Microsoft Dynamics NAV 2016 Financial Management - Second Edition

Anju Bala, Cristina Nicolas Lorente, Laura Nicolas Lorente

• Publisher: Packt Publishing
• Year: 2017
• ISBN:
  9781786469588
• Edition: 2
• Topic: Ciencia de la computación
• Subtopic: Aplicaciones empresariales

Master the world of financial management with Microsoft Dynamics NAV 2016About This Book• Familiarize yourself with Dynamics NAV and get up to date with the latest release – this is an invaluable tool for financial management• Learn how to use reporting tools that will help you to make the right decisions at the right time• Explore features inside the sale and purchase areas as well as functionalities including payments, budgets, cash flow, fixed assets, and business intelligenceWho This Book Is ForThis book will appeal to financers and accountants who are using Dynamics NAV as their ERP and financial management system. Dynamics NAV consultants and project managers will find it useful for their daily work.What You Will Learn• Handle complete business processes for purchases and sales in Dynamics NAV.• Use the banking features and the reconciliation process to gain greater insights into a company's financial status.• Report data in a meaningful way that provides the company with insightful analysis.• Set up dimensions and link them with master tables and journals.• Work with multi-currency and intercompany postings. Receive and send documents electronically.• Manage complete Fixed Asset by Setup, transactions, budgets, and Fixed Asset Reporting.In DetailMicrosoft Dynamics NAV is a global Enterprise Resource Planning (ERP) solution that provides small and mid-size businesses with greater control over their finances and a way to simplify their supply chain, manufacturing, and operations.Microsoft Dynamics NAV Financial Management explains all you need to know in order to successfully handle your daily financial management tasks. This book walks you through all the improvements in the latest release and shows you how to apply them in your workplace.You will learn about functionalities including sales and purchase processes, payments, bank account management, reporting taxes, budgets, cash flow, fixed assets, cost accounting, inventory valuation, workflows, sending and receiving electronic documents, and business intelligence. This book comprehensively covers all the financial management features inside the latest version of Dynamics NAV and follows a logical schema. By the time you're finished this book you will have learned about budgets, cash flow management, currencies, intercompany postings, and accounting implications in areas such as jobs, services, warehousing, and manufacturing.Style and approachThis book is an in-depth, practical tutorial demonstrating both the basic and more advanced concepts of financial management in Dynamics NAV.

Microsoft Dynamics NAV 2016 Financial Management - Second Edition

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Microsoft Dynamics NAV 2016 Financial Management - Second Edition

Copyright © 2017 Packt Publishing

All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.

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First published: October 2013

Second edition: January 2017

Production reference: 1301216

Published by Packt Publishing Ltd.

Livery Place

35 Livery Street

Birmingham

B3 2PB, UK.

ISBN 978-1-78646-949-6

www.packtpub.com

Credits

Authors Anju Bala Cristina Nicolàs Lorente Laura Nicolàs Lorente	Copy Editors Pranjali Chury Laxmi Subramanian
Reviewer Stefano Demiliani	Project Coordinator Vaidehi Sawant
Commissioning Editor Aaron Lazar	Proofreader Safis Editing
Acquisition Editor Chaitanya Nair	Indexer Tejal Daruwale Soni
Content Development Editor Rohit Singh	Graphics Jason Monteiro
Technical Editors Vibhuti Gawde Pratish Shetty	Production Coordinator Melwyn Dsa

About the Authors

Anju Bala is MCT/MCP/MCTS in Microsoft Dynamics NAV and AX. She is an ITIL Expert and Prince 2 certified as well. She has both business and technical skills and has been working with Dynamics NAV since 2010. She started in the ERP world as a trainer, but soon evolved the skill set of a complete Dynamics NAV professional, including all the tasks involved in Dynamics NAV implementation: consulting, analysis, development, implementation, training, and support to end users. Over the course of her Dynamics NAV career, Anju has often been designated as the primary person responsible for the success and failure of a Dynamics NAV implementation. Her extensive career in the Dynamics NAV business is evidence of her success rate and expertise. She specializes in Microsoft Dynamics NAV and Microsoft Dynamics AX. You can find out more about her and get in touch with her through her LinkedIn profile at https://in.linkedin.com/in/balaanju.

Cristina Nicolàs Lorente has been working with Dynamics NAV since 2005. She started in the ERP world as a developer, but soon evolved into a complete Dynamics NAV professional, doing all the tasks involved in Dynamics NAV implementation: consultancy, analysis, development, implementation, training, and support to end users.

When Cristina started developing solutions for Dynamics NAV she had no idea about accounting or any kind of business workflows. They don't teach those topics for a technical university career. Soon, she discovered that it is important to know the set of tools used, but even more important to understand the meaning of whatever you develop. Without knowing accounting rules, practices, and legal requirements, it is impossible to develop useful accounting functionalities even if you are the best developer. Only when you fully understand a company's processes, will you be able to do the appropriate developments. Having that in mind, she has taken courses in accounting, warehouse management, and operations management. She is also willing to take courses on any other company-related topics.

She thinks that the best way to learn is to teach what you are learning to someone else. She has actually learned almost everything she knows about Dynamics NAV by responding to user questions on Internet forums, by writing a blog about Dynamics NAV, and of course by writing the book you have in your hands. When you have to write about something, you have to experiment, try, investigate, and read. It is definitely the best way to learn. Cristina is also a coauthor of the book Implementing Microsoft Dynamics NAV 2013, which had really good comments coming from different Dynamics NAV experts.

I would like to thank Isabel, w...