Let’s proclaim the Accountant’s decree by speaketh the following: Microsoft Dynamics 365 Business Central 10 Commandments of Financial Setups
1. Thou Shalt always use Totaling accounts when setting up the Chart of Accounts.
- This simplifies financial reporting, inquiries, online analysis, and other benefits.
2. Thou Shalt never incorporate departmental or other sub-segments within the Chart of Accounts. Use Dimensions.
- For example, there should only be 1 “Telephone Expense” account…