Digital Financial Management


Microsoft dynamics financial management provides great transparency in your finance and accounting with the least possible margin errors. It is also efficiently equipped with relevant accounting protocols and supports you in complying with government regulations.

With end-to-end integration, you can efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets, and cash flow, in addition to performing bank reconciliations and collections. You can even manage your financial processes across multiple currencies, locations, or companies


General Accounting and Schedules

General Ledger

Includes all the basic functionality necessary for setting up a company and posting to the general ledger, chart of accounts, general journals, Taxation with statutory documents, recurring journals. In addition with this;

  • Facilities for internal and external reporting
  • Workflow for approval of sales and purchase documents.
  • Posting and reporting in base adn an additional currency with the addition of the Multiple Currencies.
  • Capability to export data from any form to Microsoft Word or Microsoft Excel using style sheets.
  • Capability to link to external documents.
  • multi language capability.
  • Set up sales and purchase documents archiving.
  • Bach posting
  • Allocate General ledger entries to combination of accounts, departments, and project using allocation keys based on amount , percentage or Qunatity.
  • XBRL Capability : Convert documents in to XBRl format and import /export from system to external systems, internet, mails and viceversa
  • Multiple Budgets can be created and compared wtih Gl actuals period wise, department wise ,project wise and exported to excel to enhance calculation capability
  • Audit Trails can be done with change log feature.Log all the master data and working data changes at user level.
  • Unlimited Companies can be created and consolidated financial data periodically.


Accounts Schedules

Powerful financial reporting tool that can help accountants and financial analysts to extract the most essential business data from the chart of accounts, budgets, cash flow accounts and cost types into financial reports, which can be used to efficiently monitor the health of the business and provide valuable input for the business decision makers. You get to choose the accounts you want to monitor and report on, change the order of the accounts, and combine figures in various ways, set up which columns to print, change the description of the accounts and supply them with additional notes.

In addition, you can make simple calculations on the data you selected on the accounts schedules worksheet, and compare current figures with historical ones and with your budgets.


Intercompany Postings

Manage accounting for more than one company in the same posting process. The companies can be in the same or in one of several different Microsoft Dynamics NAV databases. You can also send documents to partner companies. Users control the document flow through an Inbox/Outbox feature, and transac- tions are completed as general journal transactions or through receivables and payables, which enables the use of currencies and correct reconciliation.


Responsibility Centers

Set up profit centers and/or cost centers. A company can sell items with specific prices and that are related to a responsibility center. You can tie a user to a responsibility center so that only sales and purchase documents related to the particular user are displayed. Users get assistance with entering extra data, such as dimensions and location codes.


Multi Currencies

Manage multiple currencies throughout the system, including payables and receivables, general ledger reports, resource and inventory items, and bank accounts. With Multiple Currencies, you can:

  • Enter exchange rates and convert currency in full compliance with euro legislation .
  • Perform currency conversion according to exchange rates that are stored and maintained in the exchange rate table.The amounts will always be shown in the correct format on all forms and reports throughout the system.
  • Exchange rates can be entered for a date or for a period in the exchange rate table. System Calculate the exchange rate associated with the date on the transaction for each conversion of a currency amount to a local amount.
  • Historical exchange rates can be defined in the exchange rate table to keep track of fluctuations over a period of time.
  • Transact business in any number of currencies for any customer and vendor. Companies can issue an invoice in one currency and accept payment for that invoice in a different currency.
  • Manage currency conversion dynamically and help ensure efficient processing of exchange rate updates.
  • Store details of transactions involving receivables and payables in local and foreign currencies so that aging and reports for receivables and payables can be printed in local or foreign currency. Use the Exchange Rate Adjustment option to adjust receivables and payables and post unrealized gains/losses to the general ledger.



Dimensions provides unlimited dimensions for use in transactions in all ledgers. You can name all the dimensions according to what is most appropriate for your business. In addition to an unlimited number of dimensions, this module includes advanced dimensions functionality that enables you to set up rules for how to combine dimensions and dimension values. This helps you control the use of dimensions and increases the reliability of output based on dimensions.

  • prioritize of default values and define dimension rules to fit your specific business and use analysis views to analyze general ledger transactions per dimension as well as combination of dimensions.
  • Include budget information in analysis views, which is an advanced way of analyzing data using dimensions and Combine analysis of dimensions with the use of account schedules.
  • Closely analyze projects in companies that work with projects across departments and functions and Print a balance for a given department or project or for combinations of the two.



