standards..

Enabled for: Users, automatically
Public Preview: Apr 2024
General Availability: May 2024

Feature Details

Microsoft are introducing a groundbreaking feature focused on sustainability reporting. This new, easily extendable functionality lets you record and report on a wide spectrum of sustainability information, encompassing both qualitative and quantitative aspects, and forward-looking and retrospective data. You can also leverage the feature to actively reduce emissions, making it a valuable tool for small and midsized organizations seeking to comprehensively report on sustainability initiatives.

This feature ensures compliance with the European Union’s CSRD, which requires companies to report on the sustainability of their activities. The CSRD introduces a heightened requirement for reporting, impacting approximately 50,000 companies in the European Union—more than four times the number covered by the previous Non-Financial Reporting Directive (NFRD), which the CSRD supersedes. However, the solution will be built to ensure that ESG compliance aligns with other standards.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1: Achieve Sustainable Compliance with Business Central”

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 1.

The 2nd of the new functionality in the Legislation section is automate country of origin listed for item tracking code in Intrastat reporting.

This feature enables users to include the country of origin in item tracking. This enhancement is poised to increase productivity by automatically inheriting the country of origin for items in sales documents from corresponding purchases, eliminating the need for manual intervention. This information will later be used in Intrastat reporting.

Enabled for: Users, automatically
Public Preview: May 2024
General Availability: Jun 2024

Feature Details

Intrastat currently uses Country of Origin from the Item Card. However, it’s common that users are buying the same item from different countries. The new Intrastat solution in Dynamics 365 Business Central improves the usage of country of origin by allowing users to set up a Country of Origin on an Item Tracking Code. With this new approach, the Country of Origin for Items in sales documents automatically inherits values from corresponding purchase documents based on the Item Tracking Code setup, such as lot number or serial number. This eliminates the need for manual intervention and potential mistakes. With this information, Intrastat reporting will be faster and more accurate.

My Opinion

This sounds like a useful bit of automation which should help to reduce errors in Intrastat reporting.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 1.

The 1st of the new functionality in the Legislation section is see VAT date in posting previews.

This feature provides better overviews, compliant accounting and reporting, and increased productivity related to VAT details.

Enabled for: Users, automatically
Public Preview: May 2024
General Availability: Jun 2024

Feature Details

With this feature, you can view the VAT Date when you post previews in documents and journals. When a document is posted, the VAT Date field is visible in VAT entries and in G/L entries. Now, you can see the VAT Date before you post, when you run the Posting Preview action. This feature is a continuation of the VAT improvements based on user and partner feedback.

My Opinion

Again, a feature I am surprised in missing, but good to see that it is being added.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 1.

The 3rd of the new functionality in the Governance and administration section is encrypt data at-rest with customer-managed encryption key.

This capability will allow customers to meet their data and privacy policy according to the standard privacy guidelines.

Enabled for: Users by admins, makers, or analysts
Public Preview: –
General Availability: May 2024

Feature Details

With Dynamics 365 Business Central 2024 release wave 1, customers will gain the ability to encrypt their environment database using their own encryption key. This feature, also known as customer-managed key (CMK), provides enhanced data protection and compliance for your business data. With CMK, you can use your own Azure Key Vault key to protect and control access to the key that encrypts your environment database. This gives you more flexibility and control over your encryption keys, such as the ability to rotate, revoke, or restore them.

This feature will be administered in the Power Platform admin center, and will require the Business Central environment to be linked to a Power Platform environment. Enabling CMK on a Power Platform environment linked to a Business Central environment will apply the same CMK policy on the Power Platform and Business Central environments.