Master the world of financial management with Microsoft Dynamics NAV 2016About This BookThis book fully prepares you to successfully use Dynamics NAV as your key tool for financial management.Learn how to use reporting tools that will help you to make the right decisions at the right timeExplore the features inside the sales and purchases areas as well as functionalities including payments, budgets, cash flow, fixed assets, and business intelligenceWho This Book Is ForThis book will appeal to financers and accountants who are using Dynamics NAV as their ERP and financial management system. Dynamics NAV consultants and project managers will also find it useful for their daily workWhat you will learnHandle complete business processes for purchase and sales in Dynamics NAV.Use the banking features and the reconciliation process to gain greater insights into a company's financial status.Report data in a way that is meaningful to the company for analysis.Set up dimensions, and link them with master tables and journals.Work with multi currency and intercompany postings, and receive and send documents electronically.Manage complete Fixed Asset by Setup, transactions, budgets, and Fixed Asset ReportingIn DetailMicrosoft Dynamics NAV is a global Enterprise Resource Planning (ERP) solution that provides small and mid-size businesses with greater control over their financials and can simplify their supply chain, manufacturing, and operations.Microsoft Dynamics NAV Financial Management explains all you need to know to successfully handle your daily financial management tasks. With this update, you will learn about all the improvements in the latest release and how to apply them in your workplace.You will learn about functionalities such as sales and purchase processes; payments; bank account management; reporting taxes; budgets; cash flow; fixed assets; cost accounting; inventory valuation; and business intelligence. This book comprehensively walks you through all the financial management features inside the latest version of Dynamics NAV and follows a logical schema. By the end of this book, you will have learned about budgets, cash flow management, currencies, intercompany postings, and accounting implications on areas such as jobs, services, warehousing, and manufacturing.