Electronic Payments and Direct Debits

Create payment proposals based on vendor documents and generate bank payment files in ISO20022/SEPA format or use the Bank Data Conversion Service for generating the appropriate electronic payment file for your bank. Easily keep track of the payment export history for your electronic payments and recreate a payment file whenever needed. Apply payments comes with simple streamlined process to mark and process the desired transactions.

  • Create direct debit collections to get the money directly from your customer’s bank account and generate a bank direct debit file in ISO20022/SEPA format.
  • In NAV 2018 you can insert hyperlinks to online payment services into your invoices, providing your customers with a more effi- cient way to pay an invoice online.
  • You can also install the PayPal integration extension. This creates links in invoices to PayPal Standards online payment. PayPal offers a trustworthy global payment service with multiple ways of accepting payments, including credit card processing and PayPal accounts.


Bank Account Management

Create, operate and manage multiple bank accounts for catering to your diverse business needs and across different currencies.


Reconciliation of Incoming and Outgoing Bank Transactions

Import bank transaction data from electronic files sent from your bank in ISO20022/SEPA format—or use the Bank Data Conversion Service for other file types. Apply the bank transactions automatically to open customer and vendor ledger entries and create your own mapping rules. Review the roposed applications and account mappings in an easy and in- tuitive way. It is possible to modify the algo algorithm behind the record matching is possible by modifying, removing or adding rules.


Bank Account Reconciliation

Import bank statement data from electronic files sent from you bank in ISO20022/SEPA format—or use the Bank Data Conversion Service for other file types. Reconcile your bank statement data automatically to open bank account ledger entries and keep track of all bank statements.

  • You can also Reconcile your bank payments in the Payment Reconciliation Journal, completing payments and reconciliation in one place and in one step. Now you can match customer payments, vendor payments, and bank transactions all in the Payment Reconciliation journal. You can also filter the statement information to view only the transactions that need attention, hiding those that do not.
  • You can see a summary of outstanding bank information and drill-down to see the detail in payment reconciliation. To verify before posting the reconciliation, you can print the outstanding bank information on a test report.



Basic Fixed Assets

Keep track of fixed assets such as buildings, machinery, and equipment. You can also post various fixed-asset transactions: acquisitions, depreciation, write-downs, appreciation, and disposal. For each fixed asset, you set up depreciation books in which the methods and other conditions used for calculating depreciation are defined. You can set up an unlimited number of depreciation books to satisfy legal requirements, and for tax and internal accounting purposes. This module is well suited for international companies that need to use many depreciation methods.

Fixed Assets Allocations

Allocate different percentages of fixed asset transactions, such as acquisition cost and depreciation, to different departments or projects by using allocation keys. Useful for when several departments share a fixed asset.



Keep track of insurance coverage and annual insurance premiums for your fixed assets and easily determine whether your assets are under-insured or over-insured. You can attach each asset to one or more insurance policies and also index insurance amounts.



Record maintenance and service expenses for each fixed asset. Get the detailed information you need to analyze and make decisions about the renewal and disposal of fixed assets.



Reclassify a fixed asset or part of a fixed asset—for example, from one department to another. You can split one fixed asset into several fixed assets, or combine several fixed assets into one fixed asset. When you need to dispose of one part of a fixed asset, you can split it into two assets and then dispose of the appropriate one.



Cash Flow Forecast

Cash Flow Forecast provides a prediction of how a company’s liquidity—cash and other treasure positions—will evolve over time. It consists of two things—cash receipts and cash disbursements—the money you expect to receive and the cash you expect to pay out—plus the liquid funds you have available. These elements together show you a direct cash flow forecast.

You can also create a basic cash flow forecasting set up, which can be extended as required, and is quick to adjust. Use a wizard to help you complete most of your tasks, and take advantage of automatic daily or weekly data updates. In addition, more data sources are supported in NAV 2018, including jobs and tax data.

Cost Accounting

Cost Accounting provides an efficient way to control the company’s costs by providing visibility and insight into budgeted and actual costs of operations, departments, products, and projects. Cost Accounting synchronizes cost information with the general ledger, and then allocates that information to different costs centers and cost objects. This module includes enabling you to:

  • Transfer costs from the general ledger.
  • Enter and post internal charges and allocations directly in the Cost Accounting Cost journal.
  • Predefine recurring cost allocation rules on cost allocation
  • cards and execute in a batch job.
  • Undo allocations.
  • Create cost budgets and transfer cost budget entries to actual entries.