From the Microsoft Dynamics 365 Business Central blogs: Financial reports; Tax setup, reporting; Information workers; Approval workflow

In this week’s review of Dynamics 365 Business Central blogs:

• Creating financial reports
• Revamped tax setup and reporting
• BC for information workers: Optimize operations
• Setting up an approval workflow with flexible approvers

Creating financial reports in Dynamics 365 Business Central

On the Encore Business Solutions blog, Abhishek Jain wrote that the financial reports feature in Dynamics 365 Business Central lets users create custom financial statements. 

Jain stated that this tool lets financial analysts and accountants analyze data effectively, providing insights for better decision making.

Jain noted that financial reports are typically used for income statements, cash flows, and balance sheets. He stated that financial reports feature offers several customization options:

• Row definition customization: Set specific rows and columns to meet precise reporting needs.
• Importing from Excel, which is especially useful for large reports with numerous rows.
• Creating from chart of accounts, which may still require some extra steps to align the data with the format of the report.

In his blog post, Jain walked you through the process of creating your own financial reports in D365BC using the financial reports feature.

How Business Central revamp[s] tax setup and reporting

An author from x2x eCommerce writing on the ERP SoftwareBlog stated D365BC has revamped its tax configuration and reporting, making the process easier, more accurate, and visually clear.