What the heck is happening? We add new customers to Business Central by typing them in manually. I just got a call from the shipping manager to tell me that I should not be setting the Shipping Time on the customer card. Well, guess what? I am not setting Shipping Time on customer cards. I…
Use WIP to recognize revenue in Business Central when project obligations are met
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…
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…
