Discover the New AP Vendor Set-Up in NAV 2016

Ready to Upgrade?Microsoft Dynamics NAV 2016 allows you to partake in many different Accounts Payable processes, including vendor set-up and management.

Within the Accounts Payable role center, you are able to see a customized layout. When customizing the dashboards, it is useful to include a list of your company’s vendors. Using this list, you are able to select a vendor and view all of the vendor’s information and transaction history as it relates to your company.

Within these information pages, there is a General tab with the basic vendor information, such as name and address, a Communication tab that shows how to communicate with the vendor, and a Payment section that includes payment method, term codes, and IRS 1099 code. In addition, there is also a section of vendor statistics. These statistics show your balance and overdue amounts and the number of processed documents, including invoices and purchase orders. All of the information is available in a glance, making it easy to drill down and discover the information you need.

Another important feature within Microsoft Dynamics NAV 2016 is the ability to apply dimensions to your vendors. This will be useful for you and your company for any future analysis.

 

 

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