Following on from our JulyNewsletter In addition to the article on the possibility of editing and correcting stock values and their history, we now present a solution for simplifying the analysis of stock values and the complex postings in current assets.
You benefit from time savings by displaying errors and differences that you would otherwise have to laboriously search for or notice so late that the consequences are already apparent in the form of new problems. The starting point is the article movements in Microsoft Dynamics NAV, which you can use to obtain a wide range of information with the add-on module.
In addition to this advantage, you will find many other benefits of this NAV solution below.
We have summarized the most important functions and associated advantages for you
Functions:
- Reconciliation between general ledger and subledger with one click
- Quick and uncomplicated determination of differences between the entry in the general ledger and the actual current stock value
- Wide range of filter and analysis options
- Automatic listing of numerous details in the warehouse G/L reconciliation to ensure that the warehouse values have been posted to the correct accounts by the system
- Reconciliation of the WIP account (Work in Progress)
- Mapping of the total cost method for production processes incl. inventory changes in the WIP account
- Differentiated warehouse adjustment postings by setting up an extended posting matrix and warehouse posting based on the origin and cause code
- FA analysis (production order) with G/L account reconciliation
- Proof of interim accounts
- Separation of stocks and stock changes based on origin code and cause code
- Further analysis thanks to the export function in Excel
Advantages:
- Quick analysis and reconciliation of inventory values between the general ledger and subledger of current assets
- Complete transparency and analysis / display of facts and errors that are normally displayed on only one accountB. Account does not match the posting group
- Simple analysis thanks to nine selectable filters
- Display of values delivered on the key date but not yet invoiced (= floating), showing the debtors or creditors
- Display the link between value items and real items with just one click
- Display of possible differences between the booked articles and the booking groups in the article master
- Reference to incorrect postings from the article movements
The automatic P&L postings during production for the "real P&L" (total cost method) should be emphasized. The method can be set up and applied when using the Dynamics NAV production module. The GKV method has proven itself in practice, as it enables the operating result to be determined quickly as part of a short-term income statement. In Germany, too, the total cost method is much more widely accepted for presenting a company's income statement than the cost of sales method, which is often used.
The inventory change postings missing in the Dynamics NAV standard functionality are provided with this module and with the P&L integration transparent.
The add-on module can be seamlessly integrated into the "Financial Management" area of your Microsoft Dynamics NAV system.
Would you like to take advantage of these benefits and make your day-to-day work easier?
Please contact us for further information! Our consultants will be happy to support you with the implementation or answer any initial questions you may have.
