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.
