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

Setting up insurance information


You should set up general information about an insurance policy on the insurance card. You can create one insurance card for each insurance policy.

The Fixed Asset Setup page

In the Fixed Assets Setup window, you set up general information about your fixed asset insurance.

To set up general information about a fixed asset insurance, go to Departments | Financial Management | Fixed Assets | FA Setup.

Insurance types

In Microsoft Dynamics NAV 2016, you can group insurance policies into insurance types, for example, theft or fire insurance.

To set up the insurance types, go to Departments | Financial Management | Fixed Assets | Insurance Types.

Insurance card

You should create an insurance card for each insurance policy related to fixed assets. On the insurance card, you specify general information about the insurance policy:

  1. To set up a new insurance policy, in the navigation pane go to Departments | Financial Management|Fixed Assets | Insurance.

  2. Click on New to...