Cash Discounts on Customer Payments using Deposits
An inquiry we received from our clients is how to handle Customer discounts while receiving payments from the Customer in Dynamics 365 Business Central (BC). The following scenario will walk you through the process. Let’s say, “Sale Invoice” created for a Customer for $450. The payment term is 1 month. The cash discount condition is […]
Step by Step Production Costing Guide for Business Central
The steps below explain the effect of costing and the general ledger (G/L) account update during the production process in Dynamics 365 Business Central. For this specific walkthrough, please find below the G/L Account that will be used: Step 1: Inventory Posting Setup: Step 2: After Consumption of Raw Material: WIP Account is Debited (increase) […]
Close a Partially Received Purchase Order with a Prepayment
Bond Consulting Services (BCS) was recently approached by a leading wholesale client to provide support on how to close a partially received Purchase Order that has a Prepayment in Dynamics 365 Business Central. Business Central offers a simple solution when closing a Purchase Order, even if it has been partially received and has a Prepayment. […]
Issuing Customer Refunds & Credit Memos
Bond Consulting Services (BCS) was recently approached by a leading provider of hardware maintenance and repair services to simplify their refund and rebate processes for clients within their Dynamics 365 Business Central instance. The company issues many refunds to customers on a monthly basis and desired a system for easily issuing refunds to customers rather […]
Add Landed Cost to Items Received from a Third-Party Freight Vendor
By: Carlos Lozano – Dynamics Business Central Lead Consultant To apply landed cost to orders when the freight vendor is not the Vendor of the goods, follow this procedure: 1. Create and post the purchase order for the good’s Vendor without including Freight charges. Take note of the Purchase Receipt No. 2. To add the […]
Outsourcing in the Assembly Process
By: ANDI (Seetharaman A. Rajaram) – Senior Consultant Please find the steps to guide you through the process of handling outsourcing as a part of the Assembly Process. Step 1: Parent Item: Create an Assembly Bill of Material (BOM) for the final product/Finish Good For example: (Part no/Part name: 10000-RS/ Flower Assembly) Child Items: Flower […]
Stockkeeping Unit
By: ANDI (Seetharaman A. Rajaram) – Senior Consultant In Dynamics 365 Business Central, Stockkeeping Units (SKU), are a supplement to item cards. The Stockkeeping units are used to setup a location-wise dedicated setup/configuration for an Item such as replenishment, planning, and others. Why do we need SKU? Well when we have an Item (say Computer […]
Assembly Order Process
By: ANDI (Seetharaman Andiappan Rajaram) – Senior Consultant Assembly Management: An assembly item is defined as a sellable item that contains an assembly BOM (Bill Of Material). Assembly items are used by companies that supply products to their customers by combining components in simple processes without using full manufacturing functionality. Business Central includes features to […]
Vendor Payment Reversal
By: Lupe Haro – Microsoft Dynamics ERP Consultant There are instances when a payment issued to a vendor needs to be reversed or canceled. Depending on how the payment was initially issued you can find the steps below on how to reverse it. Option 1: Reversal of Check Payment If a payment was entered as […]
Posted Sales Invoice Correction Options
By: Lupe Haro – Microsoft Dynamics ERP Consultant In Business Central, once transactions are posted you are no longer able to make changes on the specific transaction. If a transaction is posted incorrectly and changes need to be made, the following guide will walk you through the available options for the posted sales invoices. 1. […]
