Finance Module - Navision Planet

Finace Module act as the center point of all the modules available with Microsoft ERP - Business Central or Navision. Sub Modules are General Ledger ... SkiptomaincontentSkiptosecondarymenuSkiptoprimarysidebarSkiptofooterTableofContentsFinanceGeneralLedgerCashManagementCostAccountingPayablesReceivablesFixedAssetInventoryFinanceFinaceModuleactasthecenterpointofallthemodulesavailablewithMicrosoftERP–BusinessCentralorNavision.FollowingimageshowstheFinancemoduleexploredformatinBusinessCentralproduct.FinanceModule–inBusinessCentralAsyoucansee,Microsoftadoptedallthefeaturesavailablewitholderversionandaddednewfunctionalityasandwhenreleased.Asaresultrightnowitshavinglotsfeatures.FinancemodulehelpsustoworksystematicallyandcarryoutactionsinsuchawaythatwhatallworksgoingthroughBusinessCentral/Navisionwilldirectlyorindirectlyreflectsinthismodule.Thatmeanswecantakeasimpleexampleofpurchasingofrawmaterials.Wewillraiseapurchaseorderforthematerialandaccordingtoourneedsandthevendorwilldeliverthegoods.WillacceptsthegoodsbyraisingaGRN(GoodsReceiptNote).Finallywehavetopaythevendorwhoprovideuswiththegoods.Forthatthenextstepistoraiseapurchaseinvoice,wherethevaluegetsupdatedinourbooksandthevendorbook.Bylookingthesetwodetailswecancometoaconclusionthathowmuchgoodsareboughteachtimeandwhatpaymentwehavetoreturnforthesame.Takingallthesethingsintoaspectonlywearecalculatingourcompany’sororganizationsProfit/Loss.BusinessCentral/NAV/Navisiondealswiththisinmosteffectiveway.AnycompanyorOrganizationscanrelayonMicrosoftDyanamicsNAV(Navision).ItcanbedescribedasacompleteERPkitforanyfirm.Asyoucanseetheabowpicturetherearebasically8submodulesavailableunderfinancemodule.GeneralLedgerCashManagementCostAccountingPayablesReceivablesFixedAssetInventorySetupGeneralLedgerGeneralledgersubmoduleactasthecoremoduletohandlestheaccounts.AccordingtoFinance/accountancylanguagetherearekeypointslikeaccounts,creditamounts,anddebitamounts.Thislanguageismanagedthroughaccountingprinciple(GAAP).BusinessCentral/DynamicsNAV(Navision)hasimplementedtheserulesusingpostinggroupsavailablebuiltinsothesystemcantranslateeverythingtoanaccountinglanguageandpostittothegeneralledgerentries(G/LEntries)automatically.Undergeneralledgersubmodulefurtherdividedinto11submodules/functionalities.ChartOfAccountsG/LBudgetsAccountSchedulesAnalysisbyDimensionsVATIntercompanyConsolidationJournalsRegister/EntriesReportsSetupCashManagementThissubmoduleisusedforhandlingCompaniesBankAccounts.Alsousedtohandlepaymentsreceivedfromcustomers,paymentstovendors,andbankreconciliation.FollowingarethesubmodulesavailablewithCashManagementBankAccountsReceivables-PayablesPaymentRegistrationCashFlowReconciliationJournalsLedgerEntriesReportsSetupCostAccountingCostaccountingcanhelpyouunderstandthecostsofrunningabusiness.Incostaccounting,youallocateactualandbudgetedcostsofoperations,departments,products,andprojectstoanalysetheprofitabilityofyourcompany.FollowingsubmodulesavailableonCostAccounting.ChartofCostCentersChartofCostObjectsChartofCostTypesCostAllocationsCostBudgetsCostJournalsRegistersReportsSetupPayablesPayablemoduleisusedtohandlealltheVendors,PurchasetransactionPayments,IntercompanyProcessIncomingdocuments,Registers,PayableJournalsandmore.FollowingarethesubmodulesavailablewithPayablesmoduleVendorsPurchaseInvoicesPurchaseCreditMemosIncomingDocumentsJournalsPostedDocumentsRegisters/EntriesReportsSetupReceivablesReceivablesmoduleusedtohandleanythingrelatedtoCustomersCashtransactions,Fin.ChargeMemos,ReceivablesJournalsandmore.FollowingaresubmodulesCustomersSalesInvoicesSalesCreditMemosDirectDebitCollectionsCreateRecurringSalesInvoicesRegisterCustomerPaymentsCombineReminder/Fin.ChargeMemosJournalsPostedDocumentsRegisters/EntriesReportsSetupFixedAssetTheFixedAssetsfunctionalityisusedtomanageacompany’sassets,theircostanddepreciation,andalsoit’srelatedtomaintenanceandinsurances.FixedAssetsInsuranceCalculateDepreciationIndexFixedAssetsIndexInsuranceJournalsReportsRegisters/EntriesSetupInventoryInventoryModulehandleseverythingrelatedtoInventoryperiodscreation,physicalInventory,Applicationworksheet,costingandmore.Followingarethelistofsub-modulesexistunderthisInventoryPeriodsOpenPhysicalInventoryCountingPeriodsApplicationWorksheetCostingJournalsReportsSetupAboutJUBELTHOMASReaderInteractionsLeaveaReplyCancelreplyYouremailaddresswillnotbepublished.Requiredfieldsaremarked*Comment*Name*Email*WebsitePrimarySidebarSearchthesite...SubscribeEmailFacebookTwitterOurTopicsAdministrationAnalysisReportsBusinessCentralDeveloperToolkitDockerDynamicsNAVBetaDownloadDynamicsNAVReleaseErrorMessageFinanceModuleGSTHumanResourceLoginErrorLSRetailLSRetail2013ManufacturingModuleMicrosoftCertifiedTrainers(MCTs)MicrosoftDynamicsBusinessCentralMicrosoftDynamicsNAV2009MicrosoftDynamicsNAV2013MicrosoftDynamicsNAV2015MicrosoftDynamicsNAV2017MicrosoftDynamicsNAV2018MSDyn365BCNAV2016NavisionCertificationNavisionDeveloperNavisionIntroductionNavisionModulesNavisionRetailNavisionTipsAndTricksPowershellPurchaseOrderSalesModuleSQLServerUsefulSitesVisualStudioCodeWarehouseModuleFooterRecentPostNAVISIONHISTORYDynamicsNAVVersionsListBusinessCentralCompleteVersionListandDirectDownloadSearchSearchthesite...Contact:[email protected] for MicrosoftDynamicsNAV(Navision)andLSRetail DevelopmentorFunctionalsupportforanymodules EditorsNewsLetterNewMicrosoftDynamicsNAVTechnicalBlogopenedtheNavisionPlanetTeamMIBUTECHhttps://www.mibutech.blogspot.com