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Microsoft Dynamics NAV 2016 Financial Management

You're reading from   Microsoft Dynamics NAV 2016 Financial Management Master the world of financial management with Microsoft Dynamics NAV 2016

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Product type Paperback
Published in Jan 2017
Publisher Packt
ISBN-13 9781786469496
Length 222 pages
Edition 2nd Edition
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Authors (3):
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 Bala Bala
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Bala
 Lorente Lorente
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Lorente
 Nicolàs Lorente Nicolàs Lorente
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Nicolàs Lorente
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Table of Contents (15) Chapters Close

Microsoft Dynamics NAV 2016 Financial Management - Second Edition
Credits
About the Authors
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
1. The Sales and Purchase Processes FREE CHAPTER 2. Managing Payments and Banks 3. Accounting Processes 4. Reporting and Business Intelligence 5. Foretelling - Budgeting and Cash Flow Management 6. Financial Management Setup 7. Other Financial Functionalities 8. Fixed Asset Setup and Transactions

What are fixed assets?


The Fixed Asset functionality in Microsoft Dynamics NAV provides an overview of your fixed assets and ensures correct periodic depreciation. It also enable you to keep track of your maintenance costs, manage insurance policies related to fixed assets, post fixed asset transactions, and generate various reports and statistics.

The following is the fixed asset process flow:

  1. Fixed Assets setup: For each fixed asset, you must set up a card containing information about the asset, such as a depreciation book, depreciation method, fixed asset posting group, maintenance information, and so on.

  2. Depreciation: You can set up multiple depreciation books to accommodate various kinds of depreciation. You can calculate either manual or automatic depreciation.

  3. Posting transactions: All posting in the Fixed Assets application area is done from journals. There are four different journals:

    • The FA G/L journal

    • The FA journal

    • The FA reclassification journal

    • The insurance journal

  4. Maintenance...

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