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An Overview of the Chart of Accounts in Microsoft Dynamics NAV

The chart of accounts is a listing of all accounts used in the general ledger of an organization. The chart is used by the accounting software to aggregate information into an entity's financial statements. The chart is usually sorted in order by account number, to ease the task of locating specific accounts. The accounts are usually numeric, but can also be alphabetic or alphanumeric.  Sample Chart of Accounts Accounts are usually listed in order of their appearance in the financial statements, starting with the balance sheet and continuing with the income statement. Thus, the chart of accounts begins with cash, proceeds through liabilities and shareholders' equity, and then continues with accounts for revenues and then expenses. Many organizations structure their chart of accounts so that expense information is separately compiled by department; thus, the sales department, engineering department, and accounting department all have the same set of expense accoun
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Microsoft Dynamics NAV Versions. Microsoft Dynamics NAV 2009,2009R2,2013,2015,2016,2017,2018 and more earlier versions. Microsoft Dynamics NAV Uganda.

Microsoft Dynamics NAV product has gone through several name changes over the time. Initially "Navigator" was used in Denmark, although most Danish users knew it as "IBM-Navigator", as IBM distributed the software. Internationally it was sold as "Navision", except in the U.S., where it was called "Avista". The names "Navision Financials", "Navision Solutions", "Navision Attain", "Microsoft Business Solutions - Navision Edition", and - as of 2014 - "Microsoft Dynamics NAV" (pronounced N-A-V, except in the U.S. where most[quantify] customers simply say "nav" - short for "Navision") have all been used to refer to this product.

Fig 1: Microsoft Dynamics NAV Versions


Below are the Different Versions Dynamics NAV has gone through - Windows based Navision versions from 1.00 onwards:

• Navision Financials 1.00: 1.00, 1.00A, 1.00B, 1.10, 1.10A, 1.20, 1.30
• Navision Financials 2.00: 2.00, 2.00A, 2.00B, 2.00C, 2.01, 2.01A, 2.01B
• Navision Financials 2.50: 2.50
• Navision Financials 2.60: 2.60, 2.60A, 2.60B, 2.60C, 2.60D, 2.60E
• Navision Financials 2.65: Introducing the NAS (Navision Application Server)
• Navision Solutions 3.00: 3.00
• Navision Attain 3.01: 3.01, 3.01A, 3.01B
• Navision Attain 3.10: 3.10, 3.10A, 3.10B
• Navision Attain 3.60: 3.60, 3.60A
• Microsoft Business Solutions Navision 3.70: 3.70, 3.70A, 3.70B
• Microsoft Business Solutions NAV 4.00: 4.00, 4.00 SP1, 4.00 SP2, 4.00 SP3
• Dynamics NAV 5.00: 5.00, 5.00 SP1
• Dynamics NAV 2009: ("6.00") 2009, 2009 SP1, 2009 R2
• Dynamics NAV 2013: ("7.00") 2013, ("7.1") 2013 R2
• Dynamics NAV 2015: ("8.00") 2015
• Dynamics NAV 2016: ("9.00") 2016
• Dynamics NAV 2017: ("10.00") 2017
• Dynamics NAV 2018: ("11.00") 2018

Brief History

Microsoft Dynamics NAV originates from Navision, a suite of accounting applications which Microsoft acquired in 2002.

Navision originated at PC&C A/S (Personal Computing and Consulting), a company founded in Denmark in 1984. PC&C released its first accounting package, PCPlus, in 1985 - a single-user application with basic accounting functionality. There followed in 1987 the first version of Navision,[1] a client/server-based accounting application that allowed multiple users to access the system simultaneously.[2] The success of the product prompted the company to rename itself to Navision Software A/S in 1995.

The Navision product sold primarily in Denmark until 1990. From Navision version 3 the product was distributed in other European countries, including Germany and the United Kingdom.
In 1995 the first version of Navision based on Microsoft Windows 95 was released.

In 2000, Navision Software A/S merged with fellow Danish firm Damgaard A/S (founded 1983) to form NavisionDamgard A/S.[3] In 2001 the company changed its name to "Navision A/S".
On July 11, 2002 Microsoft bought Navision A/S to go with its previous acquisition of Great Plains. Navision became new division in Microsoft, named Microsoft Business Solutions, which also handled Microsoft CRM.[4][5]

In 2003 Microsoft announced plans to develop an entirely new ERP system (Project Green). But it later decided to continue development of all ERP systems (Dynamics AX, Dynamics NAV, Dynamics GP and Dynamics SL). Microsoft launched all four ERP systems with the same new role-based user-interface, SQL-based reporting and analysis, SharePoint-based portal, Pocket PC-based mobile clients and integration with Microsoft Office.

In September 2005 Microsoft re-branded the product and re-released it as Microsoft Dynamics NAV.[6]

In December 2008 Microsoft released Dynamics NAV 2009, which contains both the original "classic" client, as well as a new three-tier GUI called the RoleTailored Client (RTC).[7]

In October 2013, Microsoft released Dynamics NAV 2013, which was available with the RTC only, and introduced support for 64-bit Windows operating systems as well as a redesign of storing dimension sets, interoperability with SharePoint, and a web client.

In October 2014, Microsoft released Dynamics NAV 2015. This version’s improvements feature the tablet client, document reporting using Microsoft Word, Bank Integration, and more.

In October 2015, Microsoft released NAV 2016 features enhancements in reporting and email integration, deferral accounting, and posting preview function.

Microsoft continues to invest in Dynamics NAV and is now on an annual release cycle.

Microsoft Dynamics NAV Uganda – www.adroitltd.com

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