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Microsoft Dynamics NAV 2016 Financial Management - Second Edition

You're reading from  Microsoft Dynamics NAV 2016 Financial Management - Second Edition

Product type Book
Published in Jan 2017
Publisher Packt
ISBN-13 9781786469496
Pages 222 pages
Edition 2nd Edition
Languages
Authors (3):
Anju Bala Anju Bala
Profile icon Anju Bala
Cristina Nicolas Lorente Cristina Nicolas Lorente
Profile icon Cristina Nicolas Lorente
Laura Nicolàs Lorente Laura Nicolàs Lorente
Profile icon Laura Nicolàs Lorente
View More author details

Table of Contents (15) Chapters

Microsoft Dynamics NAV 2016 Financial Management - Second Edition
Credits
About the Authors
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
1. The Sales and Purchase Processes 2. Managing Payments and Banks 3. Accounting Processes 4. Reporting and Business Intelligence 5. Foretelling - Budgeting and Cash Flow Management 6. Financial Management Setup 7. Other Financial Functionalities 8. Fixed Asset Setup and Transactions

Customer balances


The balance is the total amount a customer owes you or you owe to a vendor. Customer and vendor balances can be seen on their card through a field called Balance (LCY). LCY stands for Local Currency. This means that, regardless of the currency used, amounts are always translated to your local currency.

To learn the details of the balance amount, you can click on the amount and the corresponding ledger entries will be shown. This can be seen in the following screenshot:

As you can see, customer 20000, Selangorian Ltd. has seven pending invoices. Two of them are already due (they are shown in red) and invoice 00-8 has been partially paid (note that the remaining amount is lower than the original amount).

Which invoice has been paid?

Customer 20000, Selangorian Ltd. has had many other transactions in the past. In the previous screenshot, we just viewed open transactions, but we can see them all by going back to the card and clicking on Ledger Entries in the Navigate tab.

To see...

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