Hi,
I hope someone can point us in the right direction.
We are a small UK based company who will soon be opening new foreign branch’s in Norway and the Netherlands, we will need to produce branch accounts and complete foreign VAT returns. We will also need to produce consolidated accounts in the UK.
How do you propose is the best way to use Nav to account for this?
I guess one of locations / dimensions / cost centres is the way forward, where can I find more information for this? Your help is much appreciated.
Thanks,
Matt
Hi,
Without knowing all your business requirement, it will be difficult to point you in the right direction. If I understood you properly, you want to represent your branches inside your Dynamics NAV UK Company.
In all the implementations that I have been involved, branches were represented has a separate company / instance.
For example, for the Netherlands branch, it’s recommended to setup a new instance of Dynamics NAV with the Netherlands localization, ensuring that all the local legal requirements are net. Since, sales to your branch will be booked as an international sale and it will be displayed in your VAT reports.
You can setup dimensions to help you in your analytic reports but it all depends in your business requirements.
I hope, I could help you.
Nuno Maia