Tag: Microsoft Dynamics 365 Business Central 2023 Wave 2

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 Country and regional section is intercompany posting cues to the Accountant Role Center – Czechia.

Adding intercompany posting cues to the Accountant CZ Role Center helps users get a better overview of intercompany transactions.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

Intercompany posting lets you manage accounting activities for a group of companies. With this feature, Microsoft have added new Role Center cues to the Accountant CZ profile to provide a better overview of incoming and outgoing intercompany transactions in Czech localization.

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 fifth of the new functionality in the Country and regional section is Iceland localization app – delocalization.

The localized version for Iceland is delivered as an extension.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

The localized version for Iceland is now an extension. The solution offers a data upgrade so that it’s easy to move from the previous localization to the new extension. This release is a step toward delocalization so that ISVs can release their apps for a broader market.

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 fourth of the new functionality in the Country and regional section is e-submission of VAT return in Denmark.

Danish companies can use e-submission of VAT return as required by the new Danish Bookkeeping Act.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

E-submission of VAT return is a mandatory requirement of the new Danish Bookkeeping Act. This process will be enabled in the Danish localization for Dynamics 365 Business Central with additional automation of the VAT return process.

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 third of the new functionality in the Country and regional section is direct transfer – Czechia.

Posting direct transfers is in accordance with the Czech accounting rules and provides a report for the posted direct transfer document.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

Czech posting rules require that location transfers be posted with the defined Inventory Adjustment Account, which is different from other item journal postings. In the Transfer Orders functionality, fields for General Business Posting Groups, Ship, and Receive are added. Use this feature to post different transfer orders with different General Posting Setup, which is different from posting in an item journal.
In the Transfer Route, fields for General Business Posting Groups, Ship, and Receive are added. This setup is automatically copied to the transfer order based on the used transfer route. These General Business Posting Groups are also used for direct transfers.

A printout report for Posted Direct Transfer is also available with this feature.

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 second of the new functionality in the Country and regional section is advance payment and a posting preview of tax documents – Czechia.

You can verify that tax documents are posted in the Czech Advance Payments functionality.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

The advance payments functionality allows you to receive advance invoices from suppliers, issue advance invoices to customers, make advance payments, including payments subject to VAT, and draw down advance payments on receipts. The functionality also provides tax documents that are required by legislation and outputs for financial statements and VAT reports. This new feature provides a posting preview of tax documents for advance payment.

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 first of the new functionality in the Country and regional section is new design for report Language and Region settings.

Microsoft have simplified language and regional settings, and you can change them to suit your needs for each specific report.

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

Feature Details

The Format Region feature in Business Central introduces simplified language and regional settings that provide flexibility for users. This feature addresses existing design flaws:

• The inability to customize formats for individual reports.
• The lack of support for setting the same format as the report language on Customer/Vendor cards.
• The dependency of report language and format on My Settings.

To address these design flaws, the Format Region feature introduces the following changes:

• The Region (Format) setting is available on the Customer Card and Vendor Card pages. The Language setting was already available.
• Both the Language and Format settings are available on report request pages.

The behavior and order of priority that determine the report output language and format are defined as follows (in order of importance):

1. Language and Format from the request page.
2. Language and Format defined on the document. These come from the customer or vendor settings.
3. Language and Format defined on the Report AL object.
4. Language and Format defined in My Settings.

My Opinion

Microsoft have never done a very good job with language and region support. I am too jaded on Microsoft in this area to be hopeful, but I could be surprised and this be a useful enhancement.

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 second of the new functionality in the Copilot and AI innovation section is get marketing text suggestions with Copilot.

Save time and effort when bringing new products to market.

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

Feature Details

Business Central’s first copilot feature, marketing text suggestions, moves from public preview to being generally available.

This wave includes:

• Various quality improvements that address customer feedback.
• Support for more languages beyond English.
• Use of marketing text on the Price List report.
• Improved discoverability from within the web client.
• Improvements to content moderation.

