Fixed Asset Creation on Microsoft Dynamics Nav Business Central

Dear Friends,

Fixed asset is a piece of property or an equipment owned by a company to produce goods or services to bring revenue to the company.  It is to be noted that an asset can be tangible or intangible.

Step 1:

To create a fixed asset go on the following menu:

Main Menu --> Department --> Financial Management --> Fixed Asset --> Fixed Asset.

Step 2:

Click on the button New and fill the information.

General
No.	If no of series has been setup, the fixed asset number will be generated automatically
Description	Enter the description of the asset
FA Class Code	Enter the class code of the asset
FA Sub class Code	Enter the sub class code of the asset
FA Location Code	Enter the FA location Code
Serial No	Enter the serial number of the asset
Search Description	It will be set as the description automatically
Responsible Employee	Enter the employee responsible for the asset
Blocked	If no transaction need to be done on the asset, you can block it
Depreciation Book
Depreciation Book Code	Enter the depreciation book code
Posting Group	Enter the Fixed Asset Fixed Asset Posting Group
Depreciation Method	Enter the depreciation method
Depreciation starting date	Enter the depreciation start date
No of Depreciation years	Enter the number of depreciation years
Straight Line %	If depreciation method is straight line enter the percentage
Depreciation Ending Date	The depreciation ending date will be calculated automatically based on the depreciation year
Maintenance
Vendor No.	Enter the vendor number for maintaining the fixed asset.

Click on OK to close.

Detailed Customer Ledger Entries and Customer Ledger Entries on Microsoft Dynamics Nav Business Central

Dear Friend,

Ledger Entries play an important role in a transaction. Detailed customer ledger entries and customer ledger entries show you all the transactions that have been done on a customer.  The transaction can be a payment received, invoices or a journal entry.

To go on customer ledger entries go on the following menu:

Main Menu --> Department --> Financial Management --> Receivables --> Customer ledger entries.

To go on detail customer ledger entries, go on the following menu:

Main Menu --> Department --> Financial Management --> Receivables --> Detailed customer ledger entries.

Request to approve on Microsoft Dynamics Nav Business Central

Dear friends,

In this tutorial, we will learn how to approve a sales invoice when we activate workflow on sale invoice approval.

Step 1:

To open the request to approval page go on the following page.

Main Menu --> Department --> Financial Management --> Receivables --> Request to approve.

Step 2:

Click on Approve to give approval

Click on Reject to reject an approval

Click on Delegate to assign someone else for approval

Click on Open record to check the document.

Cash Receipt journal on Microsoft Dynamics Nav Business Central.

Dear Friends,

Cash receipt journal is an important journal as it allow you to take payment from customer.

Step 1:

To proceed to cash receipt journal go on the following menu:

Main Menu --> Department --> Financial Management --> Receivables --> Cash Receipt Journal.

Step 2:

Enter the following information.

Line no.	Line No will generate automatically
Posting Date	Enter posting date
Document Type	Enter payment in document type
Document No	If no series is setup, the document no will generate automatically
Account Type	Choose customer as account type
Account No	Search the customer you wish to do the payment
Description	Enter a description for the transaction.

Click on the button Apply Entries.

Select the invoice line, then click on the button Set Applies-to ID. Finally click on OK.

Amount	The amount of the selected invoice will appear here.
Bal. Account Type	Enter Bank Account as Bal. Account Type
Bal. Account No	Enter the Bank No
Payment Method Code	Enter the payment method code
External Document No	Enter any extra important number link to the transaction such as cheque number or transfer number

Step 3: 

Click on Post to validate transaction.

Click on OK to close

Sales Credit Memo creation on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn how to create a sales credit memo. This document is used to reverse a sales invoice.

Step 1:

To create a sale credit memo go on the following path:

Step 2:

Click on the button New and fill the information.

Enter the Customer number.

Step 3:

Click on the button Copy Document.

Step 4:

Fill in the information.

Enter the document type Posted invoice and choose the document no that is the posted invoice you wish to reverse.

Click on OK

Step 5:

Click on the button Post.

Step 6:

Click on OK to close

Sales Invoice creation on Microsoft Dynamics Nav Business Central

Dear Friends,

In this tutorial, we will learn how to create a sale invoice. It is normally a document used to sell  goods or services to a customer.

Step 1:

To create a sale invoice go on the following menu:

Main Menu --> Department --> Financial Management --> Receivables --> Sales Invoices.

Step 2:

Click on the button New and fill the information.

