Inventory with Microsoft Dynamics NAV
The last quarter of the year is the time to take stock of all of a company's goods - the inventory. The aim is to determine whether the actual inventory value matches the quantities stored in the database or merchandise management system. We will show you how stocktaking takes place with Dynamics NAV.
An inventory must be carried out at least once per financial year. All items in the warehouse must be counted. Receivables, debts, cash amounts and other assets must be included in the inventory. As soon as the actual quantity is known, it is posted in the general ledger as part of the inventory valuation.
In addition to this determination, the legal obligation enshrined in the HGB also serves to check and possibly correct the accounting balances.
You also have the option of carrying out stock counts several times a year, known as cyclical stocktaking, e.g. for certain items that have a high value and perhaps account for a large proportion of sales.
In the following, we will show you the procedure in Dynamics NAV broken down into physical inventory and cyclical inventory.
We will go into this and describe which functions you use to synchronize new or changed storage bin items with the corresponding item items. Especially in extended warehouse configurations, items in storage bins are recorded as storage bin items and not as item items. This procedure is part of the process for updating the changes to the values in the stock quantities.
Read more about this:
Are you already using Microsoft Dynamics NAV in your company?
Are you interested in other very helpful functions of NAV or would you like to carry out your inventory with Microsoft Dynamics NAV?
Get in touch with us!
Our consultants will be happy to support you with the implementation or answer any initial questions you may have.
Phone: +49 (89) 21 111 848
E-Mail: vertrieb@br-ag.com
