Service Contracts give you a tool for recording and tracking service agreements between you and your customers. In this session, we will review how you can set up Service Contracts manually, or with a contract template. We will discuss the billing options for the Service Contracts and the setups related to Prepaid versus Non-Prepaid Service Contracts. Prepaid billings can be directed to deferred revenue account and Non-Prepaid billings can be directed to a regular revenue account.
As senior advisor and trainer at NVS, I bring over 2 decades of leadership in ERP, Finance, Operations, and Business Integration across diverse industries, from retail to GPS technology, to help our business partners turn around problems, save costs, and navigate change. I’m most energized when empowering clients to grow their knowledge and maximize use of Microsoft Dynamics 365 Business Central/NAV platforms. After having led teams as President, COO, Controller, and Project Manager through multiple M&A transactions and over 50 successful NAV ERP implementations, I’m still guided by the age-old principle that “Attitude is Everything.” Teams can triumph through turmoil when they’re inspired to persevere and remain mission-focused.