New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2: Financial Reporting Replaces Account Schedules

The third of the new functionality in the application section is financial reporting replaces account schedules.

In order to make it easier for new users to get started with Business Central, Microsoft have renamed the account schedules capability Financial Reporting. They have also separated the definition of a financial report from that of the definition of rows and columns, so that it’s clearer that a financial report is a combination of row and column definitions plus additional parameters.

Enabled for: users, automatically
General Availability: October 2022

You can now search for Financial Reporting in the in-product search field as well as links from some Home pages.

The link Financial Reporting will open a list of financial reports, and you can add user-defined reports to the list.

The financial reports will have their own name, a row definition, a column definition, and additional parameters that will be set when you open the Financial Report page. In earlier versions, this page was called Overview.

The objects that have been known as account schedules will now be called Row Definitions, for which you can still define a default column layout and an analysis view. Column layouts become Column Definitions. For both row and column definitions, you can edit the definitions separately from the financial reports. You can now copy column definitions, making it easier to make variants of a column definition.

My opinion

If you’ve been following this blog, you will know that I am quite new to Dynamics BC, and account schedules were one of the things which did puzzle me slightly. They looked like reports, but were called schedules. This new name makes much more sense and the new functionality looks like it will make maintaining account schedules easier to maintain..

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