Business Central includes a standard configuration for most financial processes, but you can change it to suit your business needs. Learn more at Setting Up Finance.
The default configuration includes a chart of accounts and standard posting groups, which make the process of assigning default general ledger posting accounts to customers, vendors, and items more efficient.
The following sections describe a sequence of tasks, with links to the articles that describe them.
Take a video tour
This video introduces some of the key capabilities for managing finances.
Get started with finance capabilities
Before you can begin to run your business, you must specify how you want to manage your company's financial processes.
Accounting
This section describes some of the accounting tools that you use to register financial transactions so that they meet your registration, reporting, and managerial finance requirements.
Financial analytics
This section describes analytical tools you can use to get insights into your financial data.
VAT and taxes
Working with VAT in Business Central is easy, and you can either use a manual or an automatic setup. These articles provide information about how to meet your country/region-specific regulations.
Manage receivables and payables
The core of finance is centered around managing receivables and payables, registering transactions, reconciling banks accounts, paying vendors, receiving customer payments, reimbursing employees for expenses, and so on. This section provides links to the core concepts.
| To... |
See |
| Apply incoming payments, reconcile bank accounts during payment application, and collect outstanding balances. |
Managing Receivables |
| Make payments, apply outgoing payments, and work with checks. |
Managing Payables |
| Ask your customers to submit payment before you ship to them, or submit payment to your vendors before they ship to you. |
Invoicing Prepayments |
| Reconcile and transfer funds between bank accounts. |
Reconciling Bank Accounts |
Manage multiple companies
Business Central gives small and mid-sized businesses a business management solution that's easy-to-use and maintain at a low cost of ownership.
Period-end reporting and related tasks
At the end of each accounting period or at the end of the fiscal year, there are a number of administrative tasks to do. For example, you'll probably want to make sure all documents and journals are posted, ensure currency data is up to date, close the books, and so on. The actual tasks will depend your company.
Managerial accounting
As a business manager or controller, it's important that you can prepare and analyze the business data you need to make informed decisions. The articles in the following table help you prepare data. To learn more about analytics, go to Business Intelligence and Reporting Overview.
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Related information
Setting Up Finance
Working with the Sales module
Working with the Purchasing module
Closing Fiscal Periods
Managing Projects
Importing Data from Other Finance Systems
Working with General Journals
Working with Business Central