Microsoft Dynamics NAV 2017 Reporting Made Easy with Account Categories  Enhancement

Microsoft Dynamics NAV 2017 –What’s New with Account Categories

The latest release of Microsoft Dynamics NAV 2017 reinforces the commitment of Microsoft’s continued development of this leading Enterprise Resource Planning System (ERP). Microsoft Dynamics NAV popularity as robust business solution that’s quick to implement, easy to use and has the power to support your business growth and future ambitions. Dynamics NAV 2017 streamlined integration and simplicity is the key to its success as a market leading ERP solution. In this blog, we are highlighting Account Categories which is part of the Financial Management Enhancements. The Dynamics NAV 2017 latest ERP solution offers additional significant enhancements to the core applications which are available here: Features in Microsoft Dynamics NAV 2017

4 Benefits of Account Categories in Microsoft Dynamics NAV 2017:

Reporting is also made easier with the new Account Categories that provide structure to your chart of accounts. You can use Account Categories to map your chart of accounts to a set of predefined categories. Easy to use and easy to understand, account categories support financial and in addition you can create categories to fit your business needs. Lastly, you can automatically update Account Schedules when you update your Account Category mapping.

Utilizing Account Categories in Microsoft Dynamics NAV 2017 helps your company:

1. Get Started Fast: Work with your financial reports immediately, with no set up required, using the default chart of accounts that is mapped to the categories
2. Understand Financial Information: Quickly recognize the categories that use terms such as assets, liabilities, and expenses. Account subcategories, such as cash, payroll liabilities, and advertising expenses, provide additional detail for your chart of accounts
3. Personalize: Modify the default set of categories, or create your own to meet your business needs
4. Use Financial Reports Quickly: Easily relate to your financial reports because account categories are used in the architecture of the balance sheet, income statement, cash flow statement, and retained earnings statement

Learn more about new features in Microsoft Dynamics NAV 2017

Posted by iCepts Technology Group, Inc. - A Pennsylvania Partner for Microsoft Dynamics NAV 2017

About iCepts Technology Group, Inc. Middletown, PA

We are a Microsoft Dynamics NAV Partner offering implementation, service, and support for Microsoft Dynamics NAV in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region. We also offer implementation, service, and support for Accellos One Warehouse Management Systems in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region.

As experienced SCM, WMS and ERP consultants and value added resellers (VARs), we provide start to finish services for the solutions we represent Microsoft Dynamics NAV for Distribution and Manufacturing, Accellos Warehouse Management System (WMS), Server virtualization, open source VOIP phone systems and infrastructure and security. We provide services that cover process analysis, implementation, training, security and networking. Naturally, we also provide full ongoing support for years after implementation to help our clients succeed. We are your one stop shop for your business technology needs.

Phone: 717.704.1000

Email: info@icepts.com

Another version of this article was previously posted by iCepts Technology Group, Inc.- A Pennsylvania Microsoft Dynamics NAV Reseller on June 15, 2017 by Greg Miles - Microsoft Dynamics NAV 2017 Feature Highlight -Account Categories

Photo courtesy of freedigitalphotos.net by sscreations.