Back to top

Public sector and budget organizations in NAV

The business information system Microsoft Dynamics NAV also offers a comprehensive tool for record-keeping processes and information management used by state departments, local administration units or nonprofit organizations. The information system Microsoft Dynamics NAV offers a comprehensive management tool for accounting and financing processes, management of all necessary analytic and sub-balancing sheets, connection with external tax applications, welfare and fee distribution systems, connection with application used for document flow control (Document services) and interconnection with human resources and payroll systems.

Basic functionalities of the business information system Microsoft Dynamics NAV:

  • financial accounting management for budgetary organizations, state funds, nonprofit organizations, municipalities and higher local self-governing units
  • managerial accounting processing necessary for company management
  • option to divide accounting entity into individual organizational units including a comprehensive access right solution, necessary to enter individual levels in the organization
  • option to connect managed and controlled accounting entities
  • accounting and budget management divided into individual organizational units according to required budget structure, interconnection of financial accounting system with budgeting system, record-keeping and management of budgetary obligation system, inspection of budget availability, record-keeping of budgetary changes at various levels in the organization, budget funds payment analysis
  • detailed management of receivables and liabilities account based on individual entities, currencies, organizations, etc.
  • record-keeping of fees pursuant to applicable local legislature
  • tax obligation and debt enforcement pursuant to applicable tax laws
  • management of cash and non-cash financial flows carried out by cash register management process, payment proposals, payment vouchers and interconnection with the electronic banking system
  • warehouse management - warehouse material movement recording using various evaluation methods
  • record-keeping process for all types of fixed assets, including leased or rented properties, including assets leased to parties, tracking of all asset movement including depreciation procedures
  • option to evaluate fixed assets based on financial values using various evaluation methods
  • record-keeping of repairs and fixed assets maintenance
  • investment management - long-term planning, construction project management
  • monthly and annual accounts closing statements in accordance with the the applicable Czech legislation
  • electronic statements and reporting based on requirements of the State central accounting information system