Paid realisation, Unrealized revenues & expences

sonjap

Hi all

A company needs option to recognize the expences & revenues in the moment when they are actually paid and not at the moment when they are invoiced. I know that there is a feature for Unrealized VAT in Nav but we also need option for Unrealized revenues / expences which will be recognized when paid. So, at the moment of invoicing, the amount to be recognized on a temporary account, and after payment this account to be transferred o the appropriate GL for revenues or expences and the bank account to beclosed with the receivables or payables account.

Thank you in advance for your answer.

Sonja

SD-JR

hi Sonja,

There is not a standard feature for this in Nav and no real way of achieving it with mapping.

You wil either have to develop the function or look to a Nav partner with an addon to service the cash accounting sector.

Two I can think of are
simcrest - www.simcrest.com
and
serenic - www.serenic.com

Hope this helps

sonjap

Thanks a lot.

I just wanted to be sure that there is not standard feature in Nav.

Regards,
Sonja