Expense management in NAV 2018

Introduction:

In previous versions of NAV, employees had to be set up as vendors to post expenses. Now, NAV 2018 allows expenses to be posted against employee cards, with a range of tools to simplify the process.

Features:

• In NAV 2018, in the Account type field a new value of Employee is added.
• Create Journal entries directly for employees – only supports local currency (LCY)
• Employee posting group, definable on the employee card.
• Make payments to the employee in the Payments Journal.
• Get payment suggestions with a full list of outstanding employee payments.
• Apply payments to open employee entries in one go, linking the payment to the employee journal entry and closing both.
• Correct mistakes with unapply payments.
• Posting a general journal line with Employee as account type or balancing account type will generate an employee ledger entry. When posting a general journal line for an employee, the Document type field must be either blank or set to Payment.

Conclusion:

This feature is very useful for Reporting purpose as well as to maintain Employee wise details in the system.