1. Accounts Receivable in NAV
Amanda Mayer, New View Strategies
@NAVUG

2. Amanda Mayer Independent Trainer and Consultant Former NAV Customer Former Corporate Controller Used NAV since 2009 NAVUG member since 2011 NAVUG All Star since 2015 Blog at

3. Agenda
Standard NAV features
Customers
Sales
Receivables

4. What’s in a Customer

5. Customer Card - Invoicing
Sell to one Customer, bill a different one
Foreign Currency
What is your base currency?
Posting Setups
What currency is the customer order \ required invoice?
Discounts

6. Customer Card - Payments
Payment Terms
Print Statement
Partner Type
Preferred Bank Account

7. Customer Card – Shipping
Location Code
Shipment Agent
Shipping Advice
Agent Service
Shipment Code

8. Sales – It’s all about controls

9. Who should have access \ do what?
Sales Orders
Warehouse Shipments
Items
Everything else
Document Approval

10. Standard Sales Codes Sales Orders Sales Invoice
Create Standard Sales Code
Add Sales to Customer

11. Vouchers & Receipts

12. Payment Terms - General
Document date controls the calculation of payment terms
Payment terms table is shared by both customers and vendors
Manage discounts through payment terms
Manage strange due dates (i.e first of the month, last day of the month)
Due date can be updated if document date was incorrect for posting

13. Payment Terms - Examples

14. Multi-Currency

15. Multi-Currency Payments – General Ledger
Home Currency = blank
LCY code = Home currency code (i.e. USD, GBP)
Appln. Rounding Precision = amount up to which exchange gain / loss will be recorded

16. Multi-Currency Payments - Receivables
Appln. Between Currencies – All
Allows system to automatically record exchange gain / loss

17. Multi-Currency Receipts - Currency
Unrealized gain \ loss = revaluation entries
Realized gain \ loss = financial settlement of foreign currency

18. Multi-Currency Payments – Exchange Rates
Base currency (USD) is 100
Foreign currency (AUD) is 100 * current exchange rate
i.e. 100 *
Use 100 instead of 1 increases the accuracy of FX calculation

19. Other

20. Other functions Sales Journal Prepayments Deposits Refunds
Due Date Editing
Sales Tracking – Order Entry change of Bill-to
Corrective Credit Memo vs Correct

21. Q & A

22. Thank You Contact: amanda@newviewstrategies.com
Please remember to complete the webinar survey and check out my future webinars and Academy classes for Accounts Receivable and Accounts Payable this year.
@NAVUG