Tag: Microsoft Dynamics 365 Business Central 2023 Wave 1

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The third of the new functionality in the Application section is Avoid Document Number Errors When You Post Item Journals.

To avoid or fix errors related to the order of document numbers when you post item journals, you can use the Renumber Document Numbers action before you post.

Enabled for: Users, automatically
Public Preview: Mar 2023
General Availability: Apr 2023

Feature Details

On the Item Journals page, the Document No. field is editable so that you can specify different document numbers for different journal lines, or the same document number for related journal lines.

If a number series is specified in the No. Series field on the item journal batch, document numbers for individual or grouped lines must be in sequential order when you post an item journal. If they aren’t, you can’t post the journal. To avoid problems with posting, you can use the Renumber Document Numbers action on the Item Journals page before you post the journal. If related journal lines were grouped by document number before you used the action, they’ll stay grouped but might be assigned a different document number.

The Renumber Document Numbers action also works on filtered views.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The second 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 is 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: –
General Availability: Apr 2023

Feature Details

You can enable alterations of default customer or vendor posting groups by choosing Allow Alteration of Posting Group on the Sales and Receivable Setup and Service Mgt. Setup pages for customer posting group changes, and the Purchases and Payables Setup page for vendor posting group changes.

On the Customer Posting Groups or Vendor Posting Groups pages, you can specify the posting groups to allow as substitutes by choosing Substitutions. Substitute posting groups can replace the default customer or vendor posting group specified for a customer or vendor.

After you set this up, you can pick among allowed substitute posting groups and change customer or vendor posting groups when posting sales or purchase documents and journals. Changed, non-default, customer or vendor posting groups are copied to posted documents and journals, and payable or receivable G/L entries are posted to the G/L accounts specified for the substitutes.

For example, when you apply an invoice and a payment that are posted with different customer or vendor posting groups, resulting in different G/L accounts, Business Central transfers amounts between the G/L accounts to balance them.

You’ll also be able to run the Suggest Vendor Payments report using a vendor posting group as a criteria for suggesting payments.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The first of the new functionality in the Application section is Adjust Exchange Rates Easily, Replace The Built-In Batch Job.

When companies operate in multiple countries or regions, it’s important that they can do business and run financial reports in more than one currency. Because exchange rates often change, businesses must periodically update the rates in Business Central. This update gives accountants additional control over how they adjust exchange rates. At the same time, partners can now extend and customize the exchange rate adjustment to meet the needs of specific industries or markets.

Enabled for: Users by admins, makers, or analysts
Public Preview: –
General Availability: Apr 2023

Feature Details

You can now preview the effect that an exchange rate adjustment will have on posting before you actually post by choosing the Preview action on the Adjust Exchange Rates report request page. Specify if you want a detailed posting to the general ledger by entry or a summarized posting by currency. Just pick the Summarize Entries field on the Adjust Exchange Rates report. You can also specify how the adjustment will handle dimensions for unrealized gains and losses postings by choosing one of the following options in the Transfer Dimension Values field:

• Source Entry: G/L entries for unrealized gains and losses will have dimensions values transferred from the entry being adjusted.
• By G/L Account: G/L entries for unrealized gains and losses will have dimensions values transferred from the unrealized gains and losses G/L account’s dimension settings source entry.
• No Transfer: G/L entries for unrealized gains and losses won’t have dimensions values.

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2023 Wave 1.

The fourth of the new functionality in the Adapt faster with Microsoft Power Platform section is Support Dynamic Environment And Company In Power Platform Connector.

Building Power Apps or Power Automate flows that are easily portable and work between environments helps partners and consultants use Power Platform when adapting Business Central to the needs of small and medium-sized businesses.

Enabled for: Users, automatically
Public Preview: Apr 2023
General Availability: May 2023

Feature Details

Creators can build Power Apps and Power Automate flows that are more portable between environments or companies. This allows you to build apps and flows that can be packaged in a solution and delivered to customers through Microsoft AppSource marketplace. Admins can choose the environment to which they’ll connect.

This post is part of a series on the new functionality available in Wave 1 of Microsoft Dynamics 365 Business Central 2023. This release is the second with which I will be working since my move to Dynamics BC from Dynamics GP last year.

In this series of posts, I am going to take a look at what is new with Business Central in this release wave. My understanding is the announced new functionality will become available between April and September so not all of it will be available immediately. When posting about some new functionality, I’ll try to indicate where something will be available.

I will also try to include some commentary on the new functionality being introduced.

This series index, below (assuming you’re reading this on azurecurve | Ramblings of an IT Professional), will automatically update as each post in the series goes live, so make sure you bookmark this post so you can see keep up-to-date with this series.

Continue reading “New Functionality In Microsoft Dynamics 365 Business Central 2023 Wave 1: Series Index”