Core finance
Core finance for the Australian version of Business Central covers distribution amount calculation, printing balance sheet and income statement reports, and setting up business units for business activity statements (BAS). It answers questions about AU-specific financial reporting and BAS consolidation.
Path: Business functionality > Local functionality > Australia > Core finance · tier official · system finance · narrative reviewed (checked by Opus)
Overview
This section collects four pages on finance features localized for Australia. Two pages cover financial reports: printing balance sheets and printing the annual income statement used for auditing accounts. A third page covers how distribution amounts are calculated to meet Australian business requirements. The fourth explains how to set up business units for BAS.
The pages are standalone and there are no subtopics. Start with the business unit setup page if you need to consolidate a parent company, subsidiaries and affiliates for BAS. Start with the report pages if you need to produce statements for audit or financial reporting.
Key points
- Print balance sheet reports in the Australian version for financial reporting.
- The annual income statement report is used for auditing accounts and shows revenues and expenses for the current and prior years.
- The income statement supports rounding to the nearest unit and display in the additional reporting currency.
- Business units for business activity statements (BAS) consolidate financial statements across parent companies and subsidiaries.
- BAS business unit setup covers parent company, subsidiary and affiliate setup, and BAS group consolidation.
- Distribution amount calculation is localized to fit Australian business requirements.
Learn pages
- Calculating Distribution Amounts [AU]: In the Australian version, you can reallocate amounts between general ledger accounts to keep account balances proportionate.
- Print balance sheet reports [AU]: Use the Balance Sheet report to view the company’s balance sheet in the Australian version.
- Print income statements [AU]: Learn how to view the company’s annual income statement in the Australian version.
- Set Up Business Units for Business Activity Statements (AU): Learn how to consolidate the financial statements of various companies into one financial statement.
Videos, posts and code changes
Linked by a Haiku matcher with a grounding quote from the item’s summary (link/topics.ts); machine-generated.
- #9590 Error message “Consolidated must be equal to Yes” when Exporting BAS Calculation Worksheet for consolidated Company in Australian localisationInitial commit (code change): “Exporting the BAS Calculation Worksheet for a consolidated company”
Business Central pages and reports
The pages, reports and queries this hub’s Learn pages name (ms.search.form, API reference), joined to the code by exact object id (data/index/docs-objects.json); a page shows the table it runs on.
Learn also names 1 object with no object page: page/17101.
Source: Microsoft Learn (CC BY 4.0). Descriptions are Learn’s own.