I was wondering if someone might be able to help me or point me in the right direction.
I have been investigating what options are available to the company I work for in order to improve the way we record and analyse our revenue and costs. We already use dimensions in order to allocate our income/costs to different divisions of the company however I have been researching using cost centres (and cost accounting in general) in order to better split costs between various departments and product types.
I've looked at the principles behind this and it seems that using various cost centres such as Sales, HR, Finance and Production (for our direct costs) might help. Likewise we might want to use cost objects in order to break down income and costs between various different products.
However I am firstly unsure whether this would be what we need. Ideally we would like to be able to break overheads down between various departments (including direct production and COGS) however I don't know if this would be better and more simply served by having another set of dimensions and posting continue overheads to the same g/l accounts, then doing "analysis by dimension".
I am also unsure if our current version of Navision would be able to support cost accounting. We are using NAV 2009 R2 (I am actually using the classic view which I understand is Dynamics 6.0 but they run on the same database and are both used concurrently). Can anyone please advise me whether this is even a possibility with what we have or would an add on or even an upgrade to a newer version of Navision be required? I currently cannot see anything within our version that relates to cost centres.
Sorry for the rather vague question, I am just beginning researching this and would greatly appreciate any help that is on offer regarding the various options available. I have searched for existing questions on cost centres however most of these involved systems already set up and didn't at all address the suitability question.
Many thanks in advance,
Please note I have posted this question in another forum but I am hoping to perhaps reach other users who don't use them so I apologise if you've seen this already.
You need nav 2013 to use new and redesigned native cost accounting feature (Based on old nav 5 Suisse and others localizations with cost accounting features)
With nav 2009 r2 you can use dimensions and analysys by dimensions feature only if you haven't any of ones localizations (and license)
Look at this NAV Msdn post about cost accounting:
And this on Nav team blog:
On nav 2009 you can buy and use some addons about analitical ledger and cost accounting or use the Suisse localization that mantain the old nav 5 cost accounting feature.
Look at this doc about Nav 5 (nav 2009 is the same)
Roberto Stefanetti, Dynamics Community Moderator-NAV
My Blog http://blogs.dotnethell.it/DynamicsNAV
Thank you very much Roberto for your response, I will look further into these options and see if they will be what we need.