Microsoft Dynamics 365 Business Central Self-Help Place

In short: Business Central has no built-in MFRS 16 lease module, but you still able to record the MFRS16 transaction by using BC standard function. Use the Fixed Asset module for the right-of-use (ROU) asset, a purchase invoice for the monthly rental, and a Recurring General Journal for the monthly interest. The interest amounts come from a simple Excel table, shown below. The scenario Say the entity leases a Durian Peeler machine from a supplier: Machine value: RM10,000 Lease term: 4 years (48 months) , 1 Jan 2026 to 31 Dec 2029 Rental paid at the end of every month Interest rate: 3% per year (illustrative only; in real life your Finance team sets this rate) Monthly rental that makes the lease worth exactly RM10,000 at 3%: RM221.34 . Total rental over 4 years: 221.34 × 48 = RM10,624.32 . The extra RM624.32 is the interest. The 60-second theory Under MFRS 16, a lease is treated like borrowing money to buy the right to use the machine : ROU asset (RM10,000):...

The auditor asks for the debtors aging. You print it, and the total doesn't match trade receivables on the trial balance. Now you have to explain the difference. Most of the time it isn't a real difference: the two reports were run differently. When it is real, it's almost always the same thing: someone posted straight to the control account. Here's how to check, find it and stop it happening again. AR and AP work exactly the same way. Quick answer Run the Trial Balance and Aged Accounts Receivable for the same date, with Aging by = Posting Date . The Balance of all your receivables control accounts should equal the aged report's Total (LCY) . Still different? Run Reconcile Customer and Vendor Accounts . The Difference column shows which account is off. Open General Ledger Entries for that account and filter Source Type = blank. Those entries were posted straight to the account, without a customer. Turn off Direct Posting on every receivables and ...

You search Business Central for SST or GST and find nothing. Everything says VAT . That's because Business Central uses one tax engine for every country, and it calls it VAT. Malaysian SST and Singapore GST are set up in the same place. Wherever you see VAT, read SST or GST. Quick answer VAT Product Posting Groups: one for each country's tax, for example SST and GST . VAT Business Posting Groups: one for each tax code, for example SVC-8 , SR-9 , TX-9 . VAT Posting Setup: one line for each combination, with the rate and the tax accounts. Put the codes on your customers, vendors, items and G/L accounts. BC then calculates the tax on every document. To find posted tax for your return, open VAT Entries and filter by code and VAT Date . How BC finds the tax rate Customer or vendor card VAT Bus. Posting Group SVC-6 G/L account or item VAT Prod. Posting Group SST ▼ VAT Posting Setup the line fo...

The forwarder's sea freight bill arrives three weeks after the goods. So it gets posted straight to Freight Expense. Now the items in your warehouse look cheaper than they really are, and every sale of them shows a bigger margin than you actually made. Business Central can add that freight to the cost of the goods you already received, using an Item Charge . No change to the receipt, no journal. Quick answer One time only: create the item charge in Item Charges (for example P-FREIGHT). Create a purchase invoice for the forwarder. Add a line with Type = Charge (Item) and the freight amount. On that line, open Item Charge Assignment → Get Receipt Lines and pick the posted receipts the freight belongs to. Choose Suggest Item Charge Assignment → By Amount → OK , then post the invoice. BC adds the freight to the cost of those received items. No journal needed. Before and after Before: freight as an expense ▼ Freight bi...