---
id: topic/business-central/business-functionality/local-functionality/czech-republic/core-finance
type: topic
title: Core Finance
summary: "Czech Republic core finance functionality in Business Central: posting groups, corrections (Red Storno), multi-circuit accounting, G/L application, year closing, statutory statements and company information, financial reports, accounting output documents, and CNB exchange rate updates. It answers questions about Czech legal and accounting compliance features."
tier: official
language: en
system: finance
review:
  state: reviewed
  by: opus
  at: "2026-10-07T02:18:38.493Z"
  flags: []
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  at: "2026-10-08T06:31:25.130Z"
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  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/use-alternative-posting-groups-employees
    title: Alternative posting groups for Employees in the Czech Version
    date: "2025-09-29"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/check-of-posting-group-changing
    title: Check posting group change in Customer, Vendor, Item, Bank Account [CZ]
    date: "2025-06-02"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/accounting-output-documents
    title: Czech Local Functionality - Accounting output documents
    date: "2025-06-02"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-setup-automatic-creation-and-update-dimensions
    title: Czech local functionality - Automatic creation and update of dimensions
    date: "2025-06-03"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-corrections-posting
    title: Czech local functionality - Corrections posting
    date: "2025-06-04"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-accounting-schedule-feature
    title: Czech local functionality - Financial report feature
    date: "2025-06-04"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/internal-financial-documents
    title: Czech local functionality - Internal financial documents
    date: "2025-06-05"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-multi-circuit-accounting
    title: Czech local functionality - Multi circuit accounting
    date: "2025-06-05"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-company-information
    title: Czech local functionality - Statutory company information [CZ]
    date: "2025-06-06"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-statements
    title: Czech Local Functionality - Statutory Statements [CZ]
    date: "2025-06-06"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/wip-extended-posting
    title: Czech local functionality - WIP extended posting
    date: "2025-06-09"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/exchange-rate-update
    title: Exchange Rate Update [CZ]
    date: "2025-06-02"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/general-ledger-entries-application
    title: General Ledger Entries Application [CZ]
    date: "2025-06-03"
    commit: null
    t: null
    quote: null
  - kind: learn
    url: https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/year-close-operations
    title: Year Closing Operations [CZ]
    date: "2025-06-09"
    commit: null
    t: null
    quote: null
links:
  learn:
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/use-alternative-posting-groups-employees
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/check-of-posting-group-changing
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/accounting-output-documents
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-setup-automatic-creation-and-update-dimensions
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-corrections-posting
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-accounting-schedule-feature
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/internal-financial-documents
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-multi-circuit-accounting
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-company-information
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-statements
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/wip-extended-posting
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/exchange-rate-update
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/general-ledger-entries-application
    - https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/year-close-operations
  objects: []
  features: []
  topics:
    - topic/business-central/business-functionality/local-functionality/czech-republic
  localizations: []
  videos: []
  posts: []
  guidelines: []
  changes:
    - change/bcapps/12134
learn_toc_path:
  - Business functionality
  - Local functionality
  - Czech Republic
  - Core Finance
toc_file: business-central/TOC.md
parent: topic/business-central/business-functionality/local-functionality/czech-republic
children: []
coverage:
  learn: 14
  code: 0
  video: 0
  blog: 0
  guideline: 0
bc_forms: []
member_hash: cf58222c12ea81a27ae5e4b9d1b5c55b9f5fb161a86b1cfc0f1c8e1959642199
narrative: generated
---

# Core Finance

> Czech Republic core finance functionality in Business Central: posting groups, corrections (Red Storno), multi-circuit accounting, G/L application, year closing, statutory statements and company information, financial reports, accounting output documents, and CNB exchange rate updates. It answers questions about Czech legal and accounting compliance features.

Path: [Business functionality](../../../business-functionality.md) > [Local functionality](../../local-functionality.md) > [Czech Republic](../czech-republic.md) > Core Finance · tier official · system finance · narrative reviewed (checked by Opus)

## Overview

This section collects the Czech localization pages for core finance. They cover posting and ledger behavior (alternative employee posting groups, posting group change checks, corrections posting, multi-circuit accounting, G/L entries application, WIP extended posting) and the reports and documents needed for Czech legislation (accounting output documents, internal financial documents, statutory statements, year closing).

