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Inventory internal consumption in Dynamics NAV (Navision)

Inventory internal consumption in Dynamics NAV (Navision) Companies use their inventory mainly for production – as raw materials, or for distribution as merchandise. But there is also inventory consumption for various internal needs, such as consumption for spare parts or fuel. For this type of inventory consumption  Microsoft Dynamics NAV (Navision) has a functionality called […]

Kampen Machinefabriek has improved efficiency with Dynamics 365 Business Central

Kampen Machinefabriek has improved  efficiency with Dynamics 365 Business Central Kampen Machinefabriek is a Dutch company working in the oil, gas, and construction drilling market. For about 30 years, it manufactures downhole tools and repairs customers’ existing drilling tools. Kampen Machinefabriek prides with its top-quality customer service and quick response time to customers’ demands and […]

General Ledger Registers in Dynamics NAV (Navision)

General Ledger Registers in Dynamics NAV (Navision) One of the reasons for which companies choose to implement an ERP system is the fact that an ERP provides enhanced traceability for transactions recorded. Traceability means to know when a transaction has been made, where it was recorded, by whom, what kind of consequences generated etc. In […]

Dynamics NAV (Navision) – accounting posting period

Dynamics NAV (Navision) – accounting posting period Every accounting software must have a mechanism to control the time interval when transaction recording is permitted. In many applications there is a procedure who ”closes” the recording period – usually a month, and the users can no longer  post transaction unless the period is ”reopened”. ERP Microsoft […]

Price policies in Dynamics NAV (Navision)

Price policies in Dynamics NAV (Navision) Companies activating on price sensitive markets –  and that includes almost all the markets, must use different prices for different customers, according to sales volume or the special character of each vendor-customer relationship. There are always big customers or strategic customers to whom special prices must be granted, not […]

Dynamics NAV (Navision) – sales quotes and sales orders archiving

Dynamics NAV (Navision) – sales quotes and sales orders archiving Business companies’ activities involve a continuous flow of trade documents and among them quotes and orders have a special position in fulfilling current operations. Although there are no legal requirements regarding storage into the business applications of quotes and orders, as it is the case […]

Dynamics NAV (Navision) – export vendor payments to the bank

Dynamics NAV (Navision) – export vendor payments to the bank Microsoft Dynamics NAV (Navision) provides for the companies functionalities which allow an optimum management of financial flows. One of them makes possible to create automatic payments of the vendors, payments which can be transmitted electronically to the company’s bank. For this purpose, it is used […]

Physical inventory in Dynamics NAV (Navision)

Physical inventory in Dynamics NAV (Navision) Romanian accounting regulations specify that a company must, at least yearly, make an evaluation of active and passive elements, which is usually performed at the end of the fiscal year. Within active elements, the stocks require most effort. First, there is a physical determination of existing quantities, and then […]