How-to Adjust 1099s in Business Central
When processing IRS 1099 forms, we often find adjustments to 1099 amounts are required. Transaction level adjustments may be required because: A portion of the invoice is not a 1099 event (i.e. reimbursable expense.) Transactions were processed before the 1099 information was set on the vendor card. Transactions are coded to the wrong IRS 1099 […]
How to Reverse an Invoiced Purchase Receipt
The Undo Receipt option is no longer possible when a Receipt has been invoiced. The correction might involve reopening the Posted Purchase Invoice, creating a Purchase Return Order, and recreating the Purchase Order. Reopen the Purchase Invoice if a payment has been made: Search “Vendor Ledger Entries” and filter by the Vendor No. and Document […]
How-To Track Expired Orders Using the Incoming Delivery Dashboard
NuBeTech’s free tool, Incoming Delivery Dashboard, is useful for those wanting complete visibility on incoming deliveries. This free add-on for Dynamics 365 Business Central manages incoming deliveries for your purchases, including on Purchase Orders, Quotes, Invoices, Credit Memos, Blanket Orders, and Return Orders. By daily accessing Incoming Delivery Dashboard, you can easily recognize which lines […]
How-To Report on Business Central Dimensions Using Power BI
Dimensions are important reporting tools in Dynamics 365 Business Central. With Dimensions in place, you won’t have to set up separate accounts within the General Ledger for important areas of the business such as customer groups and departments. Instead of tracking customer groups and departments as General Ledger accounts, you can track them simply as […]
How-To Setup Sales and Inventory Forecasting in Business Central
Microsoft has provided an extension on Sales and Inventory Forecast using Azure AI. Azure AI is already connected to Business Central. This app is pre-installed in the Business Central cloud version. But it needs to be setup and configured. Once it is setup and configured, it will help us future forecast of the Inventory based […]
How-To Use Multiple Currencies in Business Central
If you buy, sell, or record transactions using different currencies, then you must set up each currency that you use. The initial setup for multicurrency is complete by using the Currency Card and Currency Exchange Rates pages. Currencies: Open a currency card in the Currencies list. In the General tab, you will find general information […]
Where Can I See Posted Documents
In Business Central once transactions are posted, the historical transactions will be available for review under the ledger entries. In this blog, we will walkthrough the customer ledger entries page and the available options/processes within that page. Accessing the Customer Ledger Entries Customer Ledger entries can be accessed through two options noted below. Option 1: […]
How-To Depreciate Fixed Assets in Business Central
Once the fixed assets have been setup in Business Central, users will need to be able to process depreciation. Depreciation is used to allocate the cost of fixed assets, such as machinery and equipment, over their depreciable life. For each fixed asset, you must make sure that the following is setup/defined. Each asset is setup […]
How Do I Change the Value of a Fixed Asset
If you have the need to change the value of an asset that was already put into service, you can change the value of the asset by following the steps below: As usual, we suggest having a SQL Server database backup of the company database on which you will be working; have a DBA or […]
How can I Defer Revenue and Expenses in Business Central?
Business Central has built in capability to track deferred revenues and expenses, eliminating the need to evaluate deferrals by hand and automatically spreading the expenses/revenues across multiple periods. This is especially useful if you have an annual fee for something that you don’t want to recognize at the time you pay for the entire year. […]
