Many organizations’ fiscal year-end doesn’t match up with the calendar year-end. In fact, June 30 is a pretty common fiscal year-end. So if you’re in this boat, here’s your closing procedures refresher for Business Central/NAV, plus a handful of useful resources to get you started on your close.

As the clocks tick closer to the new year, we contemplate financial closing procedures to end 2022 on the right foot and put us in a prime position for entering 2023’s first transactions. So, how do you go about preparing for and closing out the year?

Community Summit NA is a once-a-year chance to gather with other Microsoft users in a space that encourages growth, collaboration, and knowledge sharing. There's something for everyone, and you'll leave feeling refreshed, inspired, and well-equipped to make real, positive change in your organization.

If you’re using NAV and considering a switch to Business Central, you may have many of the same questions our own clients have asked us. To help you make your most informed decision, here are our answers to the most frequently asked questions for a NAV to Business Central upgrade.

The story behind Business Central’s growth is steeped in Microsoft’s history, and it brings clarity to the movement that many Dynamics GP users may not be aware of: though Microsoft has several ERP’s—including Dynamics GP and Dynamics NAV—Business Central is now Microsoft’s premier midmarket ERP solution. Undoubtedly, if GP is near and dear to you, you will not be on board with a migration without first knowing the answer to this question: why should a business move from an ERP they are comfortable with (such as GP) and forge ahead with a new ERP?

We’ve compiled the most frequently asked questions, and our answers, on the subject.

This year, Community Summit is October 12-15 in Houston, Texas. We’re revving up for our trip! Are you? We’ve already written a blog about how to get the most out Summit, and we hope you add our booth and sessions to your calendar when you sit down to strategize your time. We’ve compiled a complete list of where you can connect with us at Summit—including our booth and sessions—and we’ve also got a little surprise for you. (Yes, it’s a giveaway!)

The process of upgrading Dynamics NAV to Dynamics 365 Business Central is one that many businesses have reservations about. At Syvantis, we have upgraded many clients from NAV to Business Central and are familiar with the common concerns and how to alleviate them. ERP systems are absolutely vital for the day-to-day operations of many employees within these companies.

Performing an ERP system upgrade can be daunting. Upgrades typically take extended periods of time and costs can balloon depending on server and customization needs. For years, Dynamics NAV has been a tried-and-true ERP system that most organizations deploy on-premises. Making the jump from Dynamics NAV to Business Central is indeed a big project., but this upgrade to the cloud eliminates the need for costly in-house servers and prepares staff and business processes for an eventual move to Business Central.

There are a lot of ERP solutions out there, however, many organizations require an ERP system that can handle their multitude of unique processes and needs. No ERP is going to come out-of-the-box and fit the exacting needs of every organization. Dynamics 365 Business Central, like the rest of the Dynamics 365 platform, is highly customizable to be molded for individual needs.

Dynamics 365 Business Central utilizes a browser-based modern interface for all users to conduct their ERP processes in. With this modern interface comes personalization features for each user to update the interface to match their preferences and help them get their job done faster.

One such personalization feature that can make any job in Business Central easier is custom notifications. For example, an inventory manager can apply a notification to run when a specific item or item category is running low on availability.

At the Directions North America conference this past week, Microsoft announced a new Publisher program that is designed to overhaul the Independent Software Vendor (ISV) strategy for Dynamics 365 Business Central. The Directions conference is an event for Dynamics Partners to come together and collaborate to better service the small- and mid-sized business market.

Dynamics 365 Business Central is Microsoft’s premier mid-market ERP solution that supports a wide range of functionality to cover all business process that may be required by small- to mid-sized companies. The Business Central mobile app brings some of the great functionality to tablets and phones for on-the-go usage . The app is available on the Windows store, Apple store, and Google Play.

Dynamics 365 Business Central is a cloud-based ERP application with users accessing the system from a variety of web browsers and devices. Users of cloud-based applications like Dynamics 365 benefit from being able to access the system from anywhere with an internet connection – even on the go from their mobile device.

Like any system, there are tips and tricks for users that make their experience a positive one. In this blog we’ll cover various performance to ensure the end-user experience in Dynamics 365 Business Central is consistent and effective.

A major benefit of implementing Microsoft business applications like Dynamics 365 and Microsoft 365 is the interconnectivity between applications and data. Microsoft Excel is currently one of the most popular software applications available for viewing and manipulating data.

For users of Dynamics 365 Business Central, the integration between Business Central and Microsoft Excel provides the ability to view and edit financial data from Business Central directly in Excel and import it back into Business Central.

Many organizations support multiple companies and will also often have users that process data, documents, and other tasks from multiple companies within the organization. While these companies are part of the larger organization, they still need to process and track their individual financial and operations data. Dynamics 365 Business Central allows multiple environments and companies to be set up and has tools to assist users in more easily managing work across them.

Time sheets in Business Central are used to track resource time usage. These time sheets are most often used in tandem with jobs to track resource time to a specific job planning line.

Jobs in Business Central are a system that is used to manage projects that utilize resources and materials. Resources in Business Central can be employees or machines. Keeping track of the time used by resources is critical to ensure costs and billing can be properly calculated for each project.

As with most ERP systems, keyboard shortcuts and process tips can make the life of a day to day user so much easier. As a cloud-based application, Dynamics 365 Business Central includes many of these tips and tricks to speed up data entry and increase the efficiency of end users.

Sellers often offer multiple inventory items together as bundles, products that otherwise require some assembly prior to being shipped to the customer, or items customized to-order. These typically don’t involve extensive production processes and can be accomplished by one or a few employees.

In Dynamics 365 Business Central, these types of items are created via assembly orders which can improve process efficiency and decrease manual labor. For inventory management and selling purposes, assembly policies can be set to either assemble-to-order and assemble-to-stock.

Dynamics 365 Business Central is a comprehensive ERP system featuring a wide range of capabilities including manufacturing management. This diversity in functions allows Business Central to cover virtually all business processes for manufacturers.

For manufacturers that sell items assembled or otherwise produced from component parts and resources, Bills of Material (BOMs) are likely to be an integral business function. Business Central allows BOMs to seamlessly connect with all related processes because it manages not just inventory but also inventory, employee and machine resources, and sales documents.

One of the most crucial parts of managing a business is balancing supply and demand. Without proper balance, supply may be insufficient to meet demand causing a drop in customer satisfaction, or there may be too much supply thereby hurting profits. Dynamics 365 Business Central includes robust planning functionality to give guidance on purchase and production orders to ensure items are in stock and available for customers.