Microsoft Dynamics Nav

Finance

Microsoft Dynamics NAV 

Other Versions

Microsoft Dynamics NAV enables you to manage all common finance processes and information, such as posting financial transactions, preparing financial statements, managing bank accounts, inventory costs, manufacturing costs, and fixed assets.

When you create a new company, you must set up the chart of accounts and configure the posting processes. After the finance processes are configured, you can configure the sales and purchasing processes.

The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.

To	See
Set up the chart of accounts, currencies, bank accounts, and rules and defaults for managing financial transactions.	Configure Finance Processes
Create and adjust purchase invoices, post payments, and apply payments to invoices.	Manage Payables
Create sales invoices, post receipts, and apply receipts to invoices.	Manage Receivables
Manage purchase returns and supplier refunds.	Collect Supplier Refunds
Make sure revenues and expenses are recognized in the relevant accounting periods and not in the period in which the transaction is posted.	Defer Revenues and Expenses
Manage bank accounts.	Manage Cash
Understand the costs of running your business.	Manage Cost Accounting
Understand the flow of cash in and out of your company.	Manage Cash Flow Forecasts
Use intercompany documents and journals to minimize data entry when you post transactions between intercompany partners.	Manage Intercompany Transactions
Manage inventory and manufacturing costs, report costs, and reconcile costs with the general ledger.	Manage Inventory Costs
Acquire, maintain, insure, split, combine, revalue, depreciate, or dispose of fixed assets.	Manage Fixed Assets
Close an accounting period, register prior-year entries, and transfer balances from the income statement account to the balance sheet.	Close Years and Periods
Fill in and post general journals and recurring journals.	Work with General Journals