General
Customer No	Enter the customer number
Customer Name	Customer name will appear automatically
Address	Address will display automatically
Address 2	Address will display automatically
City	City will display automatically
Post Codes	Post codes will display automatically
Country / Region Code	Region Code will display automatically
Contact No	Contact number will display automatically
Contact	Name of the contact will display automatically
Posting Date	Enter the posting date
Due Date	The due date will calculate automatically
External Document No	Enter an extra relevant number
Posting Description	Enter a posting description
Status	It will show the status of the sale invoice
Lines
Type	Enter the type
No	Enter the Type No
Description	The name of the type will appear automatically
Description 2	Enter a description
Location Code	Enter any Location Code
Quantity	Enter the quantity
Unit of Measure	Enter the unit of measure
Unit Price Excl VAT	Enter the unit price excluding vat
Line Amount Excl Vat	Quantity * Unit price
Line Discount %	Enter a discount percentage if there is
Line Discount Amount	Enter discount amount if there is
Allow Invoice Discount	If check, the discount amount will be applied
VAT Prod Posting Group	Enter the VAT Prod Posting Group
Gen. Prod Posting Group	Enter the Prod Posting Group
Line No.	Line number will display automatically

Invoice Details
Currency Code	If the invoice is foreign enter the foreign currency
Location code	Enter location Code
Price Include Vat	If you want to put price including vat then check this field
Shipping and Billing
Ship-to	If you want to ship the good to another location
Contact	If the another location has a contact person, it will appear here
Bill-to	If you want to bill another customer

Step 3:

Click on POST to validate transaction.

Click on OK to close.

Customer Creation on Microsoft Dynamics Nav Business Central

Hello Friends,

Today's tutorial is on creating customer on Microsoft Dynamics NAV Business Central. A customer is also know as a debtor and we provide them with goods or services.

Step 1:

To create a customer go on the following path:

Main Menu --> Financial Management --> Receivables --> Customers.

Step 2:

Click on the button New and Fill the information.

General
No.	If no series is setup, customer number will generate automatically
Name	Enter the name of the customer
Name 2	If the name if long, enter the remaining name here
Credit Limit (LCY)	If you want to set a credit limit on the customer.
Blocked	You can block the customer to prevent further transaction
Address & Contact
Address	Enter customer address
Adress 2	Enter customer address
City	Enter customer city
Post Code	Enter post code
Contry/Region Code	Enter Region Code
Primary Contact Code	If the customer is a company and there is a contact person.
Contact Name	Upon choosing contact code, the name will appear automatically
Phone No	Enter Phone Number
Email	Enter Email Address
Homepage	Enter customer website
Fax No	Enter customer fax number
Invoicing
Bill-to Customer	If you want billing to be done to another customer
VAT Registration No	Enter VAT registration number
GLN	Enter GLN number
BRN	Enter Business Registration Number
Gen. Bus. Posting Group	Enter the General Business Posting Group
VAT. Bus. Posting Group	Enter the VAT Business Posting Group
Customer Posting Group	Enter customer posting group
Currency Code	If customer is a foreigner, enter the currency code
Payments
Application Method	Enter the application method
Payment Term Code	Enter the payment term code
Payment Method Code	Enter the payment method code

Step 3:

Click on bank account.

Step 4: 

Click on the button New and fill the information

General
Code	Enter a code for the bank
Name	Enter the bank name
Address	Enter bank address
Address 2	Enter bank address
Post Code	Enter bank post code
City	Enter bank city
Country / Region Code	Enter bank region code
Phone No	Enter bank phone number
Contact	Enter the contact person in the bank
Currency Code	Enter the currency of the bank
Bank Branch No	Enter bank branch number
Bank Account No	Enter bank account number
Transit No	Enter bank transit number
Communication
Fax no	Enter bank fax number
Email	Enter bank email address
Home Page	Enter bank website
Transfer
SWIFT Code	Enter bank swift code
IBAN	Enter bank IBAN
Bank Clearing Standard	Enter bank clearing standard
Bank Clearing Code	Enter bank clearing code

Execute standard banking report on Microsoft Dynamics Nav Business Central

Dear Friends,

I will show you how to run standard banking reports in this tutorial. Reports are very important because it displays the required information so that we can do our work or investigation.

To proceed to the report menu go to the following path:

Main Menu --> Department --> Financial Management --> Cash Management

Bank Account - Check Details

You can search by Bank No or Search Name or Bank Acc. Posting Group.

Bank Acc. - Details Trial Bal.

You can search by Bank No or Search Name or Bank Acc. Posting Group.

Bank Account Ledger Entries on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn on Bank Account Ledger Entries, normally this is used for audit purposes because it stores all the transactions done on a bank account.

To open the page go on the following menu:

Main Menu --> Department --> Financial Management --> Cash Management --> Bank Account Ledger Entries.

If you want to reverse a transaction, click on the button Reverse Transaction.

Click on the button Reverse.

Click on Yes to reverse the transaction.

If you want to void a check from a payment that has already been done.

Click on Check ledger entries.

Select the check line and click on the button Void Check.

Select the void date and choose unapply and void check.

Click on Yes to unapply the check and void the check also

Receivable and Payable in cash management on Microsoft Dynamics Nav Business Central

Dear Friends,

In this tutorial, we will learn about receivable and payable reports in the module cash management.

Step 1:

To proceed with the report go on the following menu:

Main Menu --> Department --> Financial Management --> Cash Management --> Receivables Payables.

Select the way you wish to view the report in the field view by.

Period Start	The start date
Period Name	The name of the period will display automatically
Cust Balance Due	The balance due for all debtor
Vendor Balance Due	The balance due for all creditor
Receivable Payable	The is the remaining amount by taking customer due balance - vendor due balance

Click on the button OK