Account Schedules has been renamed Financial Reports in Business Central - What you need to know
Productive changes were made to Business Central with last year’s Release Wave 2: from report visibility for bank reconciliation to more seamless integrations with Power Automate, the Dataverse, and beyond. We covered these changes in our 2022 Release Wave 2 summary blog, but there’s one change in particular we’d like to dig into further—the Financial Reporting name shift. Here are the details you should be aware of.
By the way, if you have questions about this or future changes to Business Central, or any of the Dynamics 365 suite of business applications, you can easily research and track changes/features through planning, preview, and general availability with the new Release Wave planning tool! Even save the feature plans you want to keep tabs on, ensuring you won’t lose or forget the gems you’re most excited about.
The Changes
First and foremost, anyone who uses financial reporting regularly will have noticed that the system now refers to “Account Schedules” as “Financial Reports,” which is hosted under the Finance tab within most role centers. When using Business Central’s intuitive search function, searching for “Financial Reports” will now pull up “Account Schedules” to account for the name change while still locating the feature you’re looking for.
Within Financial Reports, you’ll notice some layout changes, too. Most importantly, “Column Layout” is now referred to as “Column Definition.” This is a small change, as the function has not been impacted—just the location and the name has changed.
But the way reporting works has also shifted. Now, each report you intend to print must have a Column Definition linked to it. Where the definition used to take place in a pop-out box when setting the report parameters at the moment of printing, you now create each different report with a set Column Definition that will save in the Financial Report list. The Column Definition setup happens ahead of time, making it a little easier to access a quick overview from Financial Reports.
We’re happy to advise you on new features, assess their value for your system and needs, and even train you and your users to get the most out of any new releases you want to implement in your systems. Just get in touch with us!