Allocation Accounts might be the answer when expenses posted throughout the month need to be allocated across multiple dimension values. The first use that comes to my mind is for distributing overhead expenses to multiple dimensions from the purchase line, for example, insurance, utilities, rent, office supplies, etc. Even if you are using recurring purchase…
Category: Payables and Receivables
BC 23.1 – Four new fields to watch for when updating Business Central in North America!
Users get an error posting sales documents due to changes in Tax Setup and User Setup after updating to Version: US Business Central 23.1 (Platform 23.0.13763.0 + Application 23.1.13431.13546) The Error! “The Tax Date is not within the range of allowed Tax Dates” New Fields Added to User Setup Nestled in among the fields we…
Comparing Dynamics GP to Business Central – Why auditors love Posting Groups in Business Central
Our second post in November on differences between GP and BC from a finance perspective is great for GP users to read, but also great for every current or wannabe accounting, finance or administrative user of Business Central. Very simply put – Posting Groups provide a map from the transaction to the accounts that will…
