Dynamics 365 Business Central Wave 2, 2022

Microsoft has released a series of new updates as part of the Dynamics 365 Business Central Wave 2 2022 release. Let’s take a look at some of the highlights from the final 2022 Business Central Update that provide some exciting improvements to the platform.

Account schedules are now financial reporting

Financial Reporting replaces Account Schedules
Find posted and non-posted document lines in search
Make entry of variant codes required
Use multiple remit-to addresses for vendors

Account schedules are now financial reporting

Account schedules have been renamed to financial reporting, the objects that have been known as account schedules will now be called Row Definitions, for which you can still define a default column layout and an analysis view. Column layouts become Column Definitions. For both row and column definitions, you can edit the definitions separately from the financial reports. You can now copy column definitions , making it easier to make variants of the column definition.

Find posted and unposted document lines

Previously only header records were available in views such as sales and purchase invoices, line level pages have now been exposed. Pages with document lines are often used for specific analysis. Now you can be more productive by finding them through the in-product search field and bookmark links to the documents on your home page for easy access to the original or a filtered view.

Posted documents:

Posted Purchase Invoice Lines (page 529)
Posted Purchase Receipt Lines (page 528)
Posted Purchase Cr. Memo Lines (page 530)
Posted Sales Invoice Lines (page 526)
Posted Sales Shipment Lines (page 525)
Posted Sales Credit Memo Lines (page 527)

Open documents:

Purchase Lines (page 518)
Sales Lines (page 516)

You can bookmark pages from the search results to add them to your home page and you can add one or more views with predefined filters and sorting.

Make entry of variant codes required

Avoid mistakes in data entry when dealing with items that have variants. Previously if an item had a variant the user wasn’t prompted when entering transactions for an item with variants assigned to pick a variant code.

Item variants are a great way to keep your list of items under control, especially if you have a large number of items that are almost identical and vary only in color, for example. Rather than setting up each variant as a separate item, you can set up one item and then specify the various colors as variants of the item. W

With this release wave, admins can require that users specify the variant in documents and journals for items that have variants.

Use multiple remit-to addresses for vendors

Vendors can have multiple remit-to addresses for payments. Having multiple remit-to addresses for each vendor adds flexibility when paying invoices with checks.

Remit addresses are used when you print checks to pay your vendors. Vendors can have multiple remit-to addresses for payments. For example, a vendor might supply an item from a subsidiary company, but wants to receive payment at their headquarters. Business Central lets you set up multiple mailing addresses for each vendor, making it easy to choose the correct location to send payments to on an invoice-by-invoice basis.

Remit addresses are available on Vendor Card pages and on the Shipping & Payments FastTab on purchase orders and invoices.

When you create payment journal lines using the Pay Vendor or Create Payment actions on the Vendors list page or Vendor Card page, or the Apply Entries action on a payment journal, Business Central will use the remit-to code on the vendor ledger entry. You can overwrite this value.

Microsoft Dynamics Business Central is the future of accounting from Microsoft. Whether you are a fresh endeavor or a time-tested business they have you covered. If you would like more information on the 2022 Business Central update or how you can make the switch, please head over to our Microsoft Dynamics Business Central Information Hub to see all of the functionality, pricing, and packages we provide to get you up and running. If you have any questions you can always give us a call at 855.913.3228 or send us an email at info@altavistatech.com and someone will reach out to you within 1 business day.