Microsoft Dynamics NAV Financial Management [electronic resource].

Description based upon print version of record.

Cover; Copyright; Credits; About the Authors; Acknowledgments; About the Reviewers; www.PacktPub.com; Table of Contents; Preface; Chapter 1: The Sales and Purchase Process; Introducing Microsoft Dynamics NAV; Importance of Financial Management; Posted data cannot be modified (or deleted); No save button; Understanding master data; Customers; Items; Vendors, resources, and locations; Pricing; Defining sales prices; Defining sales discounts; Purchase pricing; Documents; Document workflows; Document approval; Summary; Chapter 2: Managing Payments and Banks; Managing due dates; Payment terms

PrepaymentsUsing credit cards and other payment methods; Posting payments; Suggest vendor payments; Creating and printing checks; Checking customer and vendor balances; Which invoice has been paid?; Bank reconciliation; Summary; Chapter 3: Accounting Processes; Posting accounting transactions; Standard journals; Recurring journals; Allocations; Reporting taxes -- VAT; VAT Settlement; VAT Statements; Managing fixed assets; Creating a fixed asset and posting its acquisition cost; Revaluating fixed assets; Calculating depreciation; Selling or disposing a fixed asset; Canceling fixed asset entries

Inventory valuationChoosing a costing method; Calculating item entries costs; Inbound entries; Outbound entries; Posting inventory valuation to the general ledger; Inventory valuation report; Closing the accounting year; Closing accounting periods; Running the Close Income Statement batch process; Restricting allowed posting dates; Posting transactions on a closed year; Consolidating financial statements; Performing consolidation; Consolidating on single database; Consolidating with different databases; Consolidating with other applications; Reporting over a consolidated company

Setting it upDefining business units; Translating chart of accounts; Summary; Chapter 4: Reporting and Business Intelligence; Understanding dimensions; Defining default dimensions on master data; Using dimensions on documents and journals; Using filters and flowfilters; Applying filters on pages; Applying flowfilters on pages; Creating views; Using reports; Displaying charts; Show as a chart option; Adding charts to the role center page; Using account schedules; Analysis views; Creating analysis views; Using analysis views; Analysis by dimensions

Analysis views as a source for account schedulesBusiness Intelligence with Excel and PowerPivot; Summary; Chapter 5: Foretelling -- Budgeting and Cash Flow Management; Budgets; Creating budgets; Using budgets; Cash flow management; Creating manual expenses and revenues; Cash flow management setup; Summary; Chapter 6: Financial Management Setup; Understanding posting groups; Specific posting groups; General posting groups; VAT Posting Groups; Setting up dimensions; Number series; General setup; Summary; Chapter 7: Other Financial Functionalities; Currencies; Intercompany postings

Accounting implications of other areas

This book is an in-depth, practical tutorial demonstrating both the essential basic concepts and the more advanced concepts of financial management in Dynamics NAV.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 exist.