In this chapter, we will learn how Microsoft Dynamics NAV fits a consultancy company. Most consultancy companies have project-related processes. They take on larger projects that take a certain time to complete. Some consultancy companies also purchase and sell items.
For the projects, the consultancy company needs to keep track of used resources and items. Sometimes they can invoice the resource hours they spend one-on-one but most of the time they will also take a risk in doing fixed price projects. In this case, it is even more important to know if the project was budgeted well and ensure money is not lost on the way.
There are many types of companies working this way. Examples are accountancy firms and lawyers, but also many companies in the construction business work like this.
For this chapter, we will use an example, a company we are all very familiar with, either because of working as an employee, a customer, or maybe even an owner. We will look...