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.
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.
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.