The setup of the general ledger is at the core of financial processes because it defines how you post data according to the company policy.
Table of Contents
Before work on business central application areas, the default setting must be complete in general ledger setup.
Step-by-step guide
...
1, Use search function to find General Ledger Setup
2, Setup basic information in . Configuration for the key field in General Ledger Setup
I. General Tab
(1) Allow Positing From / To
(2) Group Ship. Document Date - Allow create Group Shipment with Document Date on or after the date configure in General Ledger Setup.
(3) LCY Code - enter the currency code for the company company.
(4) Bank Account Nos. - assign the number series it will use for Bank Account Card
Click "Show more" to review if any other configuration you want to configure for finance process.
| Info | ||
|---|---|---|
| ||
User can select the option for "Show Amounts" for showing the Amount Columns according to the company's preference. Show Amounts - Configuration for how user use the amount column in Journal.
|
...
|
II. Dimensions Tab
1)Setup Global Dimension - Home=> Change Global Dimensions action to assign the Global Dimension
...
Only two global dimensions can be use, so choose dimensions that will use use often.
2)Select Short Cut Dimension (if any)
Shortcut Dimensions are available as fields on journal. You can create up to six of these.(Reference: Setup Dimension)
3)Dimension Mapping
Map the dimension used in
in. The setup has been done according to System Setup process. User can review the Dimension in the page.
Important: Changing a global or shortcut dimension requires that all entries posted with the dimension are updated.
...
Therefore, choose your global and shortcut dimensions carefully so that you do not have to change them later.
III. Reporting Tab
System defaulted the account schedule "Financial Report" for the standard finance report such as Balance Sheet, Income Statement etc.Please follow the steps below for generate account schedule for your own chart of account.
...
Please note, the system default account schedules are based on the G/L account categories and subcategories. All G/L account must have a correct category and subcategories before generating the account schedule.
3. Select following setup page in Action menu for complete the General Ledger Setup.
IV. Posting - General Posting Setup (Gen. Business Posting Group / Gen. Product Posting Group)
V. GST - GST Posting Setup (GST. Business Posting Group / GST. Product Posting Group0
