Best way to track ongoing / recurring payments in Dynamics NAV

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Posted on by Community Member 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?

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TeddyH 12,868 Super User 2024 Season 1 on at

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RE: Best way to track ongoing / recurring payments in Dynamics NAV

Purchase Invoice with Standard Vendor Purchase Code.
Community Member Microsoft Employee on at

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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?
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Gulshan Shubham 2,200 on at

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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.
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TeddyH 12,868 Super User 2024 Season 1 on at

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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.