If you have been using Business Central, you are probably acquainted with Recurring Journals. I’ve been using them for years, and users always get upset when I tell them that reversing journals are posted one day after the posting date in the journal. So a reversing journal posted 12/31/21 will reverse 1/1/22. The question is always ‘why can’t I specify the reversal date.’ My answer is, or was, that we just didn’t have a way to do it!
Well….that was then and this is now! We have Reverse Date Calculation!!!
A Reverse Date Calculation is very similar to the Due Date Calculation in Payment Terms. You will need to enter an integer and a time character; for example: 10D is 10 Days, 1M is 1 Month
Did you know that you can also set an expiration date on recurring journals? My next blog will show a few additional options for recurring journals.