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Small and medium business | Business Central, N...
Suggested Answer

Where to view the financial health of the company in Navision 2018?

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Posted on by 5,085

Hi,

I would like to find out if it is possible to see the financial health of the company in Navision?

Is this something which can be determine by just one single report, such as the Balance Sheet ?

Thank you.

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  • Suggested answer
    Dirk Profile Picture
    Microsoft Employee on at

    Hi,

    Hmmm ... I think that depends how you define the financial healthof a company.

    This can be a start of an interessting discussion.

    If you would need to take a loan the bank would probably request a set of reports and data showing the financial health of your company.

    If you want to look at the result of posted G/L transactions you can certainly create an Account Schedule or a set of Account Schedules.

    But is this enough information about the financial healthof a company?

    If you want to look at some more than the result of posted transactions and want to look a bit into the next periods then you can also inherit Budgets (if you are good at budgeting) and get an impression if also "tomorrow" the company is in good health.

    If this is all set up well then it should also be an easy task to get an overview ... like printing a single account schedule report.

    And next step could be to set up and use the "Cash Flow" functionality where you can get combined view on registered transactions on G/L Accounts, budgeted data and also expected payments (based on open orders and it's payment terms).

    Also the result of the cash flow calculations can be printed on a single report.

    Does this go into the right direction?

    Thanks

     Dirk

  • Suggested answer
    Community Member Profile Picture
    on at

    Hello,

    Adding to Dirk's reply this one we can chat for hours on... Have you created the Accounts Schedules noted by Dirk? A Balance Sheet, Income Statement, Statement of Cash Flows, etc...  These are the starting point, for myself and my customers in establishing the Financial Reporting a company needs. You might need other reporting or analysis and you can use Account Schedules in conjunction with Analysis by Dimensions to perform Dimensional review.

    If you have not setup Accounts Schedules and have access to a Cronus database, there should be samples included. If not, please reply back and I will export my Account Schedule samples, as a package so you can import.

    Thanks and hope this helps.

    Steve

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