Skip to main content

Posts

Showing posts from November, 2020

Why You Need Microsoft Dynamics 365 Business Central For Financial Management?

Microsoft Dynamics 365 Business Central makes it easy to connect financial transactions and information across affiliate companies and multi-site and international deployments. As a mature Financial Management Software , D365 Business Central perfectly addresses more complex requirements such as multi-currency and multi-company. A Role Center Oriented For Finances - Microsoft Dynamics 365 Business Central offers more than twenty role centers. Most common roles include Accountant, Accounting Manager, Outsourced Accounting Manager, Accounts Payable Coordinator, Accounts Receivable Coordinator, & Bookkeeper. The dashboard will indicate the numbers in real time and give you quick access to the data.     Basic Data For Your Finances – In D365 Business Central, all data regarding financial accounting are processed, evaluated and saved. D365 Business Central supports daily financial processes with Material asset accounting, accounts receivable, accounts payable, Inter-company pos

Why Your Business Needs NAV For Financial Management?

1.        Accounts Schedules – Leveraging this, accountants and financial analysts can extract most essential business data from the chart of accounts, budgets, cash flow accounts and cost types into financial reports to monitor the health of the business. 2.       Allocations - Allocate general ledger entries to combinations of accounts, departments, and projects using allocation keys based on amount, percentage, or quantity. 3.       General Ledger – Here, user can set up company and keep their information up-to-date by posting to the general ledger, chart of accounts and general journals. Leveraging comprehensive reporting capabilities, users can produce & access important reports daily, monthly and yearly. 4.       Budgets – Companies can create budgets and maintain them in the general ledger accounts with NAV. Users can work with multiple budgets simultaneously to get clearer picture of where the business stands. 5.       Consolidate Companies – With Dynamics 365