Fixed Asset Setup on Microsoft Dynamics Nav Business Central

Hello Friends,

In this tutorial, we will learn how to do fixed asset setup.

Step 1:

Go on the following menu:

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

Step 2:

Fill all the information required.

General
Default Depr. Book	Enter the depreciation book
Allow Posting to Main Asset	If you want to post to main asset then check this option.
Allow FA Posting From	Date range to post FA transaction
Allow FA Posting To	Date range to post FA transaction
Insurance Depr. Book	If you want to setup insurance then enter the depreciation book
Automatic Insurance Posting	If insurance is setup and you want to do automatic posting
Numbering
Fixed Asset No	Enter the number series for fixed asset number
Insurance No	Enter number series for insurance number

Click on OK to close

FA Ledger Entries on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn how to access the FA Ledger Entries.

Step 1:

Go on the following menu:

Main Menu --> Department --> Financial Management --> Fixed Asset --> FA Ledger Entries.

Step 2:

There you can find all the transactions done on specific fixed assets.

Step 3:

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

Click on OK to close

Depreciation Calculation for all Fixed Asset on Microsoft Dynamics Nav Business Central

Dear Friends,

Today we will learn how to execute depreciation on all fixed assets.

Step 1:

Go on the following menu:

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

Step 2:

Enter the following information:

Depreciation Book	Enter the depreciation book
FA Posting Date	Enter the FA posting Date
Use Force No. of days	Not Applicable
Force No. Days	Not Applicable
Posting Date	Enter Posting Date
Document No	Enter a document number
Posting Description	Enter a posting description
Insert Bal. Account	Allow tick this field

Click on OK.

Step 3:

Click on Yes to open FA G/L Journal.

Step 4:

You will see that the system has calculated the depreciation amount automatically.

Click on the button POST to validate the data.

Click on OK to close

FA G/L Journal on Microsoft Dynamic Nav Business Central

Hello friends,

Today's tutorial is about doing FA G/L Journal.

Step 1:

To proceed to the journal go on the following menu.

Main Menu --> Department --> Financial Management --> Fixed Asset --> FA G/L Journal.

Choose the batch you wish to use.  Here we have defined each batch as a process like Depreciation, Acquisition, Disposal and Write Down.

Step 2:

Fill all the necessary information.

Line No	Line No will be generated automatically
Posting Date	Enter the posting date
Document No	If no series is setup, the document no will generate automatically
External Document No	Enter any important number
Account Type	Choose Fixed Asset
Account No	Search the fixed asset
Depreciation Book Code	Enter the depreciation book code
Description	The name of the fixed asset will appear automatically
Amount	Enter the amount
FA Posting Type	Enter the type of transaction you are doing with the fixed asset

Step 3: 

Click on the button Insert FA Bal. Account.

This will insert a line which will show where the amount of the fixed will go.

Step 4:

Click on the button Post.

Click OK to close

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.