Posts related to the Finance functionality in Microsoft Dynamics NAV, things like dimensions, posting groups, inventory costing, etc..
The dimensions involved in posting production orders are a bit interesting. It is interesting since there is a slight difference between on how they behave compared to other parts of Microsoft Dynamics NAV (like the sales and purchase orders). It can be argued what is right and wrong, but knowing how it works in standard Dynamics NAV is requirement for setting a system that is easy to work with and provides correct reportable and understandable data. As an example; if you have default dimensions on the items and set them up with the ‘Value Posting’ equal to ‘Same Code’ and...
The item charge functionality in Dynamics NAV gives you the option to include additional costs such as freight, insurance, fuel charges, etc. in the unit cost or unit price of an item transaction. Item charges are something that most companies that handles any type of inventory would benefit from using. When implementing item charges there are a couple of things to be aware of. (more…)
Dynamics NAV has an ‘Inventory Value Zero’ field in the item table that is not visible on the page (for some unknown reason). Adding it to the page allows you to have items with no inventory values, this is useful if you managing inventory on the behalf of someone else or if you want to keep track of material that you have expensed (like packaging materials, etc..). (more…)
Can Dynamics NAV handle statistical (unit) accounts in the General Ledger? Yes, it can! Although there is nothing in Dynamics NAV called statistical accounts, so the main thing is to make sure you are not mixing them into the regular g/l accounts. (more…)
Dimensions are great in Dynamics NAV and one of the things that makes it great is that you can control the required dimensions for each type of posting into the general ledger by setting dimensions as mandatory on the general ledger accounts. Most people that work with Dynamics NAV knows this. But surprisingly many people does not know that you can also specify what dimensions that are mandatory for each account type by using the ‘Account Type Default Dimension’ setup. (more…)
