General Ledger Streamline accounting processes and strengthen control of your organization’s finances with General Ledger in Microsoft Dynamics® NAV 2009. With integrated data, intelligent transaction processing, and robust analytical and reporting capabilities, you can reduce the time and effort you spend on accounting tasks, monitor your organization’s fiscal performance, and help meet regulatory requirements. 
With account schedules, you can easily analyze general ledger data and make fast, confident decisions. 
General Ledger in Microsoft Dynamics NAV gives you flexible options and tools for setting up a company and posting for charts of accounts, general journals, value-added tax (VAT) facilities, recurring journals, and source codes. Role Centres extend this flexibility by providing personalized access to relevant tools and information, such as sales order and customer information, task notifications, and Microsoft® Office Outlook® data. Built-in business intelligence tools enable you to monitor key performance indicators (KPIs) and access reporting tools—all from your Role Centre. Work with a solution that adapts to your business to help ensure your financial operations are precise, efficient, and transparent. You can customize your general ledger for intercompany transactions and inter-fund accounting that spans geographies, or organize financial operations by company and consolidate different charts of accounts into one merged or parent company. Benefits Gain efficiency and boost productivity.
Streamline routine accounting practices with automated financial processes and an intuitive RoleTailored interface that presents common tasks. Make informed, data-based decisions.
Use powerful business intelligence tools to analyze real-time data, monitor performance, identify financial trends, and spot potential problems. Capitalize on global opportunities.
Help meet the most demanding international accounting requirements and conduct business internationally with flexible accounting processes and multicurrency support. Improve data integrity.
Centralize all your core financial data—including actual, budget, foreign currency, and average balances—in a single ledger. A single posting process automatically synchronizes summary balances to provide up-to-the-minute data. Achieve financial transparency.
Integrated systems, shared data, and drill-down capabilities help provide a clear view of your financial transactions. Entry numbers associated with each posting can help you track transactions for auditing purposes. General Ledger Features | Business Essentials |
|---|
Role Centres | - Accounting Manager
- Bookkeeper
| Flexible accounting periods | - Define any start date for your fiscal year and specify your own accounting periods to be used with budgets, statistics, and reports.
- Transfer year-end results to the balance sheet and simultaneously balance out all income statement accounts.
| Multiuser environment | - Create as many journals as you want, each with its own document number series.
- Work in general journal while others are entering and posting data at the same time.
| Bank account management | - Manage an unlimited number of bank accounts in both local and foreign currencies.
| Automated transactions | - Simplify transaction management with general, recurring, and auto-reversing entries.
- Post frequent transactions to your general ledger using a recurring journal.
- Assign a fixed amount to each line in the journal and choose how often the line should be posted with updated data.
| Record-level security features | - Help protect confidential financial data with role-based access rights to information.
| International trade and multiple currencies | - Conduct business and manage customer and vendor accounts using unlimited currencies.
- Maintain your general ledger in two different currencies.
| XBRL support | - Distribute financial information over the Web or by e-mail.
- Help simplify reporting across multiple formats with support for Extensible Business Reporting Language (XBRL).
| Dimensions | - Analyze and correlate performance by assigning financial data that identifies characteristics or “dimensions” such as product, sales region, and time period.
- Assign multiple dimensions to each budget entry; filter your budget by up to four dimensions to create sub-budgets that match your organizational structure.
| Account schedules | - Create complex account schedules using dimensions.
- Improve reporting with advanced options for selecting what to display in row and column combinations, such as showing debit amounts only when there is a balance.
| Detailed audit trails | - Help comply with financial regulations with data tracking and detailed audit trails.
- Access general ledger entries through the chart of accounts, in which each entry is assigned an entry number, transaction number, source code, reason code, and user ID when it is posted.
| Change log | - Improve error traceability with a change log that lists chronologically all direct modifications made to master data with an associated user ID.
| Intelligent transaction posting | - Check journal balances before entries are posted, find out how entries will affect your liquid accounts, and make necessary adjustments before you post the journal.
- Back out or reverse a posting or an entire journal and post corrected entries while maintaining full audit control.
| | Advanced Management |
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Intercompany transactions | - Define multiple intercompany relationships between the parent and partner or subsidiary companies in your organization with the ability to span geographies.
- Manage single-use or recurring transactions and distribute purchase order costs directly to subsidiaries.
| | Advanced Management+ |
|---|
Detailed budgets | - Create budgets with a breakdown of every general ledger account and every total in the chart of accounts; then, print actual balances and show variances by percentage.
| | Business Essentials/Advanced Management+ |
|---|
Multilanguage support | - Switch languages in real time, provided the language is supported.
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Features are organized by Business Ready Licensing edition. Actual editions may vary at the time of licensing. The Advanced Management edition includes all functionality of the Business Essentials edition and adds functionality to meet expanding business needs. |
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