Hi to all,
The Microsoft product team has introduced a feature to manage multiple posting groups in customer and vendor ledger entries, as part of its efforts to improve financial processes.
However, the accounting statements currently available in Business Central do not include multiple posting groups feature in their calculations, but only those defined by default on customer and vendor accounts.
This results in false balances, which are not accepted by the statutory auditors.
As a result, I'm asking the product team to implement accounting editions that take multiple posting groups into account, so as not to put our customers in difficulty during the audit phases.
And I suggest that the customer and partner community vote in favor of this idea, because the interests of our customers are a priority.
BR
Comments
It would be good to have the ability to filter on the Posting Group at the transaction level on the AR and AP Reports, not just the Vendor/Customer Level. A Vendor/Customer may have transactions based on transaction that post do different Posting Groups. Without this option there is not the means to reconcile your aging report for example to each GL Account.
Category: Financial Management
Can you provide more detail? How do the accounting statements currently available in Business Central include posting groups? What is it specifically the auditors are looking for that you can't provide?
Category: Financial Management
For Additional information related to the feature:Use different general ledger accounts for payables, receivables | Microsoft Learn
Category: Financial Management
Business Central Team (administrator)
Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future. Best regards, Business Central Team