Minerva Business Systems, Inc.
This solution includes a full balance sheet and income statement that allows our customers to publish their reports into the Power BI service and give managers online access to these reports, with the full drilldown and analytical capabilities of Power BI which, combined with the dimensions in Business Central, deliver powerful insights into your business. The solution includes a proprietary extension which allows your financial statement report rows to be mapped to your chart of accounts from within Business Central. This mapping extension also allows you to map dimensions to report rows, if applicable, and keeps the design of the report within Business Central which is important for control purposes.
The data for the report will be imported from your Business Central database and an automatic refresh schedule will be set up to routinely update the reports several times per day. The reports are driven by your data so there is only one “version of truth”, which is your accounting system. If adjustments need to be made, they will be posted as journal entries into the accounting system, and then the report will be refreshed. This eliminates the problem of having accounting adjustments outside the accounting system.
You can use dimensions to slice and dice the data, for example by department or product, depending on how you have set up your dimensions in Business Central. You can compare actual results to budget or forecast, as long as your Business Central system has been set up with a budget or forecast. You can drilldown to transaction details from the Balance Sheet or Income Statement. Our solution includes up to 5 companies, assuming they all have the same chart of accounts and currency. If not, we can implement a standard chart of accounts and reporting currency for an additional fee. If required, the reports can be output into Excel for further distribution to managers or executives.
This solution brings a new level of reporting excellence to your organization with state-of-the-art technology.
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