Chapter 5. Foretelling - Budgeting and Cash Flow Management
Accounting rules are based on faits accomplis but companies need to anticipate/predict events. Dynamics NAV offers some tools that can help to accomplish this, which we will cover in this chapter:
- Budgets
- Cash flow management
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 will focus on general ledger budgets in this section.
With the general ledger budget feature, you can create multiple budgets for the same time periods, simple or complex budgets by selecting combinations of G/L accounts, periods, and dimensions. You can also ...
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