Set up companies and how to post to the general ledger through general journals. Use features for VAT, recurring journals and background posting of journals. Posting and reporting can be done in one additional reporting currency.

Use built-in reports, customised reports (both RDCL and Word), refreshable data in Excel, and Power BI reports and charts. View and edit the data on most pages using Microsoft Excel.

Use account schedules as a powerful financial reporting tool. Accountants and controllers can include essential business data from the chart of accounts, budgets, cash flow accounts and cost types in financial reports. Use the data to efficiently monitor the health of the business and provide valuable input for business decision-makers. Define row and column layouts and combinations to generate the report you need.

Track business progress using budgets in the general ledger. Use budgets in financial reports, user-defined analysis in account schedules, or in data sent to Power BI for data sharing and analysis. Import budget information to and from Excel for enhanced calculation capabilities when you prepare budgets.

Consolidate companies from the same Business Central tenant and pull data directly into the consolidation company, or use XML files to pull data from other Business Central tenants, databases, or third party business management applications. Use multiple currencies, dimensions, and budgets for the consolidation.

Use unlimited dimensions in transactions in all ledgers for important parts of your business, such as your departments, projects, 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 prioritise the use of default values. Use data from dimensions in reports for filtering, account schedules to analyse your general ledger, and in data sent to Power BI.

Manage accounting for more than one company in a posting process that includes one or more Business Central tenants or databases. Send sales and purchase documents to partner companies and post journals transactions through a mapping to shared charts of accounts and dimensions. Control the document flow through an Inbox/Outbox feature that automates sending and receipt. Use sales and purchase documents with multiple currencies to reconcile intercompany balances.

Predict how your company’s liquidity will evolve over time. Forecast expected cash receipts and disbursements plus available liquid funds. Create basic cash flow forecast setups that you can extend and adjust.

Use an assisted setup guide for help completing 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 let Business Central generate cash flow predictions.

Get insight into costs through the visibility of actual and budgeted costs of operations, departments and projects. Combine base data in general ledger transactions with dimensions with known future costs and define a hierarchy of cost centres and cost objects. Allocate costs using allocation runs with different allocation keys and methods. Analyse general ledger actuals and budgets in user-defined scenarios. Explore the scenarios to gain insight into the business that is not immediately reflected in your chart of accounts.

Track fixed assets such as buildings, machinery, and equipment. Post fixed-asset transactions such as acquisitions, depreciation, write-downs, appreciation, and disposal. Assign one or more depreciation books to define methods and conditions for calculating depreciation. Use depreciation books to meet managerial, internal accounting, and legal reporting requirements. Register maintenance costs, insurance coverage, and cost allocations for assets.

Set up deferral templates that automate the process of deferring revenues and expenses based on a schedule. Recognise
revenues and expenses in periods other than the period in which the transaction is posted.