Introduction to MS Dynamics NAV (Basic of payments) Ing.J.Skorkovský,CSc. MASARYK UNIVERSITY BRNO, Czech Republic Faculty of economics and business administration Department of corporate economy General Journals and its use in G/L •It enables to post and apply payment to „open“ invoices •It enables to post an amount from one account to another •Recurring operations (periodic posting of similar transactions) are much more easier General Journals and its use in G/L •You use the General Journal window to post transactions to G/L, bank, customer, vendor and fixed assets accounts. In a General Journal (GJ), you enter the relevant information for the planned transaction, such as the posting date, amount and the accounts you want to post to. The information you enter in a Journal is temporary and can be changed as long as it is in the Journal. • •If you often use the General Journal to post the same or similar journal lines, for example, in connection with payroll expenses you can you periodic one call Recurring Journals. • How to access GJ Applying principles Apply From customer 10000 by Ctrl-F7 Invoice Impacts to G/L (General Ledger Entries) 6110 Sales Retail Domestic 5610 Sales VAT 25% 2310 Customer Domestic 123,30 154,13 30,83 154,13 154,13 2920 Bank Account Applied payment General Journal Structure •GJ structure 6 Code 10000 represents through Customer Posting Group G/L Account 2310 Code NBL represents through Bank Account Posting Group G/L Account 2920 See list of open documents on the next slide Posted Entries of different types( Customer Entries, Payment Entries, Credit Memo Entries,…..) •Posted Customer Ledger Entries 7 Select document and click on the OK button to see it (or use Navigate icon) Create new Sale Order •Preparing data for simple example Customer 10000 Change manually Unit price to 150 in order to get more simple data later !!! Customer Ledger Entries – see our PWP show about SO •Customer Ledger Entries Author modified columns of CLE to se fields Open and Entry number as well !!!! G/L Journal is prepared to be posted •G/L Journal prepared to be posted 10 GJ after application entry for setup payment •GJ after application entry How to find out what we have done so far • How to find out what we have done so far • (Debit side = plus and Credit side=minus) !!!!!! 6110 Sales Retail Domestic 5610 Sales VAT 25% 2310 Customer Domestic 2920 Bank Account Applied payment 183,75 187,50 9250 Payment discount granted 3,75 187,50 37,50 150,00 Additional tasks • * Prepare Purchase order and post it (F9) * Enter data to General Journal (Vendor, bank account and so on) * Post GJ * See Vendor entries * Use icon Applied entries to see applied pair !! * Can we do Unapply entries for Customer (Vendor) entry window ? End of the section (Basic of payments)