Microsoft Dynamics NAV is a complete Enterprise Resource Planning (ERP) solution and the continued development of this popular system continues with the new release of Dynamics NAV R2 with new application changes and web services enhancement. Here are some of the new Cash Management changes in NAV 2013 R2.
SEPA Credit Transfer
You can pay your vendors according to the SEPA standard for credit transfers. When you have set up the Payment Export Format field on your bank account to create SEPA payment files, then any SEPA-based purchase invoices in the Payment Journal window can be exported to a SEPA payment file for processing by your bank.
Note: In local versions of Microsoft Dynamics NAV, exporting vendor payments according to local payment standards, such as bank-account transfer and giro cards, works in the same way as for SEPA payment export. You select from the implemented payment standards in the Payment Export Format field in the Bank Account Card Window.
Bank Statement Import
For automatic payment processing and bank reconciliation, you can use a bank file import function to quickly populate the General Journal and Bank Acc. Reconciliation windows based on setup of the involved bank file formats.
Note: To use this functionality, you must implement the required bank file formats and all related actions and fields must be added to the user interface. Contact your Microsoft Certified Partner for more information.
Payment File Export
You can export payment files from the Payment Journal window to your electronic bank site as the last step in processing vendor payments. You must set up your vendors, bank accounts, and payment methods to export your payment files according to the SEPA for credit transfers. For more information, see the “How to: Exports Payments to a Bank File”.
Note: In local versions of Microsoft Dynamics NAV, exporting vendor payments according to local payment standards, such as bank-account transfer and giro cards, works in the same way as for SEPA payment export. You select from the implemented payment standards in the Payment Export Format field in the Bank Account Card window.
Payroll Data Import
You can import payroll transactions sent to you by your payroll provider into the General Journal window to post the transactions to general ledger accounts or bank accounts in connection with paying salaries. For more information, see the “How to: Import Payroll Transactions” topic in Application Help.
Note: To use this functionality, you must implement the required bank file formats and all related actions and fields must be added to the user interface. Contact your Microsoft Certified Partner for more information.
Download the completed document: What’s New in Microsoft Dynamics NAV 2013 R2
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