General Ledger / Finance

By: Cad Advanced Solutions  06-Dec-2011
Keywords: Financial Management, General Ledger

The General Ledger:This is the central application area of Financial Management in Microsoft Dynamics NAV, where all financial information is posted, summarised, and reported. The major features and benefits of the General Ledger are listed below:

Chart of Accounts: See continually updated balances for each account by department, date or defined business unit. Drill down to transaction detail and apply filters on any field to find information.


Load unlimited forecasts by individual account, department, date or defined business unit.

Account Schedules :

Create user defined financial reports and layouts. Compare actual results by department, date or defined business unit to forecast or prior period. Review analysis on screen or export to Excel.


Create user defined journals (unlimited) including recurring journals and allocations by department or user defined business unit. Reverse posted transactions on the fly. Limit posting date ranges to control user access.

G.S.T Reporting :

Setup G.S.T to automatically calculate based on combination of Customer/Vendor and G/L Account. User defined G.S.T reports automatically reconcile subledger to General Ledger and produce G.S.T return with a full audit trail.

Audit Trail:

Use a navigation tool to see all source transactions form any general ledger transaction. You can also search on document numbers to find all related entries.

Accounting Periods:

Choose company accounting periods including any start date. Automate year end by running reports that automatically close a financial year and transfer net profit/(loss) to retained earnings.

Foreign Currencies:

Setup all foreign currencies including exchange rates by date, rounding rules and display method in system (direct or indirect). Select local reporting currency plus an additional reporting currency if required.

Consolidation & Intercompany:

Define consolidation rules and export and import financial results into a consolidated company. Use Intercompany Postings to create all the necessary documents (including sales and purchase documents and general ledger entries) for the entire workflow, for more than one company at a time.

Document Numbering:

Define all the available number series (document numbers) to be used in Navision. These number series can be assigned to journals or other system documents automatically or manually based on set up criteria.

Cash Management:

Create unlimited bank accounts in any currency. Transfer balances between accounts and produce electronic or computer cheque payment runs. Perform bank reconciliations and transfer unprocessed transactions from the bank statement automatically to a journal for posting.

XBRL Reporting:

Extensible Business Reporting Language (XBRL) is an XML-based specification that uses accepted financial reporting standards and practices to export financial reports across all software and technologies, including the Internet. Navision allows the importation of unlimited XBRL taxonomies to create XBRL financial reports for external parties.

 General Ledger / Finance - Fact Sheets

Keywords: Financial Management, General Ledger

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