Today I would like to talk about the Standard Journals functionality in Business Central.
This is a very handy functionality, when you have created journal lines which you know you are likely to create again later, you can save them as a standard journal before you post the journal. This functionality applies to item journals and general journals.
In this article you will learn how to use recurring journals in Microsoft Dynamics 365 Business Central. You will learn how many recurring journals are available and the possibilities they offer.
Today I would like to talk about a simple customization, how to set default Account type in General Journals in Business Central.
With the release of Business Central Wave 1 2020 new feature added to copy the general journal to posted general journal.
As you aware that whenever you post the journal entry the entries get deleted after posted the transaction. Now whenever accountant need to reverse the entries then they need to enter the same entries again with opposite sign.
The Payment Reconciliation Journal feature in Microsoft Dynamics 365 Business Central is a huge time saver for finance professionals. It enables you to automatically (or manually) import banking data files and auto-match to transactions within Business Central. The Payment Reconciliation Journal feature also provides a match confidence to make the process even smoother.
Recurring Journal: to post regular transactions with minimal or no changes.
The following are some features, conditions or settings for recurring journal.
• Feature for allocating single entry to multiple general ledger accounts when posting based on quantity, fixed rate or allocation percentage
• Reversing journal can also be created using recurring journals such as accrual journals that are reversed in the following month
• Contains special fields for managing recurring entries
• Balancing field not available on journal line
• Journal lines remains after posting
• Not allow future date posting
You may ask what is the difference between “Recurring Journal” and “Standard Journal” in Microsoft Dynamics NAV?
The following table will give you an idea difference between these two journals.