Dynamics 365 Business Central: Country and regional - Use Payment Practices in the UK localization
From Microsoft's description: “By automatically tracking late payments, disputes, and other required rules, companies can improve reporting accuracy, strengthen supplier relationships, and reduce the administrative burden on finance teams.</p> <p>E…”
<p>Business Central extends UK localization to support the updated <em>Reporting on Payment Practices and Performance (Amendment) Regulations 2024</em>. The system introduces new data points to the existing <strong>Payment Practices</strong> page, including the total value of payments made during the period, late payments relative to agreed terms, and the percentage of late payments caused by disputes. A dispute mechanism is added to purchase invoices to link delayed payments directly to dispute status.</p> <p>The report can be exported in CSV format for submission or further processing.</p> <p>Business Value:</p> <p>New legislation in the UK requires companies to report more detailed and accurate payment performance metrics. With this update, Business Central helps organizations stay compliant without manual data collection or spreadsheet work. By automatically tracking late payments, disputes, and other required rules, companies can improve reporting accuracy, strengthen supplier relationships, and reduce the administrative burden on finance teams.</p> <p>Enabled for:</p> <p>Enabled for end users automatically</p>
Affected: Dynamics 365 Business Central