<p>Microsoft Dynamics NAV is an Enterprise Resource Planning (ERP) application used in all kinds of organizations around the world. An ERP helps to integrate internal and external management information across an entire organization. It provides a great variety of functionalities in different areas such as accounting, sales and purchases processing, logistics, and manufacturing.</p> <p>Microsoft Dynamics NAV Financial Management explains all you need to know to successfully handle your daily financial management tasks. You will learn about functionalities such as the sales and purchase processes, payments, bank account management, reporting taxes, budgets, cash flow, fixed assets, inventory valuation, and business intelligence.</p> <p>This book comprehensively walks you through all the financial management features inside Dynamics NAV following a logical schema. This book is focused on what’s most important to you, the functionalities of Dynamics NAV, and it covers all setup explanations in a single chapter.</p> <p>You will gain in-depth knowledge about functionalities, including sales and purchase processes, pricing, document approval, payments, bank management, and accounting transactions. You will also learn about VAT reporting, fixed assets, inventory valuation, annual account closing, consolidation, reporting, and business intelligence.</p> <p>By the end of this book, you will have also learned about budgets, cash flow management, currencies, intercompany postings, and accounting implications on areas such as jobs, services, warehousing, and manufacturing.</p>