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Answered

Best way to track ongoing / recurring payments in Dynamics NAV

Posted on by Microsoft Employee

Simple question I guess. But interested to see what is the opinion of everyone on what is the best way to track ongoing regular / variable payments in Dynamics NAV e.g Rent, Subscriptions etc.

Would you used blanket orders or would you use recurring payment journals. What would be the difference?

  • Verified answer
    TeddyH Profile Picture
    TeddyH 12,861 Moderator on at
    RE: Best way to track ongoing / recurring payments in Dynamics NAV

    Purchase Invoice with Standard Vendor Purchase Code.

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Best way to track ongoing / recurring payments in Dynamics NAV

    Ok thanks. If I did want to print out a document what would be the best option?

  • Verified answer
    Gulshan Shubham Profile Picture
    Gulshan Shubham 2,200 on at
    RE: Best way to track ongoing / recurring payments in Dynamics NAV

    I believe that if you don't need to print the document then its best to for Recurring Journal.

    Pros of using Recurring Journal:

    1) Recurring journal preserve the line for the next transaction to be held as per the formula set.

    2) Multiple types available i.e. Fixed, Variable, Balance etc. to accommodate multiple scenarios making the transaction optimised.

    3) Expiry Date field provided which would restrict the posting of transaction exceeding the provided date.

  • Suggested answer
    TeddyH Profile Picture
    TeddyH 12,861 Moderator on at
    RE: Best way to track ongoing / recurring payments in Dynamics NAV

    Recurring journal for simplicity. Blanket Order is not designed for regular payment.

    Unless you need to print the document, journal should be enough.

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