At the beginning of April, Microsoft launched a new version of Dynamics 365 Business Central, available in cloud and on-premises. This new version brings, aside some technical improvements, a bunch of functionalities which will be surely appreciated by users. We will mention, briefly, the most important ones.
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) traceability is secured by using ”General Ledgers Registers” – a table which logs each transaction. Read more
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 Dynamics NAV also has such a mechanism which limits operating errors but is flexible enough to ease user’s job. In order to control the interval for posting, we can define a posting interval available for everybody, or we can setup customized intervals at the user level.
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 a special journal named “Payment Journal”. It can be accessed in Dynamics NAV using the following path: Departments->Financial Management->Cash Management->Payment Journals Read more
Financial management of a company requires, beyond information provided by financial accounting, information specific to the business of the company. For this purpose companies implement what is called cost accounting – tracing costs (and revenues) associated to products, processes, projects etc.
Microsoft Dynamics NAV (Navision) provide in its Fixed Assets Module a full tracing of any operation related to fixed assets: acquisition, depreciation, disposal, appreciation and write-down etc.
Microsoft Dynamics NAV (Navision) allows out of the box transactions in foreign currencies for customers, vendors and bank accounts and provides reporting in both local and foreign currency. Read more
ERP Microsoft Dynamics NAV provides for the management a functionality called ”Account Schedules”, in order to obtain synthetic financial information. Account Schedules, using amounts from the chart of accounts, allow drafting financial reports such as: balance sheet, profit and loss, cash-flow, profitability performance indicators etc.
In Microsoft Dynamics NAV (Navision) posting groups make the connection between accounting module and operational modules (sales, purchase, inventory, manufacturing, service etc.). Through posting groups, when one post a transaction the amounts are recorded in General Ledger and the user does not have to know the G/L Accounts involved in the transaction. Read more
Kepler announces the availability of the Dynamics NAV 2015 Romanian Localization, including translated user interface and local features as required by accountants and Romanian legislation.
We have everything in place to help you start rapidly with new 2015 version and to enjoy all the features Microsoft put together in this exceptional release.
There are also some very compelling promotions offered by Microsoft for a limited time, so don’t hesitate to call or e-mail us today to speak with one of our consultants about how Kepler and Dynamics NAV can empower your business people to do more.