Dynamics 365 Business Central – How to quickly split the balance of a General Ledger account across Dimensions using a Recurring General Journal

Dynamics 365 Business Central

The article discusses the need to split the balance of a General Ledger account across dimensions at the end of a period.
It explains how this can be achieved quickly and easily using the Recurring Journal in Business Central.
The Recurring Journal is used for repetitive journals that occur on a regular basis, such as monthly depreciation or recurring revenue and expenses.
There is a "Recurring Method" of "Balance" that allows for transferring the balance of a General Ledger account to another account or splitting the balance across dimension values.
A worked example is provided where £1000 worth of costs in the "Office Supplies" account is split across different departments using the Recurring General Journal.
The process involves selecting the "Balance" recurring method, allocating percentages to different departments, and previewing the journal to see the split across dimensions.
The article concludes by highlighting the benefits of using the Recurring General Journal for splitting costs across dimensions, reducing errors, and saving time.
Overall, the article demonstrates a practical use case of utilizing the Recurring Journal in Dynamics 365 Finance for efficient financial management.

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