We are pleased to present a new release of SMART Apps, further expanding our ecosystem of business solutions designed to automate financial and operational processes. This release introduces enhancements to cash flow management, lease accounting, statutory reporting, master data management, and electronic document management. It also brings new solutions for automating production cost allocation and financial accounting in retail. These updates are designed to improve accounting accuracy, streamline business processes, enhance the user experience, and ensure compliance with applicable legal requirements.
- A tax breakdown has been added to the “SAF-T Data Preview General Ledger Entries” page of the SAF-T audit file export document. Multiple taxes (tax type and code, percentage, base and amount) can now be viewed and edited for a single G/L entry, and information on each tax is exported to the audit file for that entry. Information on total tax amounts has been moved to a separate page in the preview tables “Sales Invoices” and “Purchase Invoices”.
- In the SAF-T Audit File, on the “SAF-T Data Preview Working Documents” page, a tax breakdown has been added. Previously, only a single tax could be displayed for a document line; now, multiple taxes are supported and can be displayed for the same document line.
- SAF-T export processing for foreign currency sales and purchase invoices has been improved. Amounts, exchange rates, tax bases, and tax amounts are now calculated using a consistent exchange rate across document headers, lines, and tax totals.
- The determination of the first event when generating transaction types in SAF-T UA has been improved. For customer transactions with the same posting date, the alternative transaction processing order defined for generating VAT invoices is now taken into account.
- The automatic population of dimension values from the agreement has been improved. Dimension values are now automatically populated as soon as the Agreement No. is specified in a Contract Receivables/Payables Plan Entry line, without the need to navigate to another line.
- The “Forecast Update Mode” field has been added to the “Cash Flow Forecast” page. The field determines how the system updates the cash flow ledger when generating cash flow journal lines.
- The “Bank Account Balance” FactBox has been added to the “Cash Flow Ledger Entries” page. The FactBox is displayed for entries where the “Company Bank Account No.” field is filled in, and shows the projected bank account balance, helping assess how the selected entry will affect the balance. All amounts are shown in the bank account currency. The calculation date is the later of the work date and the cash flow date of the selected entry.
- A new rate type, Effective by Period, has been added for discount factors. With this rate type, the periodic rate is calculated from the annual rate using the formula (1 + Annual Rate)^(1 / Payments Per Year) − 1. The effective rate is used in the calculation of interest, the annuity factor, the initial/final instalment, and the present value of lease payments.
- The ability to post non-lease payments through the General Journal has been added (previously this was possible only through purchase documents). A new field, “Non-Lease Expense Account No.”, has been added to the IFRS Setup page to specify the G/L account to which non-lease payments are posted.
- The creation of Discount Factors has been optimized: record fields can now be filled in any order without first entering a value in the Factor Value, % field.
- A new subpage has been added to the Lease Terms of the Leasing Object card for terms with the Leasing Pay type, where you can break down the rent by period. It lets you enter contractual rent changes that are known in advance at the lease commencement date by specifying the Terms Start Date, Terms End Date and Rental Price Per Unit for each period. In the initial calculation, all future payments from these lines are included in the cash flows, the present value (PV) and the Initial Lease Liability.
Support for displaying the currency code has been added for amount fields according to the Show Currency setting in General Ledger Setup. The local or foreign currency code is displayed depending on the transaction currency, while no currency code is shown for non-amount Decimal fields.
New:
- Resend selected records: send specific records again to a destination company, for example to correct a discrepancy, without resending the whole data set.
Improvements:
- Easier, guided setup of master and receiving companies: a new step-by-step overview and clear instructions on the setup pages walk you through data sets, credentials, connections, permissions and scheduled jobs.
- MDM can now be extended with your company’s own rules that run when master data arrives in a destination company, such as checking field values after a new record is created.
- Users on any Business Central license type, including limited licenses, can now edit master data that MDM synchronizes.
- The English translation of the app has been improved, including the connection setup screens.
Fixes:
- Selecting which fields to include or validate in a data set now works correctly when the field list is sorted.
Support for the new Ukrainian cryptographic standard “Kupyna” has been added.
A new solution, SMART Retail Core, built on Microsoft Dynamics 365 Business Central, has been released. It extends LS Central functionality and helps automate financial accounting in retail. The solution provides control over cash movements in stores, enables more accurate reconciliation of payments against bank and acquiring statements by splitting payment lines, and automates the transfer of sales type data to accounting entries.
SMART Retail Core supports a consistent approach to cash accounting across stores of different formats, enables real-time monitoring of cash balances, and helps users respond when balances approach predefined limits. Its functionality helps finance teams reduce the risk of discrepancies, improve reporting quality, and obtain more reliable data for informed management decisions.
Introducing SMART Cost Allocation — a solution for automating the transfer and allocation of production costs in Microsoft Dynamics 365 Business Central.
SMART Cost Allocation automates the process of transferring accumulated manufacturing overhead costs from expense accounts to production accounts while preserving dimension-based analytics. This reduces period-end closing time, eliminates the need to manually create large numbers of journal entries, and ensures that production costs are accurately reflected in financial accounting.
Key features:
- Automatic transfer of balances between G/L accounts based on account and dimension combinations.
- Support for mapping dimension values between source and destination accounts.
- Allocation of amounts across multiple destination accounts using predefined coefficients.
- Preservation of complete analytical details and dimension sets during transfers.
- Bulk creation of general ledger entries based on account balances.
Features in development:
- Calculation of finished goods costs using allocation drivers.
- Calculation of work in progress (WIP) to be carried forward to subsequent periods.
- Calculation of the cost of services provided.
SMART Retail Localization for Ukraine
A new solution, SMART Retail Localization for Ukraine, has been released to adapt LS Central functionality to Ukrainian retail legislation. The solution automates VAT invoice processing, cash transactions, and reporting, helping finance teams reduce manual work and simplify accounting.
SMART Retail Localization for Ukraine supports the creation of VAT invoices and corrections, maintenance of electronic and printed cash books, generation of KO-3 and KO-4 reports, and integration with bank terminals and fiscal equipment. Tailored to the Ukrainian market, the solution helps retailers streamline financial processes and comply with local regulatory requirements. SMART Accounting for Ukraine must be activated to use the solution.
