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Dynamics NAV (Navision) - Consumption Note

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 ”Internal consumption”. Read more

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 the counted quantities are compared with recorded quantities. If there are any differences, some regulation in the recorded systems is needed. Read more