Basic/Financial Accounting

The Basic/Financial Accounting package is required for all Business Central implementations and includes the setup of a trading company as well as all essential functions required for general ledger, banking, tax and multi-currency operation. The established company can serve as a template for additional companies (see Multi-Company package).

Includes:

• Additional reporting currency for the general ledger
• Analysis by dimensions
• Automatic updating of exchange rates
• Balance sheet and income statement reports
• Bank account reconciliations
• Bank accounts (imported)
• Bank integration / import of bank statements
• Chart of accounts and related master data (imported)
• Selection of report dimensions and dimension values
• Standard dimensions
• Emailing of documents from Business Central (invoices, order confirmations, quotations, purchase orders, remittance slips)
• Excel integration
• G/L account categories and subcategories (imported)
• Extended text for G/L accounts
• General journal approvals
• General journals (including import of payroll data)
• General ledger budgets
• General ledger / sales ledger / purchase ledger opening balances tool
• Multiple currencies for general ledger, purchase ledger and bank
• Opening ledger import tool
• Outlook integration
• Purchase releases (quote / purchase order / purchase order return / invoice / credit memo)
• Recurring and canceling journals
• Bank account balance revaluation and open sales and purchase ledger entries
• Sales approvals (offer / order / return order / invoice / credit note)
• General standard journals
• Standard VAT reports, VAT returns and HMRC integration
• System Audit Trail
• User accounts, permission groups and permission sets
• User personalization
• User posting control based on data
• Export file for bank payments
• Setup of a single company