Microsoft Dynamics NAV
Financials
FINANCIAL MANAGEMENT IN MICROSOFT DYNAMICS NAV
Frees You to Focus on Your Business
In 1494, the Italian monk Luca Pacioli wrote the world's first book on accounting in order to "give the trader, without delay, information as to his assets and liabilities." Five hundred years later, fast and easy access to bottom-line information is still what you need to run your business.
Today, however, the increased pace of business has intensified the need for efficient financial management even more. Therefore, the last thing you need is a business solution that slows down operations by placing new demands on your organization.
Far from inhibiting work, Microsoft Dynamics NAV, formerly Microsoft® Business Solutions-Navision®, adapts and evolves to match the way in which your business operates. It helps you discover opportunities and motivates users to do more and to learn more.
Free to Grow
When change is required in your organization, Microsoft Dynamics NAV makes the transition smoother. It adapts and evolves to match the way your business operates.
You can customize the design within minutes by changing the appearance of forms, adding additional fields and tables, and creating user-specific menus.
You can automate many of your financial practices and procedures according to your needs. You define the level of control that you want by setting up business rules. For example, you can specify payment terms and discounts for individual customers and vendors.
Furthermore, you can handle the full range of legal requirements and currency issues inherent in international trade, including euro business. You can operate and report to authorities in the currencies of your choice.
Free to Discover
Microsoft Dynamics NAV makes it easy to access the financial information you need to spot trends and gain insight into your business activities. You capitalize on your knowledge of how your business works by discovering opportunities, which otherwise might have been difficult to identify.
You can examine individual transactions and information about particular events quickly and easily. You can drill down on the fly to investigate a specific amount, or you can use highly specific filtering criteria to find exactly the information you need.
See All the Angles
The Dimensions feature enables you to view information in a more sophisticated way. You tag general ledger and budget entries with company-specific dimensions, which help you get more out of your data. You can use dimensions to:
- Monitor performance
- Investigate relationships
- Take advantage of trends
Dimensions help you get the most out of your information. The possibilities are endless because it's easy to add new dimensions, and there's no limit to how many you can add.
Microsoft Dynamics NAV also takes the complications out of foreign trade and opens your eyes to the opportunities available in new markets. Each customer or vendor gets the level of service you want to offer. You can receive and make payments in any currency (regardless of the currency normally used for a particular customer or vendor).
Free to Do More
Microsoft Dynamics NAV offers you much more than just accounting tools. It helps you understand what figures represent, and it makes it easy for you to see the activities from which the numbers originated. Microsoft Dynamics NAV stimulates your curiosity and makes your work more inspiring.
You delve deeper into your work because the information you want is at your disposal and access to it is straightforward. You can drill down to information quickly and set filters easily. Microsoft Dynamics NAV encourages you to look further than account balances.
Account schedules allow you to use the data in your general ledger to help drive your business. You can use a range of predefined reports or your own customized company-specific reports. The financial information generated in this way can then be presented on a Web browser or distributed by e-mail, so that managers and employees, network partners, and investors can stay informed about your company's activities.
For more information about Financial Management in Microsoft Dynamics NAV, visit: www.microsoft.com/dynamics/nav
RECEIVABLES
Credit and collection activities don't have to be difficult or labor intensive. With
Receivables in Microsoft DynamicsTM NAV, you can tightly manage customer accounts
with credit limits and review dates, define collections criteria and payment terms on a
customer-by-customer basis, initiate and track prepayments, and match receipts to
invoices automatically to eliminate errors and improve processing consistency.
PAYABLES
Financial success in business is not just about paying bills-it is about protecting your
profitability. Payables in Microsoft DynamicsTM NAV can provide your business with
streamlined, end-to-end cash management services. Timely and accurate information
about cash flow and discount opportunities can help you maximize your organization's
purchasing power while automated calculations and support for prepayments help
drive efficiency. With robust vendor account functionality, including intercompany
invoice posting, you can also make payments to comply with vendor terms,
strengthening critical business relationships.
GENERAL LEDGER
General Ledger gives you flexible options and tools for setting up a company and
posting for charts of accounts, general journals, value-added tax (VAT) facilities,
recurring journals, and source codes. You can customize your general ledger to
include support for intercompany transactions and interfund accounting, as well as
organize financial operations by company and consolidate different charts of accounts
into one merged or parent company. With General Ledger you have the flexibility
and control to help ensure that your financial operations are precise, efficient, and
transparent.
FIXED ASSETS
Maintain complete records of all your asset information in a structure that makes
sense for your business with Fixed Assets in Microsoft DynamicsTM NAV. This fully
integrated solution equips you to accurately record, track, depreciate, and dispose of
your company's assets with minimal effort and maximum flexibility. You can view and
analyze the current status of your fixed assets in real time, including costs, depreciations,
and asset transactions. You can also automate depreciation calculations and other
standard operations to streamline accounting procedures. A home page that groups
the tasks and information asset managers need most makes it fast and easy to
perform common tasks and access critical data.
MULTICURRENCY
With Multicurrency in Microsoft Dynamics NAV, you can define an unlimited number
of currencies, track exchange rates, manage entire accounts, and report on financial
health in the currency of your choice. Conduct business smoothly across borders to
strengthen customer and partner relationships and grow your business.
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