Part 1 of 7:

As you may know, Microsoft Dynamics NAV is a complete enterprise resource planning (ERP) software solution catered toward the business processes of small to medium sized organizations. As an out of the box or fully customized solution, Microsoft Dynamics NAV accommodates the specialized business processes of your organization regardless of the range of complexity. As of October 1st, 2012, Microsoft has released its landmark version of Navision – Microsoft Dynamics NAV 2013. This article will guide you through the new and improved functionality of NAV 2013 compared to NAV 2009.

Dimension Entry Storage and Posting: In order to specify a dimension set, a dimension set entry table has been added which assigns a dimension set ID to the journal line, document header or document line. Overall performance is improved due to dimension sets stored in the table as dimension set entries with the same dimension set ID – storing dimension sets once in the database.

Cash Flow: Values from the General Ledger, Sales & Marketing, Purchasing and Service aspects of Microsoft Dynamics NAV are incorporated into the Cash Flow forecast:

• Set up chart of cash flow accounts
• General Ledger – obtain information about the liquid funds and budgeted values of the organization.
• Purchasing – receive information about the payables and forecasted debt from open purchase orders.
• Sales – observe information about the current receivables and forecasted receipts from open customer orders.
• Service – gather information about open service invoices.
• Fixed Assets – from the recorded budget and future asset purchase plan pertaining to planned capital expenditures, the cash flow forecast can include these items.
• Manual processes – Other revenue and expenses can be integrated into the cash flow forecast.
• View cash flow reports and analyze statistics.

Cost Accounting: Budgeted and actual costs of operations, departments, products and projects are used to analyze the profitability of an organization.

Cost Accounting in NAV 2013 has the following main components:

• Cost types, cost centers and cost objects are used to analyze what the costs are, where they come from, and who is responsible for them.

o Cost Types: charts for cost types can be defined with structure and functionality that similarly resembles the General Ledger Chart of Accounts.
o Cost Centers: Departments and profit centers responsible for costs and income.
o Cost Objects: Products, product groups or services that carry costs.
o Cost types, cost centers and cost objects can be linked to any dimension in the general ledger – these can be supplemented with subtotals and titles.

• Cost entries can be created by transferring lines from the General Ledger via individual postings or batch jobs on a daily or monthly posting basis.
o Cost Journal: Post entries outside of the General Ledger or generated allocations can be added to this journal. i.e. – cost entries, internal charges and corrective entries between cost types, cost centers and cost objects.
• Reports and statistics are based on cost entry postings. Results can be defined with filters regarding which data should be displayed. Reports can be created for cost distribution analysis. Display options can be defined for reports for the chart of cost types using the standard account schedule.

Sales Tax/VAT Rate Change Tool: Perform Sales Tax/VAT and general posting group conversion. Sales Tax/VAT rates can easily be changed to maintain accurate Sales Tax/VAT reporting.

Sales Tax/VAT Reports: Tax authorities can require that organizations submit periodic reports of transactions that include Sales Tax/VAT. With the Sales Tax/VAT Report, reports can be defined similarly to how an individual creates documents such as orders, invoices and credit memos. Sales Tax/VAT entries can be created in this report and exported to tax authorities and, in most cases, in different formats.

Click here for Part 2 – Assembly Management

NAV 2013 – Assembly Management

Click here for Part 3 – Warehouse Management

NAV 2013 – Warehouse Management

Click here for Part 4 – Inventory

NAV 2013 – Inventory

Click here for Part 5 – Supply Planning

NAV 2013 – Supply Planning

Click here for Part 6 – Jobs

NAV 2013 – Jobs

Click here for Part 7 – Resources

NAV 2013 – Resources

To stay up to date about Microsoft Dynamics NAV and NAV 2013, stay tuned for more articles from Adaptive Business Solutions. For additional information now, click on the buttons below to go to our Microsoft Dynamics NAV pages:

Microsoft Dynamics NAVNAV Fact Sheets