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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Project report in Busi...
Small and medium business | Business Central, N...
Suggested Answer

Project report in Business Central that reconciles with G/L (chart of accounts)

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Posted on by MS-06111451-0 49
I’ve been informed by our auditor that they need a project report from Business Central that can be reconciled directly with the General Ledger / chart of accounts.

What is best practice for this in Business Central?
- Which standard reports are typically used?
- Should reconciliation be done via G/L entries filtered by Project No., or via project-specific reports?
- Are there recommended setups (posting groups, dimensions, project ledger vs G/L) to ensure clean reconciliation?

Looking for an approach that is auditor-friendly and verifiable.
Categories:
Dynamics 365 Business Central
I have the same question (0)
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 31,822 Super User 2025 Season 2 on at
    As far as I know there's no standard report for this. You'd reconcile by comparing the G/L Entries to the Project Ledger Entries.
     
    Yes, you can use the Project No. field in the G/L to filter on specific projects. Dimensions could be useful as well, assuming you have project specific dimensions and use them on all project related transactions that flow to the G/L.
     
  • Suggested answer
    OussamaSabbouh Profile Picture
    OussamaSabbouh 9,231 on at
    Hello,
     
    Best practice in Business Central is to make the General Ledger the audit anchor and reconcile Projects to it, not rely on project-only totals. Auditors typically accept G/L Entries filtered by Project No. (or a Project dimension) as the primary, verifiable source, with Project Ledger reports (like Project – Transaction Detail or Actual to Budget) used only as supporting detail. To keep reconciliation clean, ensure Project No. flows to G/L entries, Project Posting Groups are correctly mapped to cost/sales/WIP accounts, WIP is posted (not just calculated), and avoid any postings that hit Projects without hitting the G/L. In short: if project balances tie directly to filtered G/L balances, auditors are happy.
     
    Regards,
    Oussama Sabbouh
  • Suggested answer
    Dhiren Nagar Profile Picture
    Dhiren Nagar 1,770 on at
    Hi,
     
    As such there is no report to reconcile, however you can check the general ledger entry with the filter of Project no. and Source code. You can take source code from Source code setup in Project tab.
     
    Any entry with this source code is posted from Project WIP to G/L posting and hence helps to reconcile at total level.
     
    Regards,
    Dhiren.

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