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Microsoft Dynamics NAV Financial Management

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Cristina Nicolàs Lorente, Laura Nicolàs Lorente

Delve deep into the world of financial management with Microsoft Dynamics NAV
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Book Details

ISBN 139781782171621
Paperback134 pages

About This Book

  • Explore the features inside the sales and purchases areas as well as functionalities including payments, budgets, cash flow, fixed assets, and business intelligence
  • Discover how the different aspects of Dynamics NAV are related to financial management
  • Learn how to use reporting tools that will help you to make the right decisions at the right time
  • This book fully prepares you to successfully use Dynamics NAV as your key tool for financial management

Who This Book Is For

This book is for financers and accountants who are using Dynamics NAV as their ERP and financial management system. It will also help Dynamics NAV consultants and project managers of organizations who use the system for their daily work. Additionally, the book helps Dynamics NAV developers to understand the use of standard applications in organizations and helps them to develop improved features that are better integrated with existing ones.

Table of Contents

Chapter 1: The Sales and Purchase Process
Introducing Microsoft Dynamics NAV
Understanding master data
Pricing
Documents
Document workflows
Summary
Chapter 2: Managing Payments and Banks
Managing due dates
Using credit cards and other payment methods
Posting payments
Checking customer and vendor balances
Bank reconciliation
Summary
Chapter 3: Accounting Processes
Posting accounting transactions
Reporting taxes – VAT
Managing fixed assets
Inventory valuation
Closing the accounting year
Consolidating financial statements
Summary
Chapter 4: Reporting and Business Intelligence
Understanding dimensions
Using filters and flowfilters
Using reports
Displaying charts
Using account schedules
Analysis views
Business Intelligence with Excel and PowerPivot
Summary
Chapter 5: Foretelling – Budgeting and Cash Flow Management
Budgets
Cash flow management
Summary
Chapter 6: Financial Management Setup
Understanding posting groups
Setting up dimensions
Number series
General setup
Summary
Chapter 7: Other Financial Functionalities
Currencies
Intercompany postings
Accounting implications of other areas
XBRL
Summary

What You Will Learn

  • Learn about all the Dynamics NAV functionalities for financial management
  • Understand the sales and purchases processes including customers, vendors, pricing, and the document workflows
  • Manage due dates for receivables and payables and manage credit cards and other payment methods
  • Report taxes and post accrual entries or valuate your inventory
  • Learn the importance of dimensions for reporting and business intelligence purposes
  • Create budgets and manage cash flows
  • Set up an application to use custom charts of accounts or different VAT posting groups
  • Get an overview of the accounting implications of areas such as jobs, services, warehousing, and manufacturing

In Detail

Microsoft Dynamics NAV is an Enterprise Resource Planning (ERP) application used in all kinds of organizations around the world. An ERP helps to integrate internal and external management information across an entire organization. It provides a great variety of functionalities in different areas such as accounting, sales and purchases processing, logistics, and manufacturing.

Microsoft Dynamics NAV Financial Management explains all you need to know to successfully handle your daily financial management tasks. You will learn about functionalities such as the sales and purchase processes, payments, bank account management, reporting taxes, budgets, cash flow, fixed assets, inventory valuation, and business intelligence.

This book comprehensively walks you through all the financial management features inside Dynamics NAV following a logical schema. This book is focused on what’s most important to you, the functionalities of Dynamics NAV, and it covers all setup explanations in a single chapter.

You will gain in-depth knowledge about functionalities, including sales and purchase processes, pricing, document approval, payments, bank management, and accounting transactions. You will also learn about VAT reporting, fixed assets, inventory valuation, annual account closing, consolidation, reporting, and business intelligence.

By the end of this book, you will have also learned about budgets, cash flow management, currencies, intercompany postings, and accounting implications on areas such as jobs, services, warehousing, and manufacturing.

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