PROTAKT Projekte & Business Software AG

Key takeaways

• –IFRS 18 requires a structured income statement presentation, impacting operating, investing, and financing categories.
• –Business Central does not have a built-in solution for IFRS 18; implementation requires a functional and technical concept.
• –A structured chart of accounts and mandatory dimensions in Business Central facilitate alignment with IFRS 18 standards.
• –Automation and custom developments in Business Central can streamline the implementation, enhancing efficiency and compliance.

Products covered

Key takeaways

• –Configuration packages in Dynamics 365 Business Central provide a structured method for exporting, editing, and reimporting data, reducing errors and saving time.
• –They allow users to manage master data, such as articles and customer details, offline using Excel, making data handling accessible even to those without direct system access.
• –Correct implementation involves creating detailed export templates, configuring relevant tables and fields, and maintaining proper import order to avoid validation errors.
• –Best practices include filtering data to prevent unnecessary exports and using the 'Create missing codes' feature to handle address data efficiently.

Products covered

Key takeaways

• –Use Business Central to create a centralized checklist for annual closing tasks, reducing errors and improving team coordination.
• –Prepare recurring bookings in Business Central to save time and minimize manual entry during year-end financials.
• –Document important knowledge directly in Business Central to maintain process consistency and independence from individual team members.
• –Separate closing tasks from day-to-day business using accounting periods to ensure reliable financial data.

Products covered