Accelerate financial close, improve forecasting, and get real-time performance metrics while fostering compliance and security across subsidiaries.
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. 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.
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. 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, account schedules to analyze your general ledger, and in data sent to Power BI.
Import budget information to and from Microsoft Excel for enhanced calculation capabilities when you prepare budgets.
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.
Fixed assets allocation
Fixed assets insurance
Fixed assets maintenance
Bank account management
Create, operate, and manage multiple bank accounts for diverse business needs and different currencies.
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 Azure ML capabilities to generate cash flow predictions using Business Central data.
Reconciliation of incoming And outgoing bank transactions
Import bank transaction data from electronic files sent from your bank in ISO20022/SEPA format or other file types. 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.
Bank account reconciliation
Import bank statement data from electronic files sent from you bank in ISO20022/SEPA format or other file types. 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.
Electronic payments and direct debits
Create payment proposals based on vendor documents and generate bank payment files in ISO20022/SEPA format. Or use the AMC Banking Service to generate electronic payment files in the format your bank requires. Create direct debit collections for a bank direct debit file in ISO20022/SEPA format.
Print checks as automated electronic checks or to write them manual, both with flexible options for voiding, reprinting, using check forms with preprinted stubs, and testing before printing. Consolidate payments to a vendor in a single check.
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.