The lesser-known Advantages of Microsoft Dynamics NAV Accounting

Category: Microsoft dynamics NAV accounting

Posted by: admin

Implementing Microsoft Dynamics NAV to CRM integration is to simplify data procedures related to the daily front office and back office organization activities. By making and managing continuous datasets for finances, manufacturing, inventory, sales, and employees, an organization can choose depending on real-time information. 

When company managers want full visibility of all the related data, they should consider integrating CRM information into an ERP solution. Utilizing a Connector for Microsoft Dynamics NAV to CRM aids in the integration of Microsoft Dynamics CRM and Microsoft Dynamics NAV. Using those software allows users and managers to link the datasets associated with internal enterprise and customer relations into the main system. Such an integrated IT structure is a useful tool for decision-makers. Yet, users can obtain serval advantages through a combined approach to data. 

Accounting in Microsoft Dynamics NAV

Every business does its books and sign off on the accounting. Few organizations hire services of external accountants or get other accountants onboard the company. Irrespective of the type of accountant, they can use Accountant Role Center as your Home in Dynamics NAV.  From this place, it is possible to access all windows which one may require in their work. That is why business owners search for Microsoft dynamics NAV accounting in Toronto for the best maintenance of finances of the organisation.  

Accountant Role Centre

The Role Centre is referred to as the dashboard that has activity tiles that show real-time key figures and offer fast access to data. The ribbon at the upper part of the window permits a lot more actions like opening the most commonly utilised financial statements and reports in Excel. Also, one can quickly switch between the lists as often as possible through the navigation pane on the left. The other spaces can be identified, like Posted Documents with different types of documents that the organisation has posted. 

Get invited to a Client’s Dynamics NAV

An organisation that utilises Dynamics NAV can invite another to Dynamics NAV like as an external accountant. However, they require to have a set-up of SMTP mail as they might want to contact their Dynamics NAV partner for assistance. The experts also suggest that one shares the email address they plan to utilise for accounting work. 

Accountant Portal

When the accountant has several clients, they use the Accountant Portal as the dashboard for a clear overview of the clients. Hence, one can access every client’s tenant in Dynamics NAV without any hindrance. If someone first logs in to the accountant portal, the dashboard displays a sample client to assist in getting started. When one gets habituated, they can remove the sample client. 

Company Details

The accountant can see a lot of information regarding the client’s data by selecting the organisation’s name, which they want to know more about. It shows the Company Details, a place to see the extra information, like the following:

• Cash flow forecast
• Cash account balances
• Overdue sales invoices
• Overdue purchase invoices

Overall, an accountant using the Microsoft Dynamics NAV can manage an organisation’s finances in an ideal way. So make sure to hire one based on your needs.

Monday, March 1, 2021