Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 606 FASB ASC 606 states that an entity shall recognize revenue when (or as) the entity satisfies a performance obligation by transferring a promised good or service (i.e., an asset) to a customer. If you are required to recognize revenue based on this standard, you can do…
Category: Setup and Configuration
Want to send Remittance Advice in BC after bank confirmation?
How to send remittance advice to vendors from Business Central after ACH transactions are successfully recorded by the bank. If you are using EFT to send payments to your vendors, you may also be sending them at the time you select the Export Action from the Bank menu in the payment journal. This can create…
Where are Item Attributes when filtering the Item list?
Problem: You have spent time creating and assigning Item Attributes to your items. Your intent is to make it easier for purchasing and sales to find the correct item based on filtering using these attributes. For example, I want to find all items that are blue chairs with 22-inch width made of leather. I can…
