Business Central Release 2021 Wave 1

Business Central 18 / 2021 Release Wave 1

Microsoft will release the latest version of Business Central in April 2021. With a wide range of new features, capabilities and improvements, most of the changes sit outside of the core application itself and may be invisible to many functional users. Expanding integration with Microsoft Teams, availability in more regions, and enhancements to Visual Studio Code and the modern development tools and other improvements to developer productivity are amongst some of the key changes.

That being said, there are some enhancements that will please the functional users and I’ve listed a few key features below.

Feature 1 - Bank reconciliation improvements

From the Bank Acc. Reconciliation page you can cancel a bank reconciliation that was posted with mistakes, and then from the Bank Statements page you can run a new bank reconciliation report. You can also change the statement number for the bank reconciliation in case you want to redo an undone bank statement using the same number. The Undo functionality is available on the standard Bank Reconciliation page. 

For bank statements, you now have a report that shows the reconciliated entries.

Feature 2 - Dimension corrections (for G/L Entries)

On the General Ledger Entries page, the Correct Dimensions action lets you correct dimensions on posted entries by editing the dimension value, adding new dimensions, or removing them. Administrators can also lock dimensions for corrections, specify that corrections must respect closed accounting periods, and view a change log for a given G/L entry in order to revert the entry to its original value.

Feature 3 - More control over settings for Default Dimensions

Instead of allowing users to pick just any dimension value, when the dimension Value Posting is set to Code Mandatory, using Allowed Dimension Values in the Default Dimensions page, users can now pick from a predefined list of allowed dimension values that controlling, finance, or accounting departments choose as valid for particular master data, documents, or transaction posting in Business Central.

Feature 4 - Payment reconciliation journal

The payment reconciliation journal will support applications against employee ledger entries, have preview posting enabled, separate number series, and user-defined document numbers. It will now be possible to select multiple lines to transfer differences to a journal.

 

About the author

Grant Schultz is the founder of Priority One Solutions, a boutique consultancy that focuses exclusively on solutions for mid-sized organisations built around Dynamics 365 Business Central and the Microsoft 365/Power Platform suite of applications.

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