Hello, I'm relatively new to NAV so do excuse me if my question is basic.
I wish to load, account and then control capital expenditure in the company.
So far the capex expenditure budget has been controlled via XL outside the NAV software. I now want to discard the XL and make NAV control it.
Example: The Board of Directors have authorised capex of $ 30,000 for machinery and $ 20,000 for a vehicle for the financial year 2021.
a) where do I load this budget in NAV (in which module)
b) Once loaded I now want to buy a machinery worth $ 6,000 in May 2021. Do I create a PR before a PO or do I create a PO straightaway.
c) In the above is the creation of the PR mandatory? i.e. it wont allow me to create a PO unless there is a PR?
d) What step triggers the reduction in my budget? So the budget for machinery was $ 30k. If a PR is created for $6k now will it reduce the budget to $24k?
I do not want to know the detailed screen-by-screen solution (that will come later). At the moment an broad overview will be very useful.
Thank you. Rgd Jamshed
