#msdyn365bc 2023 Release Wave 1 - Review general ledger accounts faster.

Hi Readers,

In this series we are discussing what's new in Business Central 2023 (Wave 1) a.k.a BC22.

This article we will discuss about - Review general ledger accounts faster.

With this series we will understand what's new the product and learn it. 

Hope you like the series, please add comments to article.

#msdyn365bc #2023RW1

Business value: 

During the process of closing a period it's often necessary to go through all transactions for a G/L account to ensure they're correct. The G/L Review action makes the review process faster and easier.

Feature details:

• To speed up the period-end process of reviewing and reconciling G/L accounts, you can review the G/L entries for a given G/L account and mark the entries as Reviewed.

• On the General Ledger Entries page, use the G/L Review action to review the entries. If you're upgrading or have migrated a large number of G/L entries, you can limit the number of entries to review. On the General Ledger Setup page, specify the date from which to show entries in the G/L Reviewed Date field. Entries before that date are considered as already reviewed. If you have a small number of old G/L entries that you don't need to review, you can run the Set old G/L entries to reviewed background job to mark them as reviewed in bulk.

• The G/L Review action doesn't require double-entry bookkeeping to review all entries for a given transaction, which makes it a flexible capability. You can also remove the review setting if you've made a mistake.

Permission:

To use the feature, you must be assigned to the D365 GL REVIEW permission set.

Demo: 

• Open G/L Account Card and Select Review Policy.

• Then Open G/L Entries and Select Review Action.

• Select Entries to Review using select multiple entries.

• Set Selected as Reviewed - Set selected as reviewed updates the fields related to reviews and marks the entry as reviewed, set selected as not reviewed clears these fields.

First Column, suggest user entries are reviewed or not. 

Reviewed By and Date - The User who does review, is set in Reviewed by and date. 

Reviewed Identifier - When one or more entries has been marked as reviewed together, you can see an identifier unique to the entries that were reviewed together.

For other articles related to What's New in Business Central 22, refer here.

Hope you learn and will be able to utilize this feature as Business Central 22 is available.  

Regards,
Saurav Dhyani
www.sauravdhyani.com