## Key points

- Alternative posting groups for employees let payroll and expense transactions post to different G/L accounts, with a posting group choice on journals and automatic reallocation of G/L entries.
- Posting group changes on customer, vendor, item and bank account cards are blocked when open entries exist.
- Corrections posting (Red Storno) enforces corrective posting on G/L accounts and inventory so costs and revenues sit on the proper debit or credit side.
- Multi-circuit accounting uses the G/L Account Group field to separate Financial, Off-Balance and Intercompany accounting areas.
- G/L entries application matches temporary and transfer account entries, with partial application, apply/unapply and batch application.
- Year closing reports close the income statement, close the balance sheet and open the balance sheet, creating General Journal lines.
- Statutory Statements provide Balance Sheet and Income Statement under Accounting Law 563/1991, built on financial reports with customizable Excel layouts.
- Exchange rates can be updated automatically from the Czech National Bank (CNB) service.

## Learn pages

- [Alternative posting groups for Employees in the Czech Version](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/use-alternative-posting-groups-employees): Learn how to set up and use alternative posting groups for employees in the Czech version of Business Central to manage payables and receivables effectively.
- [Check posting group change in Customer, Vendor, Item, Bank Account [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/check-of-posting-group-changing): Learn how the Czech version of Business Central checks for changes to posting groups on customer, vendor, item, and bank account cards, ensuring compliance with local requirements.
- [Czech Local Functionality - Accounting output documents](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/accounting-output-documents): Learn about accounting output documents available in the Czech version of Business Central, including local reporting features and compliance requirements.
- [Czech local functionality - Automatic creation and update of dimensions](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-setup-automatic-creation-and-update-dimensions): Learn how to automatically create and update dimensions in the Czech version of Business Central.
- [Czech local functionality - Corrections posting](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-corrections-posting): The corrections posting function is used to force corrective posting.
- [Czech local functionality - Financial report feature](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-accounting-schedule-feature): Enhancements to financial reports in the Czech version, including shared expressions, result saving, formula drill-down, and expanded data sources.
- [Czech local functionality - Internal financial documents](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/internal-financial-documents): Learn about Internal Financial Documents in the Czech version of Business Central, enabling compliant printing of General Ledger operation documents.
- [Czech local functionality - Multi circuit accounting](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/how-to-use-multi-circuit-accounting): Learn how to use Multi Circuit Accounting in the Czech version of Business Central.
- [Czech local functionality - Statutory company information [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-company-information): The Statutory company information feature enables users to define company officials and assign them roles for inclusion in internal and external documents.
- [Czech Local Functionality - Statutory Statements [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/statutory-statements): Generate statutory financial reports, including Balance Sheet and Income Statement, for Czech legal compliance.
- [Czech local functionality - WIP extended posting](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/wip-extended-posting): Learn about the WIP Extended Posting local functionality available in the Czech version of Business Central.
- [Exchange Rate Update [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/exchange-rate-update): Learn how to use local functionality to automatically update currency exchange rates through an exchange rate service.
- [General Ledger Entries Application [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/general-ledger-entries-application): The Czech version of General ledger entries application enables companies to manage temporary and transfer accounts in the general ledger for improved tracking and processing of pending amounts.
- [Year Closing Operations [CZ]](https://learn.microsoft.com/dynamics365/business-central/LocalFunctionality/Czech/year-close-operations): Learn how to manage year-end closing operations in the Czech version, including closing and opening account books to meet local accounting requirements.

## Videos, posts and code changes

Linked by a Haiku matcher with a grounding quote from the item's summary (link/topics.ts); machine-generated.

- [#12134 [main] bug 652313 - Add Approvals Management integration to compensation, payment order and cash document processing](../../../../../changes/bcapps/12134.md) (code change): "Approvals Management integration was added to compensation, payment order, and cash document processing in Czech"

Source: Microsoft Learn (CC BY 4.0). Descriptions are Learn's own.