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Microsoft Dynamics NAV 2016 Financial Management - Second Edition by Laura Nicolàs Lorente, Cristina Nicolàs Lorente, Anju Bala

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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 operations inside the financial management area can be done with a little accountancy knowledge. In this chapter, we will learn the setup options that allow this to happen.

The topics that we will cover in this chapter are as follows:

  • Posting groups
  • Dimensions
  • Number series
  • The general setup

Understanding posting groups

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

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