What's New
Microsoft Dynamics NAV provides enhancements for the United States in addition to the global enhancements.
New and Changed Features in the United States Version of Microsoft Dynamics NAV
New and changed features | Description | See |
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Electronic payments in ACH and IAT formats |
Microsoft Dynamics NAV can export payment files to banks in the Automated Clearing House (ACH) format and in the International ACH Transaction (IAT) format. |
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IRS 1099 reports |
Vendor information must be submitted electronically to the IRS. The Vendor 1099 Magnetic Media report has been updated according to the IRS requirements in Publication 1220. |
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SEPA credit transfer |
In addition to existing payment standards, you can now pay vendors according to the SEPA payment standard. Before you can export a SEPA vendor payment, you must select a payment format in the Payment Export Format field in the Bank Account Card window. |
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Options for Bank Account Reconciliation |
You can choose between the following different sets of functionality for bank account reconciliation:
You select which functionality to use by changing the Bank Recon. with Auto. Match check box in the General Ledger Setup window. ![]()
In new installations of Microsoft Dynamics NAV, the Bank Recon. with Auto. Match check box is selected by default, meaning that the Bank Acc. Reconciliation page is enabled. In existing upgraded installations of Microsoft Dynamics NAV, the Bank Recon. with Auto. Match check box is empty by default, meaning that the Bank Rec. Worksheet page is enabled.
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If you have non-posted bank reconciliations in the existing, North American functionality, and you plan to shift to using the new, global functionality, then you must make sure the reconciliations are first posted or removed.
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See Also
Other Resources
Getting Started
Working with Microsoft Dynamics NAV
What's New: Developer and IT Pro Changes
What's New: Application Changes