Core Finance

Path: Business functionality > Local functionality > Czech Republic > 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: 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]: 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: 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: Learn how to automatically create and update dimensions in the Czech version of Business Central.
• Czech local functionality - Corrections posting: The corrections posting function is used to force corrective posting.
• Czech local functionality - Financial report 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: 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: Learn how to use Multi Circuit Accounting in the Czech version of Business Central.
• Czech local functionality - Statutory company information [CZ]: 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]: Generate statutory financial reports, including Balance Sheet and Income Statement, for Czech legal compliance.
• Czech local functionality - WIP extended posting: Learn about the WIP Extended Posting local functionality available in the Czech version of Business Central.
• Exchange Rate Update [CZ]: Learn how to use local functionality to automatically update currency exchange rates through an exchange rate service.
• General Ledger Entries Application [CZ]: 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]: 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 (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.