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Setting Up A Complete Company in Microsoft Dynamics NAV 2018:
Steps to follow:
1.) Create the Company
2.) Setup the Company Master Data
Master data is the core data that is absolutely essential for running operations
within a business
(Chart of Accounts, Items, Customers, Vendors, Users, Locations, Banks )
3.) Begin Trading i.e. Purchase and Sales of goods or services
Setup the Company Master Data:
i.) Master Data - Chart of Accounts
ii.) Master Data - Items
- General Product Posting Group
- VAT Product Posting Group
- Inventory Posting Group
iii.) Master Data - Customers
- General Business Posting Group
- VAT Business Posting Group
- Customer Posting Group
iv.) Master Data - Vendors
- General Business Posting Group
- VAT Business Posting Group
- Vendor Posting Group
v.) Other Setups
- General Ledger Setup
- VAT Posting Setup
- Inventory Posting Setup
- Inventory Setup
- Accounting Periods
- No. Series
- Purchase & Payables Setup
- Sales & Receivables Setup
- General Posting Setup
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