Overview Since v27 of Dynamics 365 Business Central, Microsoft has introduced a new way of creating and processing 1099s for your vendors. There are basically 3 screens that you have to go to: IRS Reporting Periods – Define and Update the vendor data IRS 1099 Form Documents – Creates the documents for filing IRS 1099Read more
Category Archives: finance
It’s that time of the year again. Close out the year! Most companies align their fiscal year to the calendar year so right around this time, we usually get a ton of support calls from people that forgot how to close the year end and need a quick refresher. So I made a quick 2Read more
Overview If you’ve ever tried to keep your California sales tax tables up to date in Dynamics 365 Business Central, you know what a nightmare it can be. California changes district rates all the time. The rules around destination-based tax are complicated. And if you ship from your facility to customers within California, one smallRead more
Overview The progress payment functionality allows you to post multiple deposits against a sales or purchase order. The amount of the deposit payment can be any amount you want instead of a percentage. When the invoices are posted, you can choose whatever dollar amount to be applied to each posting of the order. This meansRead more
Overview Been wanting to record a video on this for a while. Account Schedules remains one of the most powerful, but least used tools in Dynamics 365 Business Central (or Dynamics NAV). Coming from other smaller accounting software where the income statement and balance sheet is predefined, Business Central does require a little bit ofRead more
Overview Since our last video, Microsoft has updated the Account Schedule to be called Financial Reports in Dynamics 365 Business Central. In addition, they’ve made minor changes to how the Row definitions and the Column definitions are defined. Here’s the updated video on how to create your financial statements using the Financial Reports (formerly AccountRead more