Chapter 1. The Sales and Purchase Processes
Sales and purchase are two essential business areas in all companies. In many organizations, the salesperson or the purchase department are the ones responsible for generating quotes and orders. People from the finance area are the ones in charge of finalizing the sales and purchase processes by issuing the documents that have an accountant reflection: invoices and credit memos.
In the past, most systems required someone to translate all the transactions to accountancy language, so they needed a financier to do the job. In Dynamics NAV, anyone can issue an invoice, with zero accounting knowledge needed. But a lot of companies keep their old division of labor between departments. This is why we have decided to explain the sales and purchase processes in this book.
This chapter explains how their workflows are managed in Dynamics NAV.
In this chapter, you will learn the following:
- What Dynamics NAV is and what it can offer to your company
- How to define the master data needed to sell and purchase
- How to set up your pricing policies
- What kind of documents you can issue
- The workflows inside the sales and purchase area
