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Microsoft Dynamics NAV by Mark Brummel, Christopher Studebaker, David Studebaker, David Roys, Vjekoslav Babić, Cristina Nicolàs Lorente, Laura Nicolàs Lorente, Alex Chow

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Everything leads to accounting

Accounting rules teach how to translate everything that happens in a company to an accounting language, that is, debits and credits.

Dynamics NAV has implemented these rules using posting groups, so the system can translate everything to the accounting language and post it to general ledger entries on the fly.

Posting groups are related to master data. When you create a new record in the master data (for instance, you create a new customer), you need to specify which posting group it belongs to.

Everything leads to accounting

In the previous image, you can see the existing posting groups for customers. For each posting group, all the columns are filled ...

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