Financial Management

As we said, financial management is the epicenter of Dynamics NAV. Actually, accounting is the epicenter and general ledger is included inside the financial management area. What else can be found here? The following screenshot shows the main page of the Financial Management department:

We'll give a few details about each of these areas.

General Ledger

Accountancy is the act of recording, classifying, and summarizing in terms of money and the transactions and events that take place in a company. Accountancy is thousands of years old; the earliest accounting records, dating back to more than 7,000 years, were found in Mesopotamia. The fact that it survived this long must mean that it's important.

Of course, nowadays we don't use the same accounting system, but it is interesting that accounting is useful in every single company, no matter how different it is from any other company. Probably the fact that keeping accounting records is mandatory...