Business Central 2022 Wave 2 Product Updates

From combining multiple disconnected systems into one to boosting efficiency with automated tasks and workflows, organizations across the globe have used Dynamics 365 Business Central to get a complete picture of their business, with built-in intelligence when and where they need it. Microsoft continues to make great strides and enhancements to their Business Central solution and we are delighted to share our top notable updates coming to Business Central this fall.

For additional information, check out our favourite resources to review for updates:

Note: This post outlines select enhancements and new features planned for the Wave 2 Release in Dynamics 365 Business Central between October 2022 and March 2023. Please note that delivery times may change, so we recommend using the links provided to find the most current estimated delivery dates.

What You Can Expect in the Dynamics 365 Business Central 2022 Wave 2 Release

While this release is not yet available, Microsoft has advised that the Wave 2 release will deliver feature enhancements based on the most popular requests for improvement. Here are just some of our favourites:


Business Central continues to improve bank reconciliation. In this release, Microsoft will improve the test report, add a statement report with two sections for outstanding reconciliations, and provide better automation when checking ledger entries.

Users will be able to reverse the journal entries from posted payment reconciliation journals. This way, they can more efficiently recover the books from mistakes that may happen. Just like with other journal entries, the user must omit the entries manually first.

Businesses that use check payments will now have multiple remit addresses available for vendors.

To make financial reporting more transparent for newcomers and experienced users alike, Microsoft is renaming “Account schedules” to “Financial reporting,” and changing the feature slightly to give a better overview of the available reports. A ”financial report” is now defined as a combination of “row and column definitions,” plus a few parameters. This means that variants of the same report can now be stored as separate reports. The core functionality will be the same, but the name changes make it easier to grasp the concepts. New templates for row and column definitions will become available in updates over the next release waves, making it easier for business users to get started and get productive.


In the Wave 1 release, Microsoft introduced Excel layouts for reports, in Wave 2 Microsoft intends to improve this experience.

When a business user runs a report with an Excel layout, they can now choose the Excel layout on the report’s request page. For example, if a report has several Excel layouts, the user can choose the exact layout they want when they run the report.

In addition to the Excel layout capability, Microsoft is creating an API for the finance area that can be consumed in both Excel and Power BI. This way, users can create their detailed analysis of data from the general ledger and G/L budgets with dimensions.  The Wave 2 release will also provide a new template Power BI app that is based on the new API. The Power BI app contains a set of standard financial reports and a dashboard with financial KPIs and aggregated general ledger info.

Productive with Microsoft 365

The new release wave will offer more control to administrators to manage OneDrive and Excel, while business users benefit from enhancements to report layouts and how they can edit data in Excel.

Apps & AppSource

Wave 2 will make it easy for users to find relevant connectivity apps that are available in AppSource. Additionally, this release will make these apps easy to install and easy to set up, including the apps that offer online bank connectivity.

The apps that are available through this in-product experience will have certain requirements imposed upon them, such as usage and quality criteria, as well as a minimum set of features and capabilities.

Governance & Administration

In 2022 release wave 2, Business Central will provide a set of admin and governance capabilities to help admins and IT pros set up, secure, manage, govern, and monitor customer environments. This includes adding and improving several capabilities to make it easier to keep up with essential service notifications and to automate and manage operations at scale, across multiple customers and environments, with service-to-service authentication to the Admin Center API. Admins will also now be able to recover any environments that were recently deleted, which keeps customer data safe.

To learn more about the entire set of capabilities being delivered during this release wave, check out the release plan for Dynamics 365 Business Central here.

Need help?

If you want more information on this new release or would like to learn more about Business Central, please contact CRGroup, Canada’s trusted Partner for Dynamics implementation & support.