My Opinion

As with the previous feature on bank reconciliation with Copilot, it will be interesting to see how good it actually is. I’ve spent a little time investigating Chat GPT and have been distinctly unimpressed with how it performs, so am perhaps a little jaded when it comes to boasts about AI.

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 first of the new functionality in the Copilot and AI innovation section is complete bank account reconciliation faster with Copilot.

Bookkeepers in SMB organizations need to import bank statements and reconcile transactions with their bank ledger entries, making sure customer payments, refunds, and purchases are all accounted for. While Business Central already reduces effort through automated transaction matching, the residual work to process the unmatched transactions every week remains cumbersome and quickly accrues to lost workdays. Copilot reduces bookkeeping effort through improved transaction matching and natural language explanation of any proposed matches.

Enabled for: Users by admins, makers, or analysts
Public Preview: Oct 2023
General Availability: Jan 1900

Feature Details

The bank account reconciliation feature in Business Central has been enhanced with:

• AI-powered transaction matching that further improves automation and reduces the remaining unmatched transactions that require human oversight.
• AI-generated explanations for how remaining transactions could be matched, making it easier for bookkeepers to complete the account reconciliation task by simply reviewing and approving matches.

My Opinion

There was an announcement about Copilot in Business Central a while ago, but I’ve not seen any further details. This may be the first feature to use it? It will be interesting to see how useful an accurate it is in reconciling transactions.

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 fourteenth of the new functionality in the Application section is use General Ledger Allocations to distribute costs and revenue more efficiently.

To make data entry efficient and reduce errors for recurring types of posting, you can use allocations to predefine how to distribute revenue for transactions or cost amounts across G/L accounts and dimensions. You can use allocation keys on document and document lines, and in most journals.

Enabled for: Users, automatically
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

You can use customized allocation keys to automate the distribution of revenue or cost transactions in journals, sales documents, or purchase documents. Allocation keys can trigger automatic G/L entry postings and allocations across different accounts and dimensions.

For example, allocation keys can automate postings related to payroll overhead. When posting total salary expenses at the end of the month, you can use automatic account codes to assign a percentage of the total salary to automatically post as overhead expenses. Or, you can use headcount per department to distribute the cost to the department-related dimension.

You can define your allocation keys based on:

• Fixed amounts.
• Variable amounts (balance, net change).
• Statistical accounts (non-financial quantities you track through the Statistical Accounts feature).

My Opinion

I’ve worked with another system in the past that had allocation accounts and the fixed ones were very useful. There variable one was used very little, but in combination with statistical accounts could be useful for splitting costs. For example, splitting based on headcount or number of virtual servers.

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 thirteenth of the new functionality in the Application section is use directed pick and put-away suggestions in basic warehouse configurations.

Microsoft are enabling a capability for basic warehouse configurations that was previously available only when a location is configured to use directed put-away and pick, which is an advanced configuration. Business Central suggests the most appropriate bin for items at any given time based on the put-away template that you’ve set up for the warehouse, the way you rank your bins, and the minimum and maximum quantities that you specify for fixed bins.

Enabled for: Users by admins, makers, or analysts
Public Preview: Sep 2023
General Availability: Oct 2023

Feature Details

Put-away template

You can set up put-away templates to control how you put away items in your warehouses. Put-away templates are especially useful when items or stockkeeping units have special storage requirements, such as volume, class, or bins that contain the same items.

Business Central finds a bin that meets the requirements for put-away that you’ve set up for the warehouse, item, or stockkeeping unit. If it can’t find a bin that meets these requirements, it looks for a bin that meets the requirements of the second line, and so on. If several bins match the put-away template criteria, Business Central uses the bin with the highest ranking. If both the put-away template criteria and the bin ranking are the same for more than one bin, Business Central suggests the bin with the highest bin code.

Bin ranking

Business Central will suggest a pick from the bin with the highest ranking. Items in the highest-ranking bins are picked first.

My Opinion

I’m not sure about this one, just on the basis that the current way of things makes sense with needing to configure certain settings for directed put-away and picks to work; I need to see some detail around how this feature is to work and if there is a way to disable if it isn’t wanted.