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How Do I Use the Deferrals Functionality in Microsoft Dynamics NAV 2016

To recognise revenues and expenses in periods other than the period in which the transaction is posted, you can use the Deferrals Functionality in Microsoft Dynamics NAV 2016 to automatically defer revenues and expenses over a specified schedule.

Deferral functionality is available on sales documents, purchase documents, and in the general journal. The functionality provides benefits, such as:

  • Reduced time and effort to defer revenues and expenses after transactions are posted.
  • Easy reporting on deferred amounts for customers, vendors, and G/L accounts.

Microsoft Dynamics NAV gives you:

  • Financial Management – General Ledger through to bank reconciliation – gain full visibility of your financial activities
  • Customer Relationship Management (CRM) – Contact and task management with Outlook integration  – letting your team stay in contact with customers and partners with ease
  • Configuration and Development – Produce business reports and develop queries – speed up fact-based decision-making for your organisation
  • Supply Chain Management – Assembly management through to item tracking, cycle counting and warehouse shipment – watch your materials turn into products and onto satisfied customers
  • Manufacturing Solutions – Production of Bill of Materials, agile manufacturing, machine centres and finite loading assists with maximum output from your production business
  • International functionality – Multilingual set-up capability to provide cross-country operation allowing your company to expand and grow beyond national boundaries
MICROSOFT DYNAMICS NAV IS QUICK TO IMPLEMENT AND EASY TO USE. CONTACT STRATEGIX TODAY FOR THE POWER TO SUPPORT YOUR GROWTH AMBITION.