Microsoft Dynamics Business Central
Finance and Accounting
Microsoft Dynamics Business Central Finance and Accounting Software:
Accelerate financial close, improve forecasting, and get real-time performance metrics while fostering compliance
and security across subsidiaries.
1
General ledger
Set up companies and post to the general ledger
though general journals. Use features for VAT and
sales tax, recurring journals, and background posting
of journals. Microsoft Dynamics Business Central allows Posting and reporting can be done in one
additional reporting currency.
Use built-in reports, customized reports (both RDCL
and Word), and easily refresh data in Microsoft Excel,
and Power BI reports and charts.
View and edit the data in most general ledger pages
using Microsoft Excel.
2
Budgets
Track business progress using budgets in the general
ledger. With Microsoft Dynamics Business Central Use budgets in financial reports, user-defined
analysis in financial reporting, or in data sent to Power
BI for data sharing and analysis.
Interoperability with Microsoft Excel allows you to
import and export data for easier collaboration with
stakeholders and enhanced calculation capabilities
when you prepare budgets.
3
Dimensions
Use unlimited dimensions in transactions in all
ledgers for important parts of your business, such as
departments, projects, sales channel, and geographical
areas. Set up rules for how to combine dimensions and
dimension values Microsoft Dynamics Business Central. Control the use of dimensions and
increase the reliability of output based on dimensions.
Assign default dimensions values to master data such
as general ledger accounts, customers, vendors, fixed
assets, resources, and items. Set up rules to prioritize
the use of default values.
Use data from dimensions in reports for filtering,
financial reporting to analyze your general ledger,
and in data sent to Power BI.
4
Cost accounting
Gain insight into costs through the visibility of actual
and budgeted costs of operations, departments,
products, and projects. Combine base data in general
ledger transactions with dimensions with known
future costs and define a hierarchy of cost centers and
cost objects. Allocate costs using allocation runs with
different allocation keys and methods.
Analyze general ledger actuals and budgets in userdefined
scenarios. Explore the scenarios to gain insight
into the business that are not immediately reflected in
your chart of accounts.
Financials: Multi-site capabilities and Fixed asset management
Financials: Cash management
5
Multiple currencies
Conduct business with customers and vendors in any
number of currencies. Use multiple currencies on
sales and purchase documents, bank transactions, and
payables and receivables payments. Store currency
details for transactions in receivables and payables are
stored in local and foreign currencies. Adjust currency
values in local and foreign currencies for unrealized
gains and losses to keep aging reports correct for
receivables and payables.
6
Deferrals
Set up deferral templates that automate the process of
deferring revenues and expenses based on a schedule.
Recognize revenues and expenses in periods other than
the period in which the transaction is posted.
7
Consolidation
Consolidate companies from the same Business Central
tenant and pull data directly into the consolidation
company. Or use XML files to pull data from other
Business Central tenants, databases, or third-party
business management application. Use multiple
currencies, dimensions, and budgets for consolidations.
8
Intercompany postings
Manage accounting for more than one company in a
posting process that includes one or more Business
Central tenants or databases. Send sales and purchase
documents to partner companies and post journal
transactions through a mapping to shared charts of
accounts and dimensions. Control the document flow
through an Inbox/Outbox feature that automates
sending and receipt. Use sales and purchase documents
with multiple currencies to reconcile intercompany
balances.
9
Fixed assets
Track fixed assets such as buildings, machinery, and
equipment. Post fixed-asset transactions such as
acquisitions, depreciation, write-downs, appreciation,
and disposal. Assign one or more depreciation books
to define methods and conditions for calculating
depreciation. Use depreciation books to meet
managerial, internal accounting, and legal reporting
requirements. Register maintenance costs, insurance
coverage, and cost allocations for assets.
Fixed assets allocation
Use allocation keys to distribute percentages of
fixed asset transactions, such as acquisition cost and
depreciation, to departments or projects.
Fixed assets insurance
Track insurance coverage and annual insurance
premiums for fixed assets and easily determine whether
they are under- or over-insured. Attach assets to one or
more insurance policies and index insurance amounts.
Fixed assets maintenance
Record maintenance and service expenses for fixed
assets. Get detailed information to analyze and make
decisions about fixed asset renewal and disposal.
10
Bank account management
Create, operate, and manage multiple bank accounts for
diverse business needs and different currencies.
11
Cash flow forecast
Predict how your company’s liquidity will evolve
over time. Forecast expected cash receipts and
disbursements plus available liquid funds.
Create basic cash flow forecasts that can be extended
and adjusted. Use an assisted setup guide to complete
tasks and take advantage of automatic daily or weekly
data updates. Include data from jobs and taxes as
sources for the cash flow forecast. Use AI capabilities to
generate cash flow predictions using Business Central
data, including the Late Payment Prediction extension
to anticipate and reduce overdue receivables.
12
Electronic payments and direct debits
Create payment proposals based on vendor documents
and generate bank payment files in standard format. Or
use services provided in third party apps to generate
electronic payment files in the format your bank
requires. Create direct debit collections for a bank direct
debit file.
13
Bank account reconciliation
Import bank statement data from electronic files.
Reconcile bank statement data automatically to open
bank account ledger entries and keep track of all bank
statements.
Filter bank statement information to view only
the transactions that need attention. Summarize
outstanding bank information and drill-down to the
details of each bank transaction.
14
Easy payment process for your customers
Provide efficient payments submissions to your
customers by adding online payment services links to
invoices in Business Central (online version only).
Use the PayPal extension for access to a trustworthy
global payment service that offers multiple ways to
accept payments, including credit card processing and
PayPal accounts.
15
Reconciliation of incoming and outgoing
bank transactions
Apply transactions automatically to open customer and
vendor ledger entries and create your own matching
rules. Review proposed applications and account
matches. Change the algorithm behind the record
matching by modifying, removing, or adding rules.
Reconcile bank payments from the Payment
Reconciliation Journal in one step, and in one place.
16
Online bank connectivity*
Easily and securely connect to banks online to import
transactions for easy reconciliation and bank account
settlement.
Transfer funds online to other bank accounts to pay
your vendors and employees or refund your customers.
*Optional capabilities provided by 3rd party add-ons.