Creation of Dimension on Microsoft Dynamics Nav Business Central

Dear Friends,

Today's tutorial will show you how to create dimension and dimension value, used for analytical purposes.

Step 1:

To create a dimension go on the following path:

Main Menu --> Department --> Financial Management --> Setup --> Dimensions --> Dimensions

Step 2:

 Click on the button New and add the following information

Code	Enter a code for the dimension
Name	Enter the name of the dimension
Code Caption	Normally we keep it same as name
Filter Caption	Normally we keep it same as name
Description	Normally we keep it same as name
Blocked	If the dimension is no longer in use, it can be blocked

Step 3:

Setting up Dimension Values.

Click on the button Dimension Values.

Step 4:

Click on the button New and add the following information.

Code	Enter a code for the dimension value
Name	Enter the name of the dimension value
Dimension value type	Let it as standard
Totaling	Not applicable
Blocked	If the dimension value is not in use, you can block it

Setup General Ledger Setup on Microsoft Dynamics Nav Business Central

Hello Guys,

Today's tutorial is about setting up the general ledger setup.  This configuration is essential due to its impact on various parts of the ERP.

To proceed with the setup, go on the following menu:

Main Menu --> Department --> Financial Setup --> Setup --> General Ledger Setup

Allow Posting From	Enter when the user can post transaction
Allow Posting To	Enter till when the user can post transaction
Register Time	This field allows a user to register time on the system
Local Address Format	Enter the format of the employer local address
Local Cont. addr format	Always select after company name
inv. rounding precision (LCY)	This will show the rounding of amount for invoices
inv. rounding type (LCY)	Always choose nearest
Amount rounding precision (LCY)	Rounding of amount in the system
Amount decimal places (LCY)	Specify the decimal place for amount
Unit-amount rounding precision (LCY)	Rounding of unit amount in the system
Unit-amount decimal places (LCY)	Specify the unit amount decimal places
Allow G/L Acc deletion before	If you want to prevent delete a G/L as from a date
Check G/L Acc Usuage	This will check if the G/L has been used before deletion
EMU currency	This will convert any amount to EUR currency
LCY Code	Enter the local currency code
Local currency symbol	Enter the symbol of the local currency
Local currency description	Enter the description of the local currency
pmt. disc excl VAT	Exclude VAT on payment discount
Adjust for payment disc	Adjustment on payment discount
Unrealised VAT	If you wish to post VAT amount to a temporary account first then when the transaction is completed the amount will be transfer to the VAT account
Prepayment unrealised VAT	If you wish to post prepayment VAT to a temporary account first then after completing the transaction the amount will transfer to the prepayment VAT account
Max vat difference allowed	This will show you the range allow to change vat amount in invoices
Tax invoiced renaming threshold	Let the threshold amount be 0.00
Vat rounding type	Specify the vat rounding type
Bank Account Nos	No series for bank account number
Bill-to / Sell-to vat calc	VAT will be calculated on bill-to or sell-to
Print vat specification on LCY	If this field is checked, the system will set the vat amount in local currency
use legacy G/L Entry locking	This field lock the G/L entry table when posting date, this prevent data mixing.
show amount	Set this to amount only

Setting up global dimension

Dimension is used for analytical analysis

To add a global dimension click on the button Change Global Dimensions

Enter the global dimension 1 and global dimension 2 then click on the button start.

Setting up shortcut dimension code

                            

Enter the dimension directly.

I hope that this tutorial has been of help to you.  Follow me for more tutorials.

Create an accounting period on Microsoft Dynamics Nav Business Central

Dear friends,

In today's tutorial, I will show you how to create an accounting period. It is very important to create an accounting period because this defines the period when transaction can be done.

To proceed with the creation on the accounting period,

Step 1:

Go on the following menu:

Main Menu --> Department --> Financial Management --> Setup --> Accounting Period.

Click on the button New

Step 2:

Click on the button Create Year.

a) Enter the start date of the financial year

b) Enter the no of period (normally 12 months)

c) Enter the period length (1 M = 1 Month)

d) Then click on OK

After clicking on OK, you will see the system will generate the 12 month period.