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Reducing Duplication of Effort and Errors with NAV ERP

Disparate Systems the Driving Force

Microsoft Dynamics NAV has gone through a huge amount of development over the years, bringing new functionality, as well as meeting requirements for hot topics such as data security and cloud hosting, Internet of Things (IoT), etc.

However, it is still the same things that make people really want a new ERP solution. One of the first things that gets mentioned in any conversation with a prospect is “we have a lot of different systems and we want everything to be integrated on one system”. Here is why.

Disparate systems causing a headache for businesses
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Fixed Asset Traps in Microsoft Dynamics NAV

Fixed Assets Module

Microsoft Dynamics® NAV has a Fixed Assets module which allows you to record the costs and depreciation of Fixed Assets.  This has comprehensive functionality but it works on a number of assumptions which may not always produce the results you would like.  This blogs looks at two particular problems and how you can easily work your way round them.

Adding Value to a Fixed Asset

This couldn’t be simpler in Dynamics NAV.  You just need to raise a Purchase Invoice and add the Fixed Asset as a No. on a Purchase Line. You can see in the image that the system has filled in the correct Fixed Asset Posting Type of Acquisition Cost by default.

When you post the invoice, its value will be added to the Acquisition Cost of the asset. The problem is that the life of the asset will be reset to start on the Posting Date of the invoice which means that the asset will not be depreciated between when depreciation was last calculated for it and the invoice posting date which may not be what was intended.  

Fixed Asset as a No.

Adding

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Business Software editorial in the business magazine

Business Software Solutions Are People Too!

"Thousands of new small businesses start each year. Many fail, but just as many succeed. Tom Jenkins, director of Dynamics Consultants, who specialises in the implementation of business software solutions, looks at one potential factor that could make all the difference”

Our director Tom Jenkins was featured this week in the Business Magazine, where they discussed the importance of growing businesses to act early when deciding to move to a business management software solution. With a flexible solution, such as Dynamics NAV, the reduction in man power required means that your ERP system can work as part of your team.

Read more in the Business Magazine on pages 14 and 15.

business magazine editorial business software solutions are people too
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