Before work on business central application areas, the default setting must be complete in general ledger setup.
Step-by-step guide
General Tab
1, Use search function to find General Ledger Setup
2, Setup basic information in General Tab
LCY Code - enter the currency code for the company
Bank Account Nos. - assign the number series for Bank Account Card
Show Amounts - Configuration for how user use the amount column in Journal.
- All Amount - select this option if you want to book the journal entry by use Debit Amount and Credit Amount column
- Amount Only - select this option if you want to book the journal entry by use Amount column only and use symbol - / + for represent the debit side and credit side
Dimensions Tab
Setup Global Dimension - Select Actions => Functions => Change Global Dimensions action to assign the Global Dimension
Global Dimensions are available as fields on master record, entries in journals and documents as well used as filters, for example, on reports, batch jobs etc.
Only two global dimensions can be use, so choose dimensions that will use often
Select Short Cut Dimension (if any)
Shortcut Dimensions are available as fields on journal. You can create up to six of these.
(Reference: Dimension)
Important: Changing a global or shortcut dimension requires that all entries posted with the dimension are updated.
To change a global dimension, use the Change Global Dimensions function, but it can be time-consuming and may affect performance and tables may be locked during the update.
Therefore, choose your global and shortcut dimensions carefully so that you do not have to change them later.
Reporting Tab
System defaulted the account schedule 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.
- Use search function to find G/L account categories
- Select Process => Generate Account Scheudle
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.
(Reference: Financial Reports (formerly named "Account Schedule"), Chart of Account)
