In software systems there are promises and expectations, budgets and time constraints, experts and non-experts, uncertainty and risk, personal and organizational pride at stake. Systemic issues can undo the effort of well-meaning individuals. “For a successful technology, reality must take precedence over public relations, for nature cannot be fooled.” Richard Feynman.
Sometimes the journal entry in NAV can be confusing when users first see the Bal. Account No. field. Using a balance account on the journal line allows a balanced journal to be entered using one line rather than the traditional two lines.
Within the manufacturing setup, there is a clear demarcation of responsibility between sales and production if the inventory is set up as “standard costing”.
Power BI Gold for Sales consists of two reports with separate NAV datasets—the Item Sales Report and the Sales Order Report.
Most legacy systems have an enormous number of GL accounts. NAV allows a very effective way to reduce these by using dimensions.
The real power of Power BI Gold for Finance lies in the standard measures provided in the report. Out of the box, Power BI Gold comes with Over 100 pre-built key business measures relating to your Balance Sheet, Income Statement, Profitability, Liquidity and Business Activity.
Microsoft Dynamics NAV offers five different Costing Methods, four of which are variously useful depending on the type of inventory, and the fifth, LIFO (Last In First Out), is prohibited under International Financial Reporting Standards.
OData is becoming the primary method for externally accessing data from Dynamics NAV. It has several benefits compared to SQL.
Warehouse management in Dynamics Nav covers various functions from start to finish. Most of these functions work independently of each other to provide a scaleable solution.
Fenwick Gold Multiple Entity Module can really help simply the chaos of hundreds of companies taking away the duplicate data entry and the need to manually eliminate inter-company transactions.
Dynamics NAV databases grow every day. While little can be done to stop this, much can be done to ensure you are only storing the data that you really require.
Whether its for aircraft maintenance or NAV systems, Risk identification is the first step in the risk management process. Fenwick Software has a wealth of experience, with a ‘lessons learned’ list to match.
