In this video, I tackle a question from a viewer on how to deal with odd accounting periods, in this case, how to get G/L Entries to be easier to query when you have 13 periods in a single year. Check out the video:
Tag Archives: Accounting
How To: Run Work in Progress (WIP) for Job Cost Accounting in Microsoft Dynamics Business Central or NAV
Work in Progress (WIP) is used to match cost with revenue. This blog discusses different methods of costing WIP and provides instructions for running the WIP process in Microsoft Dynamics Business Central or Dynamics NAV.
Month End Tasks to Close Accounting Period with Dynamics 365 Business Central or NAV
In standard Microsoft Dynamics 365 Business Central or NAV there is not a “hard-close” for a month-end. However, there are many month-end activities that can be completed. This blog provides a high level of elective processes and tasks for closing period within Business Central or NAV.
4-4-5 Accounting Dynamics NAV
Most Accounting Systems are setup for the Julian or Western Calendar the standard 1st January to the 31st December with the additional Leap Year day 29th February every 4 years, this is adequate for most purposes, the standard periods in Dynamics NAV use the virtual date table with the Julian Calendar Structure, all versions of Dynamics NAV have a table to enable the setup of custom Accounting Periods.
Changes in Accounting for VAT on Payment Terms
UK VAT legislation on prompt payment discounts (PPD) will be aligned with EU VAT legislation.
The government has made changes to the way VAT registered persons and companies account for VAT where they offer or take payment discounts (PPD). The current process will be amended to align with the Principal VAT Directive (PVD) which requires VAT to be accounted for on the consideration actually received and was introduced in the Finance Bill 2014. Further information is available from the HMRC Website.
New NAV2013 video reviewed: Clients First Finance New Features Cost Accounting
There are times when you are using the Dynamics NAV Standard Cost Method and rolling up a Standard Cost for a Produced Item you get an unexpectedly high Standard Cost.
Cost Accounting in Microsoft Dynamics NAV 2013
Microsoft Dynamics NAV 2013 delivers compelling application functionality that helps businesses gain greater control of their business through increased visibility and insight into how the business is performing. Cost Accounting in Microsoft Dynamics NAV 2013 gives you an efficient way to control your company’s costs by providing visibility and insight into budgeted and actual costs of operations, departments, products and projects.