We are often asked how Microsoft Dynamics 365 Business Central calculates the Unit Cost of an item. The Unit Cost is the cost of one item in inventory. This number is critical for calculating the value of all items in inventory, establishing pricing, and determining profitability. Calculating the Unit Cost includes the price paid to… Continue reading How Business Central Calculates the Unit Cost on the Item Card
Category: How To
Calculate Average Cost in Microsoft Dynamics 365 Business Central
Sometimes, our customers want to know how Business Central calculates an item’s average cost. We provide a simple example to illustrate how this calculation is applied to inventory. Microsoft explains how it calculates Average Cost as follows: The calculated average cost is then applied to the inventory decreases for the item (or item, location, and… Continue reading Calculate Average Cost in Microsoft Dynamics 365 Business Central
How to Initialize Production WIP for a New Business Central Implementation
A common issue when getting a client ready to go live in Business Central is Production Work in Progress (WIP). Normally, we ask the client to complete all in-process Production Orders because it can be difficult to account for open transactions. The process below describes a proven method for setting initial WIP balances on Released… Continue reading How to Initialize Production WIP for a New Business Central Implementation
Introduction to Power Automate Flows in Business Central
Are you looking to streamline your business processes and enhance productivity? Look no further! This video tutorial dives into the world of Power Automate Flows in Business Central. This comprehensive guide will walk you through the essentials of Power Automate, a powerful Microsoft solution that automates tasks with native integration with Business Central. Whether you’re… Continue reading Introduction to Power Automate Flows in Business Central
Using Specific Costing and Serial Number Tracking in Business Central
In an earlier blog, we discussed the various costing methods available in Dynamics 365 Business Central – FIFO, LIFO, Average, Standard, and Specific. Some clients have expressed confusion over when to use Specific costing and how that method relates to Serial Number Tracking in Business Central. Specific costing values each inventory item with the cost… Continue reading Using Specific Costing and Serial Number Tracking in Business Central
Microsoft Dynamics 365 Business Central Reporting Options
Reporting in ERP systems has changed as Microsoft has reimagined how users interact with data. In Business Central, we are no longer constrained by traditional reporting: write the report, print, and then review. Now, you can review the data you need on your screen and drill into the data on the fly, allowing for faster… Continue reading Microsoft Dynamics 365 Business Central Reporting Options
Activating Copilot in Microsoft Dynamics 365 Business Central
The world of business is constantly evolving and so are the tools that help you navigate it. One such tool is Copilot, a feature designed to enhance your experience with Microsoft Dynamics 365 Business Central. This video will guide you through activating Copilot within Business Central. This is particularly important for users outside of the… Continue reading Activating Copilot in Microsoft Dynamics 365 Business Central
Microsoft Business Central 2024 Wave 1 New Features
Here are some exciting new features in Business Central 2024 Wave 1! 1. Define a service invoice posting policy for various users Use posting policies in User Setup to define what functions users are allowed to do in Service Management. The options are Allowed (Ship, Invoice, Ship and Invoice), Prohibited (Ship only), Mandatory (Ship and… Continue reading Microsoft Business Central 2024 Wave 1 New Features
How to Use the Business Central Warehouse Physical Inventory Journal
Managing inventory efficiently is crucial for any business. Accurate inventory tracking ensures smooth operations and financial stability. In this blog post, we’ll explore how to use the Physical Inventory Journal feature in Microsoft Dynamics 365 Business Central to maintain precise inventory records. This quick video will show you how to use the journal, capture discrepancies, and register physical inventory… Continue reading How to Use the Business Central Warehouse Physical Inventory Journal
How To Use D365 Business Central Warehouse Item Journals
If your company aims to streamline warehouse operations, Advanced WMS in Microsoft Dynamics 365 Business Central is your key. This video delves into the essentials of Warehouse Item Journals and how to use them in Business Central. Warehouse Item Journals can be by Location and require having Directed Picks and Put-Aways turned on. It also… Continue reading How To Use D365 Business Central Warehouse Item Journals