Microsoft Dynamics 365 Business Central Self-Help Place

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...

Your financial year has ended. Now Business Central needs to zero the P&L accounts and move the year's profit into retained earnings. It takes three actions, and BC does the maths for you. One of them can't be undone , so do them in this order. Quick answer Accounting Periods : make sure next year exists, then choose Close Year . Search Close Income Statement : enter the year-end date, a journal batch and your retained earnings account, then OK . Open that journal batch, check the lines, and Post . Posted something into the old year later? Post it, then run Close Income Statement again. The whole flow at a glance Year-end close in Business Central ▼ 1. Make sure next year exists Accounting Periods → Create Year (if it isn't there yet) ▼ 2. Close Year Accounting Periods → Close Year (can't be undone) ▼ 3. Close Income Statement BC creates the closing lines in a journal ▼ 4. Review and post the journal P&L accounts zer...

Need your P&L split by department, side by side? You can build it once in Financial Reports (called Account Schedules in older versions) and run it every month. No Excel work, no developer. Quick answer: Create a financial report with a row definition that lists your P&L accounts and a column definition with one column per department. In each column, enter the department code in Department Code Totaling . The field is hidden by default, so add it with Personalize . Global dimensions only. This method works for Global Dimension 1 and 2. You can check yours in General Ledger Setup > Dimensions . Other dimensions need an analysis view, which this post doesn't cover. Step 1: Create the financial report Search for Financial Reports and choose New . Enter a Name and Description , for example PNL DEPT and PNL by Department (Dimension) . Select a Row Definition (for example, your Income Statement) and a Column Definition . To start a new one, create it f...