Microsoft Dynamics NAV includes a standard configuration of most financial processes, but you can change the configuration to suit your business. For more information, see Setting Up Finance.
The default configuration includes a chart of accounts and standard posting groups that make the process of assigning default general ledger posting accounts to customers, vendors, and items more efficient.
The following table describes a sequence of tasks, with links to the topics that describe them.
|Apply incoming payments, reconcile bank accounts during payment application, and collect outstanding balances.
|Make payments, apply outgoing payments, and work with checks.
|Make your customers submit payment before you ship to them, or submit payment to your vendors before they ship to you.
|Reconcile bank accounts and transfer funds between bank accounts.
|Managing Bank Accounts
|Set up intercompany partners and process transactions, manually or automatically, between legal entities within the same company.
|Managing Intercompany Transactions
|Analyze the costs of running your business by allocating actual and budgeted costs of operations, departments, products, and projects to cost centers.
|Accounting for Costs
|Manage inventory and manufacturing costs, report costs, and reconcile costs with the general ledger.
|Managing Inventory Costs
|Understand the general ledger and the chart of accounts.
|Understanding the General Ledger and the COA
|Add dimensions for richer business intelligence.
|Working with Dimensions
|Create budgets to forecast different financial activities and assign dimensions for business intelligence purposes.
|How to: Create Budgets
|Record income or expenses directly in the general ledger without posting dedicated business documents.
|How to: Post Transactions Directly to the General Ledger
|Post reversing entries to undo value postings in the general journal or quantity postings on purchase and sales documents.
|How to: Reverse Postings
|Allocate an entry in a general journal to several different accounts when you post the journal.
|How to: Allocate Costs and Income
|Assign extra costs, such as freight and physical handling that you incur during trade, to the involved items so that the cost is reflected in inventory valuation.
|How to: Use Item Charges to Account for Additional Trade Costs
|Post employees' personal expenses for business-related activities and reimburse employees by making payment to their bank account.
|How to: Record and Reimburse Employees' Expenses
|Recognize revenues and expenses in other periods than when the transactions were posted.
|How to: Defer Revenues and Expenses
|Learn how to use additional currencies and update currency exchange rates automatically.
|How to: Update Currency Exchange Rates
|Import salary transactions from your payroll provider into the general ledger.
|How to: Import Payroll Transactions
|Monitor the flow of cash in and out of your business.
|Analyzing Cash Flows in Your Company
|Work with financial statements and overviews in Excel.
|Analyzing Financial Statements in Excel
|Prepare to close a fiscal year or period.
|Closing Years and Periods
|Prepare a report that lists VAT from sales, and submit the report to tax authorities in the EU.
|How to: Report VAT to Tax Authorities
Setting Up Finance
Closing Fiscal Periods
Importing from Other Finance Systems
Working with General Journals
Working with Dynamics NAV
© 2017 Microsoft. All rights reserved.