Tag: Microsoft Dynamics 365 Business Central 2022 Wave 2

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The sixth of the new functionality in the country and regional section is service declarations F01DGS for Belgium and Intrastat for Italy and France.

When required by local authorities, users are able to report when they export services from one EU country to other EU countries.

Enabled for: users, automatically
General Availability: November 2022

Currently, Belgian, Italian, and French authorities require reporting for exporting services to the other EU countries.

• In Belgium, this includes the F01DGS form.
• In France this includes the DES form.
• In Italy, this includes Intrastat for services.

This feature is available as an extension and can be used in all countries. Reporting is configurable, so it won’t have a hard-coded format for export.

It works with the Items (Type=Service), Resources, and Item Charges as services in both purchase and sales documents.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The fifth of the new functionality in the country and regional section is IRS 1096 Form (United States).

Users can use Form 1096 to transmit other paper forms to the IRS (United States).

Enabled for: users, automatically
General Availability: November 2022

Form 1096 is used to transmit paper forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G to the IRS. Business Central users can now run the Form 1096 report and send it to the IRS if this is required for them. Because Business Central reports only Form 1099, the new Form 1096 is related only to any already transmitted 1099 paper forms.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The fourth of the new functionality in the country and regional section is Word layout email template for CZ documents.

This update provides improved efficiency of sending Czech documents by email.

Enabled for: users, automatically
General Availability: October 2022

In order for users to easily send output documents by email, the Czech version of Business Central has been updated with a Word layout for the email body for documents such as sales quote, sales order confirmation, sales invoice, sales credit note, purchase order, reminder, sales advance invoice, and sales advance tax document.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The third of the new functionality in the country and regional section is specify a default bank account by currency – Czechia.

Save users time on data entry by making a bank account the default account to use for the currency specified for the account. The account is then assigned to sales and service documents that use the currency.

Enabled for: users, automatically
General Availability: October 2022

Microsoft are aligning the existing CZ capabilities for filling the company’s bank account into sales and service documents with the capabilities in the base application, which uses the bank account that is set up with the relevant currency and with the field Use as Default for Currency selected.

To make the account the default for sales and service documents, on the Bank Account Card page, select the Use as Default for Currency field. If needed, you can choose a different account when you’re working on a document.

When you post sales or service documents, the selected bank account is copied to the Bank Account Code field on the posted documents. You can change the bank account on the posted document using the Update Document action. This action can also help you change the values of the symbol fields Variable, Specific, and Constant. When you fill in those fields, the symbol changes are reflected in the document and also in the corresponding customer ledger entry.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The second of the new functionality in the country and regional section is configurable and redesigned Intrastat solution.

A new Intrastat feature covers all supported countries and regions with a configurable reporting method.

Enabled for: users, automatically
General Availability: October 2022

The new Intrastat solution provides a document with different statuses that show the history of any periods already reported. Intrastat works for both purchase and sales documents. The subject of Intrastat entries includes Items (Type=Inventory) and Fixed Assets. Many existing capabilities are improved in this release wave, and reporting is configurable without hard-coding file exports using the data exchange framework.

Technically, the new Intrastat reporting capability is provided as an extension.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The first of the new functionality in the country and regional section is check the GL journal balance by correction – Czechia.

This capability helps users to post corrective transactions so that they do not increase the account turnover.

Enabled for: users, automatically
General Availability: October 2022

In the base application, there’s a check in the general journal posting function that requires the value of the Correction field to be the same on all lines of the document.

With this update, on the General Journal Batch page in the Czech version, you can now switch on the Allow Hybrid Document field. If you do that, you can post a document as a single document number in the general journal, though it has normal (value of the Correction field is No) and correction lines (value of the Correction field is Yes). It’s used in cases where you don’t want to increase the account turnover by posting a correction.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The fourteenth of the new functionality in the application section is reverse payment reconciliation journal entries.

You can use different number series for payment reconciliation journals. You can also reverse any posting done through the journal.

Enabled for: users, automatically
General Availability: December 2022

If you use the Payment Reconciliation Journal page to register and apply customer payments, you can set up the journal to use a specific number series so that it’s easy to identify the entries that were posted through the journal. You set up the number series in the Bank Account page in the Posting FastTab.

When you use automatic application, Business Central skips bank ledger entries that have already been posted, which helps prevent double-posting.

If you’re also doing bank reconciliation, we’ve added the following to the test report:

• The statement date is added as the most recent date of entries in the journal.
• The statement ending balance is added as the sum of amounts in the journal.
• Outstanding payments and checks are calculated based on the bank ledger entries within the statement ending date that isn’t applied, and therefore won’t be closed during a bank reconciliation.

Similar to other journals, when you correct posted entries you can reverse entries that were posted through the payment reconciliation journal from the G/L Register page. For example, it might be helpful to reverse entries if you applied a payment to the wrong customer. After you unapply the posted customer ledger entries you can use the Reverse Register action on the G/L Register page to reverse the journal that posted the payments. Alternatively, on the Posted General Journals page, you can use the Copy Selected Lines to Journal action to reverse specific lines from the posted payment reconciliation journal.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The thirteenth of the new functionality in the application section is use multiple remit-to addresses for vendors.

Having multiple remit-to addresses for each vendor adds flexibility when paying invoices with checks

Enabled for: users, automatically
General Availability: October 2022

Remit addresses are used when you print checks to pay your vendors. Vendors can have multiple remit-to addresses for payments. For example, a vendor might supply an item from a subsidiary company, but wants to receive payment at their headquarters. Business Central lets you set up multiple mailing addresses for each vendor, making it easy to choose the correct location to send payments to on an invoice-by-invoice basis.

Remit addresses are available on Vendor Card pages and on the Shipping & Payments FastTab on purchase orders and invoices.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2: Use Multiple Remit-to Addresses for Vendors”

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The twelfth of the new functionality in the application section is set up data exchange more easily.

Making it easier to exchange data in specific tables with data from external files.

Enabled for: users, automatically
General Availability: October 2022

You can set up Business Central to exchange data in specific tables with data from external files, such as to send and receive electronic documents, or to import and export bank data or other data, such as payroll, currency exchange rates, and item catalogs. In this release wave, we improve this capability, adding new features and making it easier to work with different types of data.

Among the improvements are the ability to group by a chosen field, use the key index to sort results, and the new transformation types Rounding and Field Lookup.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The eleventh of the new functionality in the application section is new VAT Date field on documents and entries.

Users can report VAT statements and returns based on the new VAT Date instead of the Posting Date to meet requirements by certain countries.

Enabled for: users, automatically
General Availability: October 2022

Some countries require reporting for VAT statements and VAT returns by using a date that’s different than the Posting Date. Sometimes, the date can be Document Date, but even this date can differ from the requirement. For this reason, the new VAT Date exists on all purchase and sales documents, as well as on journals. Before starting, users can set up the default value for VAT Date (Posting Date or Document Date) in the General Ledger Setup, but the date can be changed on individual documents and journals.

When a document is posted, the new VAT Date will be visible in VAT entries and in G/L entries. If necessary, it’s possible to change the VAT Date after posting.

My opinion

I’m surprised to learn that Dynamics BC did not already have a VAT Date field as, in my experience working with customers, the posting date is often not the date they would want to be using the the VAT.