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

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Chapter 6. Financial Management Setup

In Dynamics NAV everything leads to accounting, but as we have seen in the previous chapters most of the operations inside the Financial Management area can be done with a little accountancy knowledge. In this chapter, we are going to learn the setup options that allow this to happen.

The topics that are going to be covered in this chapter are as follows:

  • Posting groups
  • Dimensions
  • Number series
  • General setup

Understanding posting groups

Posting groups are the linking bridge between the G/L accounts and the accounts used on all the application areas, such as items, customers, vendors, or fixed assets. Posting groups are used to tell the system which accounts to use for each transaction. There are three main types ...

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