Applies to Product - Dynamics 365 Business Central
What’s happening?
The customer is experiencing issues with the configuration of Cost Applied Accounts, specifically related to Purchase and Cost Applied Accounts not balancing for certain transactions.
Reason:
The imbalance in the Purchase and Cost Applied Accounts was likely generated by a Purchase Order and a Purchase Credit Memo where the Applies-to Item was not populated with the specific cost of the original Purchase Invoice.
Troubleshooting:
- Review the configuration of Posting Groups for Inventory Postings, ensuring that the Purchase and Cost Applied Accounts are set in the Cost of Goods Sold Section.
- Consider the impact of the Exact Cost Reversing feature on the posting flow.
- For 1099 reporting issues, ensure that clients are aware of the IRS updates regarding electronic filing requirements for companies with 10 or more 1099s.
- Address any consistent issues with printing to pre-printed 1099 forms, including page scrolling and missing boxes.