Book Image

Implementing Microsoft Dynamics NAV - Third Edition

By : Alex Chow
Book Image

Implementing Microsoft Dynamics NAV - Third Edition

By: Alex Chow

Overview of this book

Microsoft Dynamics NAV 2016 is an Enterprise Resource Planning (ERP) application used in all kinds of organizations around the world. It provides a great variety of functionality out-of-the-box in different topics such as accounting, sales, purchase processing, logistics, or manufacturing. It also allows companies to grow the application by customizing the solution to meet specific requirements. This book is a hands-on tutorial on working with a real Dynamics NAV implementation. You will learn about the team from your Microsoft Dynamics NAV partner as well as the team within the customer’s company. This book provides an insight into the different tools available to migrate data from the client’s legacy system into Microsoft Dynamics NAV. If you are already live with Microsoft Dynamics NAV, this books talks about upgrades and what to expect from them. We’ll also show you how to implement additional or expanding functionalities within your existing Microsoft Dynamics NAV installation, perform data analysis, debug error messages, and implement free third-party add-ons to your existing installation. This book will empower you with all the skills and knowledge you need for a successful implementation.
Table of Contents (19 chapters)
Implementing Microsoft Dynamics NAV Third Edition
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface
Index

Open entries


Open entries are transactions that haven't reached their final status yet, and are not included in the Open documents section. You can only post open entries when the corresponding master data is already imported. In a common scenario, the open entries include:

  • Customer entries: It means all the money each customer owes on the day of the migration; basically, accounts receivable

  • Vendor entries: It means all the money the company owes to each of their vendors on the day of the migration; basically, accounts payable

  • Bank entries: It means the money the company has in each bank account

  • Item entries: It means the stock the company has in each location on the day of the migration

  • Accounting balances: It means the balance that each account has on the day of the migration

  • Fixed asset entries: It means all the company's assets with their initial cost and the amount depreciated, as on the day of the migration

All these entries must be posted through their corresponding journal and must...