Hi, Readers.
The public preview for Dynamics 365 Business Central 2024 release wave 1 (BC24) is available. Learn more: Link.
I will continue to test and share some new features that I hope will be helpful.
See VAT date in posting previews:
Business value:
https://learn.microsoft.com/en-us/dynamics365/release-plan/2024wave1/smb/dynamics365-business-central/see-vat-date-posting-previews?wt.mc_id=DX-MVP-5004336
This feature provides better overviews, compliant accounting and reporting, and increased productivity related to VAT details.
Some countries require reporting for VAT statements and VAT returns by using a date that’s different than the Posting Date. Sometimes, the date can be Document Date, but even this date can differ from the requirement. For this reason, the new VAT Date exists on all purchase and sales documents, as well as on journals. The following are some updates to this feature:
- Business Central 2022 wave 2 (BC21) new features: New VAT Date field on documents and entries
- Business Central 2022 wave 2 (BC 21.3) updates: VAT Date – minor improvements
- Business Central 2023 wave 2 (BC23.1): VAT posting in General Ledger setup (Allow VAT Date From and Allow VAT Date To)
With this feature, you can view the VAT Date when you post previews in documents and journals.👏👏👏
When a document is posted, the VAT Date field is visible in VAT entries and in General Ledger Entries.
Now, you can see the VAT Date before you post, when you run the Posting Preview action.
For example, Preview Posting on the Sales Order page:
G/L Entries Preview:
VAT Entries Preview:
Preview Posting on the General Journals page:
Great improvement, give it a try!!!😁
PS: This feature has been available since at least BC23.4
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Hope this will help.
Thanks for reading.
ZHU
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