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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

Accounting implications of other areas


In this book, we saw the financial management of Dynamics NAV and also the accounting implication the sales and the purchase areas have. Other functional areas such as jobs, service, warehouse, or manufacturing also have some kind of accounting implications that will be briefly explained in this section.

Jobs

The Job functional area is meant to manage projects and perform tasks such as configuring the job, scheduling resources, monitor progress, and so on.

This area has two kinds of accounting implications, which are as follows:

  • It can create sales invoices. The accounting implication of those sales invoices are the same as regular sales invoices.

  • Work in Process (WIP) can be calculated and posted to the general ledger. Multiple WIP methods can be configured to calculate WIP for a specific job.

Service

The Service functional area is meant to manage post-sale services and maintain a record of customers.

Within this area, service invoices can be created and...

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