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Specific Costing Method and Serial Number Tracking in Dynamics NAV

Dynamics NAV allows us to choose between FIFO, LIFO, Specific, Average, or Standard Costing Methods I have not encountered many companies using the Specific Costing Method, but there seems to be some misunderstanding of how the Specific Costing Method requires Serial Number Tracking and vice versa.…

23 August 2013

Dynamics NAV & BC Tips & tricks

Provision for Landed Cost when Using Microsoft Dynamics NAV Standard Cost Method

There are times when a company wants to add “Landed Cost Elements” to inventory as part of the procurement process. This could be freight, duty, drayage, or storage. Bron : ArcherPoint Lees meer...

26 June 2013

Dynamics NAV & BC Functional Tips & tricks

Which Microsoft Dynamics NAV Costing Method Should Manufacturers Choose?

I am often asked by manufacturers, “Which costing method should we use in our Microsoft Dynamics NAV system?” Before addressing the question, let’s set the stage with some important definitions. Bron : ArcherPoint Lees meer...

15 May 2013

Dynamics NAV & BC Tips & tricks

Setup Best Practices: Costing Method

The Costing Method on the item card defines item’s cost flow is recorded and whether an actual or budgeted value is capitalized and used in the cost calculation. Setting the correct costing method according to item type and business environment is important to ensure economical inventories.…

7 March 2013

Dynamics NAV & BC Tips & tricks

Payment Methods and Automatic Application of Payments

When you are buying or selling something, there are two key things that you have to know: “How will it be paid for”, and “When is the payment due”? In NAV, the “How” is defined as the Payment Method, and the “When” is defined as the…

22 April 2012

Dynamics NAV & BC Tips & tricks

Application Method Field on Customer Card, Payments Tab

Recently, I have been asked what is the use of Application Method field on Customer card, on Payments tab? Without looking at the field, my initial response was Huh? (I have never used this field before). Bron : Navisionary Lees meer...

24 January 2012