From the Microsoft Dynamics NAV Blogs: VAT Rate Change Tool in NAV 2013; Cost Accounting; Debugging; RDL vs RDLC

VAT Rate Change Tool in Microsoft Dynamics NAV 2013: The Microsoft Dynamics NAV team offers some info on this tool here.

Dynamics NAV helps streamline routine accounting practices with automated financial processes, according to the author of the post, Nuno Bento, a program manager at Microsoft.

Bento says in Dynamics NAV, you can set up multiple VAT rates using the VAT posting groups and general posting groups so that you can easily change VAT rates in order to maintain accurate VAT reporting. But companies often have thousands of open documents or journal lines where it would be time-consuming to manually update the VAT posting groups and general posting groups.

Not only that, but you'd also need to update master data such as items with the new default VAT posting groups and general posting groups due to the new VAT rate.

But Dynamics NAV 2013 offers a new tool so you can define what master data needs to be updated, match old posting groups to new posting groups, and implement the changes on open documents and journal lines.

You can read more about how this tool can accommodate changes in VAT rates here.

Cost Accounting in Microsoft Dynamics NAV 2013: The Dynamics NAV team also offers some insight into the cost accounting functionality in Dynamics NAV 2013.

Bento says the Cost Accounting feature gives management an accurate and immediate overview of the company's expenditures, including where the costs are originating (which ...