Your smart financial management in Dynamics 365 Business Central.

Manage your accounts payable centrally in Dynamics 365 Business Central. Create invoices and process all payments (e.g. from accounts payable, to employees, checks).

Manage your debtors easily in Dynamics 365 Business Central.

Payments to debtors and reconciliation of bank accounts can be done automatically. It is also possible to reconcile accounts receivable payments from lists, the cash receipt journal or from customer ledger entries.

Insolvency forecast
In case of insolvency, it is possible to block a customer. To help you keep an eye on possible insolvency, Dynamics 365 Business Central forecasts which customers are likely to be late in paying.

Simply remind your debtors of overdue amounts and automatically calculate the interest and fees due.

In order to determine the success of a company on an accrual basis, accrual calculations are necessary. In Dynamics 365 Business Central, you can perform these accruals and deferrals automatically using a predefined plan.

Bank accounts are managed in Dynamics 365 Business Central as a separate subsidiary ledger. They are required for payment processing in Dynamics 365 Business Central. On the Bank Account Reconciliation page, you reconcile your bank accounts and can make automatic payments.

You have several ways to manage budgets in Dynamics 365 Business Central. Of course, you can manage multiple budgets for the same period by setting up budgets with different names. First you set up the budget name and enter the budget numbers. The budget name is then assigned to all budget items you create.

In addition, there are many different ways to evaluate budgets in Dynamics 365 Business Central, such as:

• financial reporting based on charts of accounts containing budget entries
• analysis of budgeted amounts versus actual amounts in the chart of accounts

The chart of accounts in Dynamics 365 Business Central allows you to manage your financial data. The system provides a standard chart of accounts that you can use or modify, such as adding new accounts.

G/L accounts are set up according to the chart of accounts. G/L accounts are the core of financial management in Dynamics 365 Business Central.

If your business consists of more than one company, it is possible to summarize the financial statements accordingly.

In Dynamics 365 Business Central, you can create a consolidated balance sheet report in the Accountant Role Center. This gives you an overview of the financial status of your overall business.

Bank accounts can be managed in foreign currencies in Dynamics 365 Business Central.

In Dynamics 365 Business Central, you manage all assets and can also make depreciation adjustments. You can also keep an eye on maintenance costs, manage insurance, book asset transactions, and generate customized reports and statistics.

Dynamics 365 Business Central offers some functions for mapping intercompany transactions. This requires a common chart of accounts and agreement on a set of dimensions for intercompany transactions.

The following functions are included:

• set up of intercompany transactions per company
• set up the intercompany partners
• set up of intercompany creditors and intercompany debtors
• set up of Intercompany Partner G/L accounts
• set up intercompany dimensions

XBRL (eXtensible Business Reporting Language) is an XML-based language designed to provide a standard for the consistent reporting of financial data (e.g., financial analysis). Dynamics 365 Business Central makes it possible to implement this standard.

Taxonomies are available at www.xbrl.org. You can download taxonomies or get more information from the XBRL website.

With the app NAPA 3 from Haveldata you can easily make wage payments.

Dynamics 365 Business Central supports transactions for employees similarly as to creditors. When employees spend their own money on business activities, you can post the costs to the employee’s account. Then you can refund the costs to the employee by making a payment to the employee’s bank account, similar to how you pay vendors.

Times can be recorded in Dynamics 365 Business Central via timesheets. In addition, we work together with our partner Tempras, whose app TempVision is an integrated solution for time and enterprise data collection, resource planning and access control.

Use the Continia Expense Management app to integrate simple and transparent expense reporting into your ERP solution. Let your team submit expenses via browser or mobile app and approve them centrally and conveniently.

The expected level of liquidity is determined as part of the cash flow forecast or liquidity planning. This is very important to ensure the solvency of a company.

Based on the currency assets of the previous period, the system creates a periodic compilation and calculation of the forecasted operating income and expenses. The liquidity surplus or deficit is then calculated.

Integration of Cortana Intelligence
By integrating Cortana Intelligence, you can improve your planning. Because it also includes documents whose due date is in the future.

The calculation of the contribution margin of items is especially important for correct price calculation. You can of course map this process in Dynamics 365 Business Central.

Multi-level contribution margin calculation (customisation)
If the simple contribution margin calculation is not sufficient for you, we can extend it by an individual development. This will provide you with a selection of additional key figures you require to control your company and you can set your costs (e.g. cleaning, maintenance, electricity costs) in relation to direct (e.g. advertising income) and indirect income (e.g. ancillary services such as printing).

CKL’s app Cost and Performance Accounting is a tool for cost control (internal performance accounting). The add-on for Dynamics 365 Business Central/Dynamics NAV provides you with quick and clear information about the revenues and costs of your company.

Are you wondering to what extent the app extends the system standard? Our technology interpreter Theo has prepared a detailed comparison of system standard and add-on for you.

Cost centers are departments and profit centers that are responsible for costs and income of a company.

Cost objects are products, product groups, or services of a company. These are the finished goods of a company that carry the costs. You can link cost centers to departments and cost objects to projects in your company.

You define a chart of cost types with a structure and functionality that resembles the general ledger chart of accounts. You can transfer the general ledger income statement accounts or create your own chart of cost types.

With the Microsoft-certified SNC/DATEV interface for Microsoft Dynamics 365 Business Central Cloud, you automatically convert your accounting and master data into a DATEV-compliant format. This enables direct and smooth data transfer to your tax advisor’s financial accounting system – and vice versa back to you.

Many companies outsource the collection of payments. For this purpose, we simply implement an interface to a debt collection company.

We program an interface for Elster exports for you.