If you have been using Business Central, you are probably acquainted with Recurring Journals. But wow, the new options for BD Balance by Dimension and RBD Reverse Balance by Dimension have so many uses! Need to allocate an amount posted to one dimension to many dimensions? Maybe you record professional Read more…
Recurring Journals have features that you may not be using but can be helpful. I just finished two blogs, one on Balance by Dimension and one on Reverse Date Calculation. Let’s review Allocations and Expiration Dates; two features that can be very useful even if used often. A scenario where Read more…
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Ever been told ‘take a minute to do it right the first time’? This old adage keeps you from having to redo things over and over. And exactly what using deferrals in BC can do. Rather than having to remember to post recurring journals for all those prepaid expenses, why Read more…
First thought, is ‘how can a date be abnormal?’ A date is a date, right? Well, the point is that it’s abnormal to have an invoice date on a purchase order before the receipt date of the product. Okay, I realize that for many of us this is not true, Read more…
(Note: Release 2022 Wave 1 will have some date improvements in both Setup and in Transactional processing) Be sure you’ve read the Deferrals Setup and have worked through the steps. As transactions are to be processed. The examples in this blog use purchase transactions but the same functions and features Read more…
First, I tell you that you might have abnormal dates and now I’m saying that your purchase orders can cause an out of balance issue. You’re probably thinking what? How? Let’s think through this flow: PO has quantity and unit cost on each line Purchase Order Receipt – creates an Read more…
The most common reaction I see, when telling someone that your out of balance issue is related to Adjust Cost is, “but I have Automatic Cost Posting turned. and with Automatic Cost Posting, I thought it took care of Adjust Cost and you didn’t have to run manually.” What does Read more…
When someone inquires as to how to reconcile their inventory to the general ledger or someone complains ‘my inventory does not tie to my general ledger’, my first response is a question……What report are you using to do your reconciliation? The majority of the time, the answer is ‘Inventory Valuation.’ Read more…
Inventory posting groups control the balance sheet portion on entries relating to inventory. When inventory posting groups do not ‘line up’ to the desired group of items, it typically points to a change on the item card without an associated change in the general ledger. In more drastic out of Read more…