Book Image

Microsoft Dynamics NAV Financial Management

By : Cristina Nicolàs Lorente, Laura Nicolàs Lorente
Book Image

Microsoft Dynamics NAV Financial Management

By: Cristina Nicolàs Lorente, Laura Nicolàs Lorente

Overview of this book

<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>
Table of Contents (15 chapters)
Microsoft Dynamics NAV Financial Management
Credits
About the Authors
Acknowledgments
About the Reviewers
www.PacktPub.com
Preface
5
Foretelling – Budgeting and Cash Flow Management
Index

Acknowledgments

I would like to thank Isabel, who has supported me on this project. She has always believed in me and she has been pushing me to find the time invested on this book. Without her, this project would have been much more difficult than it turned out to be.

I would also like to thank Laura, my sister and colleague, the coauthor of this book, for being always positive about what you can reach with effort, discipline, and confidence of your own possibilities. She is the one who encouraged me to write this book.

A special thanks to Josep and Josep Maria. They have given me an opportunity to professionally evolve. They have always believed in me and have given me the needed confidence to take my own steps and responsibilities.

The final thanks goes to all my colleagues and customers, and also for all the people who helped me to learn by posting questions on the forums. You have all contributed to build the professional, I am today.

Laura Nicolàs Lorente started to work with Dynamics NAV back in 2005, first in the support department, mostly solving functional issues and doubts. She soon jumped to full deployment: consulting, analysis, development, implementation, migration, training, and support.

Right from the beginning she realized that it was very important for a Dynamics NAV consultant to have a deep knowledge of business workflows. Technical skills are just not enough. So she started to train herself accounting, taxation, supply chain, logistics, and so on. She discovered a whole new world and she found it very interesting.

After having enough consultancy experience, she got to manage the first project on her own. And then she realized that tech and business knowledge is not enough: she also needed management skills. This is why after reading different management books and trying different approaches on the projects she worked on, she decided to deepen her knowledge by taking a Masters in Project Management. She is now transitioning to Agile Management and Agile Development for better project success.

She continues her training in the three areas (tech, business workflows, and management) whenever she gets the chance.

The net is a huge source of inspiration for her: groups, forums, blogs, books, and so on. She also contributes by sharing her knowledge and experience with the Spanish Dynamics NAV community.

Laura is also co-author of the book Implementing Microsoft Dynamics NAV 2013, which had really good comments coming from different Dynamics NAV experts.

I would like to dedicate this book to Roc and Quim, my twin sons that were born while writing this book. Being a mum has changed me and my life, and I am really happy with it. A new life starts from now on. I hope I will be able to teach them the values I learned from my parents, that made me be the person I am.

I also want to dedicate it to Rosa, my wife, who gave birth to such beautiful babies. She is the pillar onto which I hold, and the person that gives me the energy I need to keep going.

I would like to thank Cristina. She is my sister, my friend, and my colleague. We both wrote this book and had a great time together while writing and learning. I wish us many successful projects together, now and in the future.

Also thanks to my family, friends, colleagues, managers, and customers who helped me grow. And a special recognition to my forum and blog followers for their comments. It is nice to know that you are helping people and that they thank you for that.