Dear Group Memebers
We have task to integrate MS Nav 2017 in company with ifrs and tax accounting. In my last work where there were Oracle Business Suite there were 2 modules in system TAX and IFRS.
Some entries posted in both modules, some entries posted only in ifrs. We calculate some enties and posted manually them in ifrs module, or calculate tax and post them manually through journals to tax module. FA depreciation, inventory accounting were different in these modules.
I want to know, is there another way to integrate MS Navision? Or there should be 2 modules?
Where I can read articles, books, materials regarding this question?
As standard IFRS and the TAX (IAS?) Posting option does not exist in NAV.
Only Solution is to create a specific set of G/L accounts for IFRS or TAX (IAS?) and then manually do the postings in the Chart of Accounts.This method is used in several installations worldwide (companies like Falck, Carlsberg, Egmont Entertainment).
If you upgrade to Dynamics 365 Business Central there are a few improvement as far as I know - but you still have to do the manuel prosting (but you get a little help)
Take a look here: