Finance - Dynamics NAV App - Microsoft Docs

In this article. See Also. Microsoft Dynamics NAV includes a standard configuration of most financial processes, but you can change the ... Skiptomaincontent Thisbrowserisnolongersupported. UpgradetoMicrosoftEdgetotakeadvantageofthelatestfeatures,securityupdates,andtechnicalsupport. DownloadMicrosoftEdge Moreinfo Tableofcontents Exitfocusmode ReadinEnglish Save Tableofcontents ReadinEnglish Save Edit Twitter LinkedIn Facebook Email Tableofcontents Finance Article 05/03/2022 2minutestoread 3contributors Isthispagehelpful? Yes No Anyadditionalfeedback? FeedbackwillbesenttoMicrosoft:Bypressingthesubmitbutton,yourfeedbackwillbeusedtoimproveMicrosoftproductsandservices.Privacypolicy. Submit Thankyou. Inthisarticle MicrosoftDynamicsNAVincludesastandardconfigurationofmostfinancialprocesses,butyoucanchangetheconfigurationtosuityourbusiness.Formoreinformation,seeSettingUpFinance. Thedefaultconfigurationincludesachartofaccountsandstandardpostinggroupsthatmaketheprocessofassigningdefaultgeneralledgerpostingaccountstocustomers,vendors,anditemsmoreefficient. Thefollowingtabledescribesasequenceoftasks,withlinkstothetopicsthatdescribethem. To See Applyincomingpayments,reconcilebankaccountsduringpaymentapplication,andcollectoutstandingbalances. ManagingReceivables Makepayments,applyoutgoingpayments,andworkwithchecks. ManagingPayables Makeyourcustomerssubmitpaymentbeforeyoushiptothem,orsubmitpaymenttoyourvendorsbeforetheyshiptoyou. InvoicingPrepayments Reconcilebankaccountsandtransferfundsbetweenbankaccounts. ManagingBankAccounts Setupintercompanypartnersandprocesstransactions,manuallyorautomatically,betweenlegalentitieswithinthesamecompany. ManagingIntercompanyTransactions Analyzethecostsofrunningyourbusinessbyallocatingactualandbudgetedcostsofoperations,departments,products,andprojectstocostcenters. AccountingforCosts Manageinventoryandmanufacturingcosts,reportcosts,andreconcilecostswiththegeneralledger. ManagingInventoryCosts Understandthegeneralledgerandthechartofaccounts. UnderstandingtheGeneralLedgerandtheCOA Adddimensionsforricherbusinessintelligence. WorkingwithDimensions Createbudgetstoforecastdifferentfinancialactivitiesandassigndimensionsforbusinessintelligencepurposes. Howto:CreateBudgets Recordincomeorexpensesdirectlyinthegeneralledgerwithoutpostingdedicatedbusinessdocuments. Howto:PostTransactionsDirectlytotheGeneralLedger Postreversingentriestoundovaluepostingsinthegeneraljournalorquantitypostingsonpurchaseandsalesdocuments. Howto:ReversePostings Allocateanentryinageneraljournaltoseveraldifferentaccountswhenyoupostthejournal. Howto:AllocateCostsandIncome Assignextracosts,suchasfreightandphysicalhandlingthatyouincurduringtrade,totheinvolveditemssothatthecostisreflectedininventoryvaluation. Howto:UseItemChargestoAccountforAdditionalTradeCosts Postemployees'personalexpensesforbusiness-relatedactivitiesandreimburseemployeesbymakingpaymenttotheirbankaccount. Howto:RecordandReimburseEmployees'Expenses Recognizerevenuesandexpensesinotherperiodsthanwhenthetransactionswereposted. Howto:DeferRevenuesandExpenses Learnhowtouseadditionalcurrenciesandupdatecurrencyexchangeratesautomatically. Howto:UpdateCurrencyExchangeRates Importsalarytransactionsfromyourpayrollproviderintothegeneralledger. Howto:ImportPayrollTransactions Monitortheflowofcashinandoutofyourbusiness. AnalyzingCashFlowsinYourCompany WorkwithfinancialstatementsandoverviewsinExcel. AnalyzingFinancialStatementsinExcel Preparetocloseafiscalyearorperiod. ClosingYearsandPeriods PrepareareportthatlistsVATfromsales,andsubmitthereporttotaxauthoritiesintheEU. Howto:ReportVATtoTaxAuthorities SeeAlso Dynamics365BusinessCentral SettingUpFinance Sales Purchasing ClosingFiscalPeriods ManagingProjects ImportingfromOtherFinanceSystems WorkingwithGeneralJournals WorkingwithDynamicsNAV Inthisarticle