Today, we're going to talk about something super important for your financial reports: row definitions. If you've ever wondered how to make your financial statements more meaningful and accurate, you're in the right place. In this blog we'll walk you through the process of creating and modifying row definitions in Business Central, step by step.What are Row Definitions? In simple terms, row definitions determine what each row on your financial statement will display. This could be anything from revenue and expenses to specific account balances. By defining rows, you can customize your reports to show exactly what you need.How to create Row Definitions in Business CentralRow Definition details, explainedNote: If some of the columns … [Read more...] about All About Row Definitions in Business Central Financial Reports
Understanding Financial Reports in Business Central
Financial reports are crucial for the continued growth and long-term success of any organization. They not only help in internal decision-making but also allow you to meet any external reporting requirements. In this blog, we will explore the four main types of financial reports that exist within Microsoft Dynamics 365 Business Central and provide a step-by-step guide on how to create, view, print, and export these reports.Types of financial reports in Business CentralHow to create Business Central reportsHere’s a step-by-step guide to creating a new financial report in Microsoft’s cloud ERP:How to view, print and export your reportsTo view a report:To print or export the report:Financial reports in Business Central are essential tools … [Read more...] about Understanding Financial Reports in Business Central
How to find meaning behind the numbers with Power BI
Since the dawn of accounting software, financial reports have focused on function over form, generally replicating the look and feel of the paper reporting and ledger books that came before them. The critical components have always been the numbers, and the most direct way to confirm numbers is to look at … a table of numbers. But for me, someone who wants to see the numbers but is not a trained accountant and who wants to truly understand what the numbers mean for the business, a table of values only helps to a degree. The raw numbers give me data, but not insights; I can see balances but not business decisions. Turning data into something that helps drive action and decisions is something that Microsoft Power BI is designed … [Read more...] about How to find meaning behind the numbers with Power BI