Czech Accounting Standards and Simplified Receivables Management in Dynamics 365 Business Central

BA4 Finance and BA4 Correction Entries are now unified

Certain accounting operations can be time-consuming and error-prone when processed manually. Moreover, Microsoft Dynamics 365 Business Central may not fully meet the requirements of local accounting legislation in certain cases. This is precisely where BA4 applications come into play.

For the latest version of Business Central, we have merged two key extensions. BA4 Finance and BA4 Correction Entries, which streamline accounting management in the Czech Republic and the handling of receivables.

The reason is simple. Automation of processes in areas that often consume significant time and manual input for Czech accountants. While some areas are now supported by artificial intelligence tools, those specific to the Czech environment are most easily resolved with BA4 extensions.

BA4 Finance automates internal accounting documents, cost allocation, mass dimension changes, VAT operations, and control mechanisms.

BA4 Correction Entries automates the creation of provisions for receivables, including their calculation, posting, and reversal when the status of a receivable changes.

By merging into a single module, these processes are interconnected and operate within a unified workflow.

What BA4 Finance Offers

BA4 Finance is fundamentally a localisation add-on module for Czech accounting. It includes the creation of financial documents for internal accounting operations, enhanced reconciliation of the financial journal, and automated balancing of substantive items.

An important feature is the use of allocation keys, which allow costs to be distributed among departments, projects, or jobs.

This application also supports mass dimension changes for posted entries, VAT management including date changes, reduction coefficients, and control reports.

It integrates with ARES, VIES, and ISIR registries for business partner verification. These features ensure legislative compliance and minimise manual work.

What BA4 Correction Entries Offers

The BA4 Correction Entries extension is designed for managing provisions for receivables. It enables automatic posting of items for overdue receivables, calculation as of a specific date, and tracking of both accounting and tax provisions.

If the status of a receivable changes, the module automatically reverses or recalculates the provision. Reporting and control printouts are also included.

BA4 Correction Entries helps you monitor receivables at their true value and minimise the risk of distorted financial results.

What the Merger Means in Business Central 26

Previously, these applications were purchased separately and are still available for older versions. In the newest release of Microsoft Dynamics 365 Business Central, all the listed features are now included within a single module: BA4 Finance.

This provides a unified environment with automatically interconnected accounting and receivables management processes. Key benefits include:

• Allocation keys are applied during document posting.
• Mass dimension changes occur without manual intervention, and the creation of provisions is triggered automatically based on defined rules.
• Configuration is simpler. Rules for allocation and provisions are set in one place.
• Thanks to native integration of accounting and receivables data, reporting is more comprehensive and provides better decision-making support.

This integration also means less complexity during ERP implementation and management. Updates are easier.

Automated processes from routine accounting to the creation of provisions in one environment positively impact work efficiency, save time, and improve data accuracy.

Example of Automation with BA4 Finance and BA4 Correction Entries

Let’s focus on provisions for receivables. Suppose you have an overdue receivable recorded in Microsoft Dynamics 365 Business Central. In BA4 Finance, you can select the appropriate procedure for creating a provision, with settings available for each receivable individually.

BA4 Finance then allows for the recording and automatic posting of provisions for overdue receivables according to the selected procedure, and provides printouts for verification and documentation of provision status.

If the status of the receivable changes later, such as payment or adjustment of the outstanding amount, the corrections are handled within this agenda. The aim is for provisions to reflect the current status of receivables and for accountants to have outputs available for control.

The entire process takes place quickly and accurately within the accounting agenda, without any manual intervention required. No more mistakes from manual recalculations.

For more usage scenarios and an environment preview, see the BA4 Finance listing on Microsoft AppSource.

Business Central Automation Strengthened by AI

Within Microsoft Dynamics 365 Business Central, you now have access to a range of built-in AI features that further enhance automation capabilities. These include cash flow predictions using Azure AI, alerts for potential payment delays, and automated inventory planning.

In everyday workflow, you’ll also benefit from Microsoft Copilot in the Microsoft 365 environment.

Dynamics 365 applications are increasingly being extended with autonomous AI agents, capable of automating selected processes such as quote handling or supplier invoice processing. If you wish to leverage AI further, you can create your own company agents via Copilot Studio in Microsoft Power Platform.

For more information about artificial intelligence in Microsoft Dynamics 365 Business Central, refer to the official documentation on Microsoft Learn.

Feel free to contact us regarding AI utilisation in your ERP.

How to Obtain BA4 Extensions for Business Central

BA4 Finance and Correction Entries are significant extensions for your system, but not the only ones. There are more localisation packages available for adapting your ERP to Czech legislation.

You can review all BA4 applications on our website, where you’ll also find environment previews and detailed documentation. We continuously develop and update them based on user feedback to make your experience in Microsoft Dynamics 365 Business Central even better.

Don’t hesitate to contact us with any questions about Microsoft Dynamics 365 Business Central, BA4 extensions, or the use of Microsoft Copilot and AI agents in enterprise ERP.

We have years of experience and expertise in both the commercial and public sectors. We are among the leading partners of Microsoft specialising in Dynamics 365. We are happy to advise and provide full support.