Comparing Correcting and Reversing Entries Between Dynamics GP and Dynamics Business Central (2024)
Comparison of correcting and reversing posted journal entries in Dynamics GP and Business Central. It shows GP's Correct button in the general journal window, then reversing an entry from the general ledger entries window in Business Central and using Correct Dimension to fix a dimension value.
- Introduction to correcting entries
- Correcting entries workflow in Dynamics GP
- Reversing entries in Business Central
- Correcting dimensions in Business Central
- Summary and resources
Overview
A short 2024 video from the Business Central channel that walks through how a posted journal entry is corrected in Dynamics GP and how the same task is done in Business Central. It is aimed at people moving from GP to Business Central.
In GP, the Correct button in the general journal window offers two options: back out the journal entry, or back out and create a correcting entry. In Business Central, the entry is reversed from the general ledger entries window, which reverses the debits and credits of the original. For an incorrect dimension value, the Correct Dimension function fixes the value without reversing the whole transaction.
Key points
- In GP, the Correct button in the general journal window offers two options: back out the journal entry, or back out and create a correcting entry.
- In GP, you select the original journal entry year and number, and the system pulls in the accounts and amounts with debits and credits reversed before posting.
- In Business Central, a posted journal entry is reversed from the general ledger entries window by searching for the entry and selecting to reverse the transaction.
- Business Central defaults in the journal entry information, and the completed reversal reverses the amounts posted in the original journal entry.
- A wrong dimension value can be fixed with Correct Dimension instead of reversing the transaction: select the correct value in the new dimension value code, optionally enter a description, and run the change dimension process.
- After the change dimension process completes, refreshing the window shows the correct dimension value on the journal entry.
Features
Every feature below: status not stated, demoed.
| Feature | At |
|---|---|
| Reverse transaction in Business Central | 0:58 |
| Correct Dimension functionality | 1:39 |
| Correct entry option in Dynamics GP | 0:11 |
AL objects mentioned
As heard in the captions. A name that matches one object page by exact type and name links to it; the others stay as named.
Not found in BC28-30: page “general journal window”, page “general ledger entries window”.
Quotes
- 0:11 “I’ll select the correct button here there are two options to select from to back out the journal entry or back out and create”
- 0:58 “now let’s look at how we can reverse that same posted journal entry in business Central first I’ll select the general ledger entries window”
- 1:39 “you could reverse the transaction or you can use the correct Dimension functionality to correct a dimension value”
- 2:37 “reversing and correcting Dimensions is a quick and simple process in business Central”