General Ledger is where you establish the fund accounting, currency management, and account validation rules. Choose from up to ten segments with 110 alphanumeric characters. Dynamics NAV's logical, table-driven chart of accounts allows you the benefit of being able to establish valid posting relationships for your organization, without having to create or enter lengthy, cumbersome posting codes.
Inter-fund transactions are automatically generated to make sure that all funds and fund types are always in balance. You can choose to balance your ledgers through a single control fund, multiple user-selected funds, or distributed funds. The distributed fund option allows you to automatically maintain Accounts Payable, Accounts Receivable, and Cash Control accounts by fund if you wish to eliminate due-to/due-from entries.
Several standard financial statements are available, including: Statement of Financial Position, Statement of Activities, and Statement of Cash Flows. These statements all follow applicable FASB/GASB standards. Financial statements can be run on-line with the ability to drill-down to detailed transactions, as well as drilling-down to the source documents such as vendor invoices.
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