Microsoft Dynamics NAV | Financial Management

Financial Management

Microsoft Dynamics NAV ERP system offers a complete general ledger solution that provides finance and accounting solutions for tracking and analyzing all your company’s financial information. 

With end-to-end integration, administration of all financial tasks such as creating and maintaining a general ledger; managing analytical accounting, inventory, cash flow, manufacturing costs, bank accounts, and fixed assets; as well as posting transactions; preparing financial statements; and reconciling accounts and collections across multiple companies, locations, and currencies is easily managed.

Other financial management features of Microsoft Dynamics NAV designed to enhance manufacturing capabilities include

FlowFields, which updates and recalculates continually to ensure that users receive up-to-the-moment financial data;

Cash Manager, a bank account management system that allows users to create and modify bank accounts, transfer funds between bank accounts, and also automates the complete check-writing process;

Lookup Buttons that can be used to get direct access to information in a table format eliminating the need for any data re-entry;

Payables and Receivables, which allows users to define payment terms, payment methods, discount periods, and finance charge terms;

Security features that allow management to specify who can view what information using record-level security;

Traceability, which ensures that all transactions have an unmitigated audit trail, creating complete transparency; and

Fixed Assets that defines particulars for an asset or group assets from acquisition to disposal and also reports the required depreciation conditions.