Microsoft Dynamics NAV enables you to manage all common finance processes and information, such as posting financial transactions, preparing financial statements, managing bank accounts, inventory costs, manufacturing costs, and fixed assets.

When you create a new company, you must set up the chart of accounts and configure the posting processes. After the finance processes are configured, you can configure the sales and purchasing processes.

The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.

To See

Set up the chart of accounts, currencies, bank accounts, and rules and defaults for managing financial transactions.

Configure Finance Processes

Fill in and post general journals and recurring journals.

Work with General Journals

Create and adjust purchase invoices, post payments, and apply payments to invoices.

Manage Payables

Create sales invoices, post receipts, and apply receipts to invoices.

Manage Receivables

Manage purchase returns and supplier refunds.

Collect Supplier Refunds

Use intercompany documents and journals to minimize data entry when you post transactions between intercompany partners.

Manage Intercompany Transactions

Import transactions from your intercompany partners and send transactions to your partners.

Manage Intercompany Inbox

Manage inventory and manufacturing costs, report costs, and reconcile costs with the general ledger.

Manage Inventory Costs

Close an accounting period, register prior-year entries, and transfer balances from the income statement account to the balance sheet.

Close Years and Periods

Manage bank accounts.

Manage Cash

Acquire, maintain, insure, split, combine, revalue, depreciate, or dispose of fixed assets.

Manage Fixed Assets

Community Additions