What's new in Finance: Overview (2026 release wave 2)

Overview

This 10-minute overview covers Finance and localization changes in the 2026 release wave 2. Most of the time goes to excise taxes: several excise taxes can now be set on one item, and further features for bonded locations, a transfer entry type, ad valorem and hybrid calculation are coming in the November minor update.

The video also covers self-billing (vendor-specific number series and PEPPOL format in the e-documents framework), cross environment master data management, withholding tax for employees, and a list of localization updates for Spain, France, Australia, Great Britain, Germany, Switzerland, Austria and Iceland. The presenter says it is not a complete list of Finance changes, and that deep-dive sessions exist for some topics.

Key points

Multiple excise taxes per item: a new excise taxes page opens from the item card’s Related menu. Earlier versions allowed only one excise per item.
Existing excise tax configuration from the previous wave is upgraded automatically to the new table and page.
Coming in November: bonded locations (excise is calculated on release from the location, not on inbound receipt), a Transfer entry type in excise permissions, ad valorem calculation (percent of taxable amount) and a hybrid model combining specific and ad valorem parts.
Self-billing: a number series can be selected per vendor, with fallback to the purchases and payables setup if none is selected. Self-billing gets PEPPOL format and becomes part of the e-documents framework.
Withholding tax for employees: choose employees as business posting group to get gross or net calculation, with thresholds per period and category. It can be used in the expense agent or the general journal.
Cross environment master data management uses the same user experience as single-environment master data management, plus additional setup. It is useful for companies with several localizations, each in its own environment.
Localization: ‘very fact two’ enablement in Spain (documented on Learn and also available on AppSource) and invoicing for France are GA. Payment terms rules are expanded for Australia and Great Britain. Germany gets new Intrastat reporting and Switzerland gets fully structured addresses for QR invoicing. Germany’s EU BP audit file export comes in November or December, and SFT is enabled for Austria and Iceland in December.

Features

Feature	Status	At	Evidence
Multiple excise taxes per item	preview (roadmap Calculate multiple excise duties per item)	0:54
Bonded location support for excise taxes	announced	1:44	“Uh again, it will it will be delivered in November, but this is completely new functionality.” (2:30)
Transfer entry type for excise permissions	status not stated	2:46
Ad valorem excise tax calculation	announced	3:09	“So, this is what is coming in November. What else we have?” (4:18)
Hybrid excise tax calculation model	announced	3:49	“So, this is what is coming in November. What else we have?” (4:18)
Self-billing vendor-specific number series	preview (roadmap Vendor specific number series for Self-billing Invoices)	4:18
Self-billing PEPPOL format support	status not stated	4:52
Cross environment master data management	status not stated	5:15
Withholding tax for employees	preview (roadmap Use withholding taxes (WHT) with employee transactions)	6:15
Invoicing for France GA	generally available	8:17	“we introduce invoicing for France. It will be in GA as well” (8:17)
Payment terms expansion for Australia and Great Britain	status not stated	8:17
Intrastat reporting for Germany	status not stated	8:31
Fully structured address for QR invoicing in Switzerland	status not stated	8:31
EU BP audit file export for Germany	status not stated	8:43
SFT enablement for Austria and Iceland	announced	9:00	“we will enable SFT in Austria and Iceland starting from December. It will be standard functionality” (9:00)

A status with a roadmap link comes from the Microsoft 365 roadmap feature this part of the video covers (matched by Haiku; links Opus dropped are not used); other statuses need a status word in the video itself.

Quotes

0:54 “in previous version on the left side you could add only one excise per item. And it was a problem.”
1:32 “if you already started to use excise taxes in the previous wave, system will automatically upgrade existing configuration to this new table and new”
3:21 “it is calculated per uh amount. So you need to calculate uh percent of amount to get uh excise.”
4:36 “now you have an option, if you have multiple vendors for self-billing, you can select specific number series for each of them”
6:01 “Especially when you have an example multiple localizations, so you must have multiple environment if you have multiple localizations. So, now you can enable”
6:57 “when you select employees as a business posting group, then you will have different calculations. You can choose gross or net calculation”
7:55 “Very fact two enablement in Spain is now in GA. So, you can use very fact two.”
8:43 “in November, December, we will deliver two more features. One is really important for Germany. This is about EU BP.”

Disclaimers in the video

1:44 coming-later: This is something what is coming in November minor, two new features.
5:15 preview: only an overview, cross environment master data management, I will not go deep. As I said, we have deep dive session about that
7:55 preview: Because it will be mandatory from the beginning of next year.
9:00 coming-later: in November, December, we will deliver two more features
9:11 subject-to-change: this is maybe not everything what we deliver in finance

Presenters (as heard): Unknown presenter.