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Business Consulting
Making mistakes is a normal occurrence, especially in the circumstances of rush when the user may post documents with an incorrect date, quantity, item, etc. What is important is that once a mistake has been done, the user knows how to correct it without spending too much time, effort, nerves and doubts on it. In this article, we will perform a step-by-step process of undoing an incorrect registered warehouse pick for the goods.
Sep 26, 2017
Multiple subsidiaries or divisions tend to conduct many transactions between each other. At some point, the parent company performs a consolidation of all general ledgers and faces the need to eliminate the intercompany flows in order to avoid inflation of the receivables and payables accounts. This is the point at which it may turn out that tracking intercompany document mismatches down is way too time-consuming.
Feb 24, 2017
Like we are all waiting for the end of a year when the Christmas and New Year spirit is present wherever you go, so is the accounting world anticipating their winter season pastime. In many companies, the financial year matches the calendar year, which makes a year end not only a time of jingle bells and mistletoes but a time of hard work, especially for companies that go through annual consolidation process.
Dec 12, 2016
At the end of a reporting period, an accountant of a company must perform the income statement closure procedure. With respect to this need, Microsoft Dynamics NAV provides “two-click” functionality that makes this process quick, accurate and easy. However, do we understand why this procedure is required and what exactly is behind it? Let us examine the logic behind this process.
Nov 22, 2016