A dialogue overheard BC Consultant: I don’t see US accountants needing this. Microsoft Principle Program Manager: You mean they have no use for intelligent document management, data capture and journal/purch. doc creation with accounting guidelines? We are in a time where we need to challenge the way we perform core jobs. Don’t think about the…
Where is that field value coming from adding new customers?
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…
