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Microsoft Dynamics NAV Financial Management by Laura Nicolàs Lorente, Cristina Nicolàs Lorente

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Chapter 5. Foretelling – Budgeting and Cash Flow Management

Accounting rules are based on faits accomplis but companies need to anticipate and predict events. Dynamics NAV offers some tools that can help to accomplish this:

  • Budgets are used to plan costs, revenues, and resources and can be used to set up goals and measure performance of the different areas inside a company.
  • The cash flow management functionality helps companies to predict future cash needs and this is vital for a company to be able to meet its financial commitments.

Budgets

Budgets are an overview of planned costs, revenues, and resources over a specified period of time. Dynamics NAV allows you to create budgets for fixed assets, items, sales and purchases, and projects. But we are ...

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