Configure financials in Business Central

The General Ledger Setup page is where you specify a default setting for the general ledger and other application areas. General ledger setup must be completed for each company that is set up in Business Central.

Do you want to know how to set up the chart of accounts in Business Central? This module will focus on managing the chart of accounts. The Chart of Accounts list provides quick access to G/L accounts and balances, and the budgets feature provides a comparison between actual amounts and budgeted amounts by using a combination of G/L accounts, periods, and dimensions.

Do you want to know what posting groups do and how they're used in Business Central? This module will explain what posting groups are and what they're used for in Dynamics 365 Business Central. Additionally, this module focuses on showing you how to set up posting groups to create links between accounts in the different application areas to the G/L accounts in the General Ledger application area.

With general journals, users can enter data in general ledger accounts and other accounts, such as customer, vendor, and bank accounts. This module will focus on how to set up general journal templates and batches.

If you want to know how to start using foreign currencies in Business Central, follow along with this module, which explains how to create currencies and enter exchange rates.

Cash management in Dynamics 365 Business Central is used to manage a company's bank accounts. Before you can start processing bank transactions, you should first set up cash management by creating bank accounts and journals.

This module discusses how to allocate costs and revenues to multiple accounts. You can create fixed or variable allocation accounts to allocate amounts to general ledger accounts.

If you are responsible for financial reporting, then follow along with this module to learn how to set up dimensions. Dimensions are used to group posted entries for reporting purposes. Dimensions can be used throughout Business Central on entries in journals, documents, and budgets. Additionally, dimensions offer more extensive analysis and reporting functionalities.

If you want to know more about financial reporting in Business Central, then follow along with this module to find out about how to create your own customized reports without needing to develop them.

Do you want to discover what steps to take to close a fiscal year in Business Central? The year-end closing processes in Business Central are the final steps in the fiscal year. This module explains how to create and manage accounting periods and how to close a fiscal year.

Do you want to know how to categorize fixed assets in Business Central? This module explains how you can set up fixed asset classes, subclasses, and locations.

Do you want to find out how to group several fixed assets? This module shows you how to set up main assets and assign other fixed assets as components.

Do you need to set up fixed assets in Business Central? Take this module to learn the details about how to configure depreciation books for assets.

Do you want to post depreciation transactions in Business Central? This module explores the different deprecation methods and explains how to set up the depreciations on a fixed asset card.

Do you want to know how to prepare a budgeted income statement, including details of future asset investments? This module demonstrates how to create budgeted assets and calculate future depreciations and disposals.