Understanding cash inflows and outflows is the key to running a successful business. Measurement of cash flow is not always easy. However, Microsoft Dynamics NAV 2013 provides tools to make this easier. You create a periodic calculation of the forecasted operational revenues and expenses to calculate the cash surplus or the cash deficit. According to these results, the company can take adjustment measures, such as credit reduction for a surplus, or borrowing if there is a deficit.
In your forecast, you can incorporate values from the General Ledger, Sales and Marketing, Purchasing, and Service.
- You set up your own chart of cash flow accounts.
- From the General Ledger, you get information about the liquid funds and the budgeted values of your company.
- From Purchasing, you get information about the current payables and any forecasted debts from open purchase orders.
- From Sales, you get information about the current receivables and any forecasted receipts from open customer orders.
- From Service, you get information about open service invoices.
- From Fixed Assets, if the planned capital expenditures are budgeted and future asset purchases are recorded, then you incorporate these values into the cash flow forecast.
- In addition, you can manage manual revenues and expenses and integrate them in the cash flow forecast.
- You can use various windows and reports to analyze and see the cash flow statistics that relate to availability and timeline overviews.
About Solution Systems
Solution Systems, Inc. (SSI) is a proven leader for manufacturers, distributors and service companies in and around Chicago, Illinois and the Midwest in delivering business management software, I.T. services and web development. Established in 1979, SSI is a Microsoft Gold Certified partner and President’s Club Award winner for Microsoft Dynamics NAV and CRM. Contact us today at 847-590-3000 or online at www.solsyst.com for a free evaluation and consultation on how we can help you streamline your business operations.
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