Dynamics 365 Business Central – Inventory Adjustments with Serial and Lot Numbers – Costing Issues

Dynamics 365 Business Central, formerly known as Dynamics NAV, has a number of inventory valuation methods it supports including FIFO, LIFO, Average, Standard and specific (Serial No only). The system will update and maintain proper cost buckets for each inventory journal entry based on the valuation method selected for the given item. Some of our…

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Dynamics 365 Business Central – How to process Cash Discounts and Write-Off in Accounts Receivable

Microsoft uses different terminology when describing write-off in the context of Accounts Receivable. Dynamics 365 Business Central (formerly known as Dynamics NAV) calls a Write-Off something slightly less frequently used in the US, specifically a “Payment Tolerance”. The system allows you control over whether payment tolerances are allowed at all. You can also control whether payment…

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Dynamics 365 Business Central – How to record Tariffs, Shipping​ Charges and other landed cost for Items

This brief video will cover the process of adding cost to the originating cost of an item. Microsoft Dynamics 365 Business Central allows for the ability to add costs such as Tariffs, Insurance, Shipping Charges, and brokerage fees to the unit cost of an item. The process involves a feature called item charges and you…

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Microsoft Dynamics NAV Customizations versus Dynamics​ 365 Business Central Extensions – Development

With the release of Dynamics 365 Business Central in October of 2018, Microsoft introduced a new concept for programming and development called an EXTENSION. In prior versions of Microsoft Dynamics NAV, a programmer would modify the course code directly for tables, pages, reports and code units. This would provide the local programmer with great flexibility…

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Year-End Closing Procedures for Microsoft Dynamics​ 365 Business Central (formerly know as NAV 2016, 2017, 2018)

Microsoft Dynamics 365 Business Central (formerly know as Dynamics NAV) has a three steps Fiscal Year End closing procedure. Once the closing procedure has been completed, you may still record new GL transaction into the closed Fiscal Year, however, and Profit & Loss items will cause you to re-close the Fiscal year to retained earnings.…

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Upgrade from Dynamics NAV 2015, 2016, 2017, 2018 to Dynamics 365 Business Central – User License Issues and Development (Concurrent vs. Named Users)

When you sign up for a new Microsoft Dynamics 365 Business Central account today, the company only offers named user licenses (or subscription) just like they are being used by Office365 and Azure. This applies to both their Microsoft hosted and their Business Central OnPrem solution. Concurrent User Model – Prior to Business Central, you could…

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Dynamics 365 Business Central (NAV) Manufacturing Demo

This video is designed to give you an overview of the core functionality of the Microsoft Dynamics 365 BusinessCentral (formerly know as Dynamics NAV) manufacturing module (MRP). The video will cover key areas of the Production Bill of Materials, Routing Setup, Work Centers and Machine Centers as well as Production orders and scheduling. Based on this…

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ERP System Architecture of the Dynamics 365 Business Central Platform – Comparison

When evaluating ERP system in today’s environment, the traditional approach of comparing pure accounting features become less relevant. As a matter of fact, most ERP systems such as SAP, Oracle, EPICOR and Microsoft have no meaningful differentiation in the core accounting modules including General Ledger, Accounts Receivable, Account Payable, Inventory Control, Sales Order and Purchase Order…

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