Cameron Starling Finance Director

Currently there is not automatic way to reverse a posted sales credit memo. Instead you have to create an invoice and use the copy functionality.

Unfortunately if you have FIFO accounting switched on the resulting GL entry is very likely to differ to the original GL entry created by the original Sales Cr. Memo. this is because the FIFO cost point has moved.

Resulting in a different GL posting on the suggested method for a reversal.

Suggestion: provide Sales Cr.Memo reversal functionality which replicates the original GL entry but with the opposite sign.

Thanks for listening

Currently when viewing the G/L balances within the COA there are numerous column fields available including document number such as sales invoice numbers or purchase invoice numbers. But there is no customer name or vendor name.

Suggestion - when there is a clear source document with an attributable customer or vendor name - enable the display of this in the G/L without having to drill down further.

Thanks for listening

Add Vendor Invoice Date field to the Vendor Ledger Entry Page (29)

This will enable AP to cross check invoice details more easily and check invoice dates without having to drill down further

Thanks

Cameron

Payment discount functionality enables Sales invoices which are settled where payment settlement discount applies to recover attributable VAT. Unfortunately when this functionality is enabled in Dynamics BC 365, the posting also recovers VAT on any residual balance that is written off to payment tolerance accounts. This is non UK VAT compliant. Significant risk that users will inadvertently switch on the Adjust for payment discount functionality (which is excellent and a must have) and then also recover VAT on payment tolerances where no VAT should be recovered.

Microsoft need to ensure VAT in recovered on payment discounts through automatic functionality, but ensure VAT is not recovered on payment tolerances automatically and that the default for non payment discount is 100% to tolerance posting accounts.

Suggesting that UK users turn off the functionality and deal with settlement payment and tolerances manually would be very inefficient and a significant backwards step.

The issue needs to be resolved to account for both elements in an HMRC compliant process