Microsoft Dynamics NAV 2016 Financial Management - Second Edition
by Anju Bala, Cristina Nicolas Lorente, Laura Nicolàs Lorente
Summary
In this chapter, we have learned that Dynamics NAV as an ERP system meant to handle all the organization areas on a single software system.
The sales and purchase processes can be held by anyone without the need of having accountancy knowledge, because the system is capable of translating all the transactions to accountant language on the fly.
Customers, vendors, and items are the master data of these areas. Its information is used in documents to post transactions. There are multiple options to define your pricing policy: from one single price to different prices and discounts per groups of customers, per volume, or per period, or currency. You can also define financial discounts per early payment.
In the next chapter, we will learn how ...
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