Business Systems Solutions - Receivables and Payables Fact Sheet

Receivables and Payables Management

Microsoft Business Solutions-Navision gives you an efficient vendor and customer management system that helps you strengthen business relationships.

Microsoft Navision helps you take complete control of your money by keeping detailed records of every purchase and sale. With it, you can maintain comprehensive transaction records in receivables and payables as well as the general ledger and inventory application areas. The integrated structure of Microsoft Navision transforms ordinary payables and receivables into account management tailored for maximum efficiency.

The receivables and payables application areas consist of customer and vendor databases that store all the information you need to manage customer and vendor relationships, including contact information and discount terms, as well as historical information for each account. The flexible Microsoft Navision environment allows you to customize these databases so you can do business more effectively.

The receivables and purchases areas are fully integrated with the rest of Microsoft Navision. The system records all customer or vendor transactions on the relevant customer or vendor account automatically, and a number of specified accounts in the general ledger, for example, for a sale:

Sales accounts
Receivables accounts
Cost of Goods Sold accounts
Sales Tax or VAT accounts
Discounts (e.g. payment, item and quantity discounts)

View all customer or vendor transactions for all accounts or specific accounts from your Chart of Accounts, journals, account cards and so on:

Use the Navigate feature to locate all entries posted with the same document number and posting date. In the Navigate window, you can see the type and number of entries made and view the entries directly, so you can find all related documents in one simple search.

This is possible for both internal and external document numbers, such as Customer Purchase Order numbers and Vendor Invoice numbers.