Book Image

Microsoft Dynamics NAV 2016 Financial Management - Second Edition

By : Anju Bala, Cristina Nicolas Lorente, Laura Nicolàs Lorente
Book Image

Microsoft Dynamics NAV 2016 Financial Management - Second Edition

By: Anju Bala, Cristina Nicolas Lorente, Laura Nicolàs Lorente

Overview of this book

Microsoft 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.
Table of Contents (15 chapters)
Microsoft Dynamics NAV 2016 Financial Management - Second Edition
Credits
About the Authors
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
5
Foretelling - Budgeting and Cash Flow Management

Deferrals


Deferrals are used to record revenues and expenses in periods other than the period where we have posted the transactions.

Setups that you are required to perform are as follows:

  • The main account setup for Deferral Account (Balance sheet) where deferred revenues are posted, when you post a sales invoice for services delivered over a span of multiple accounting periods. Refer to the following screenshot:

  • The deferral template setup is where you can define Deferral Account, No. of Periods, Calc.Meth..., Start Date, and so on as shown in the following screenshot:

  • Assign the deferral template to Resource, as follows:

  • Record the sales invoice and view the deferral transactions as follows: