Finance
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.
| To | See |
|---|---|
| Apply incoming payments, reconcile bank accounts during payment application, and collect outstanding balances. | Managing Receivables |
| Make payments, apply outgoing payments, and work with checks. | Managing Payables |
| Make your customers submit payment before you ship to them, or submit payment to your vendors before they ship to you. | Invoicing Prepayments |
| 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 |
| Analyse the costs of running your business by allocating actual and budgeted costs of operations, departments, products, and projects to cost centres. | 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 |
| Recognise 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. | Analysing 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 |
See Also
Setting Up Finance
Sales
Purchasing
Closing Fiscal Periods
Managing Projects
Importing from Other Finance Systems
Working with General Journals
Working with Dynamics NAV