Dynamics 365 Business Central and NAV: What’s Next?

With Dynamics 365 2022 Release, Microsoft has made several enhancements to Business Central and NAV that will be available through March 2023.

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    With Dynamics 365 2022 Release Wave 2, Microsoft is making several enhancements to Business Central (BC) and NAV that will be available between October 2022 and March 2023. To give you a preview of the improvements and an idea of which new functions might help your business, Diana Harvey, a Pre-Sales Solutions Architect for Velosio, presented What’s Next: Dynamics 365 BC/NAV during Aspire 22. *

    During the presentation, Diana provides a preview of enhancements relating to governance, onboarding new apps, and reporting. She also focuses on the new features offered by BC and NAV.

    1096 Forms Coming Soon

    A coming attraction that will appeal to accounting team members who handle tax returns is the availability of Form 1096. This will facilitate annual tax return summaries and the transmittal of information on other various forms.

    Other key enhancements in the governance realm include Microsoft storing environments for seven days after they are deleted. If, for example, you delete a sandbox environment by accident, you will have plenty of time to restore it. Microsoft will also inform you when outages occur in their cloud environment. You will no longer have to wonder if it’s something wrong at your site or in your connection to the cloud.

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    For adding third-party apps from AppSource, Microsoft has streamlined the process to access, install, and set up the software. And when working with reports, you now have more layout options, and BC and NAV will alert you that your work is being saved. The auto-saving feature was already active, but now you will know for sure that you won’t lose anything you have just keyed in.

    Within reports, you can also switch environments more quickly to view reports of different business entities. And a soon-to-be-released feature is the ability to run and then send reports to a user inbox.

    Key New Features

    For the new features to look for in BC and NAV, Diana discusses highlights in 10 areas:

    • Financial Reporting—now easier to set up and edit.
    • Bank Reconciliations—simpler to reconcile general ledgers against bank accounts.
    • Posted Invoices—sort through line items without creating a configuration package.
    • Inventory Variant Codes—prevent negative inventory entries and create stock-out alerts.
    • Multiple Remit-To Addresses—for working with vendors who have more than one location.
    • Planning Worksheets—improved analysis with the ability to sort columns by ascending and descending values.
    • Posted Item Charges in Purchase Orders—to invoice when orders are partially full.
    • Job Item Tracking—add serial and lot numbers to job planning lines before item usage.
    • Data Definition Exchange—to pull in data fields from other tables.
    • Reverse Payments—an improved reconciliation journal and links to ACH and credit card payment information.

    To learn more about these capabilities, check out Diana’s full presentation.  And if you need assistance with deploying or setting up Dynamics 365 Business Central or NAV to help your accounting teams work more efficiently, contact Velosio today. We’re here to help!

    *Aspire 22, the annual Velosio conference, brought together Dynamics users, finance and business leaders, and IT professionals from across the country. The one-day online event showcased the business possibilities of Microsoft Dynamics 365 solutions powered by today’s modern technologies.

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