January 2017
Beginner
222 pages
4h 14m
English
book
Microsoft Dynamics NAV 2016 Financial Management - Second Edition
by Anju Bala, Cristina Nicolas Lorente, Laura Nicolàs Lorente
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Closing the accounting year
When a fiscal year reaches its end and accountants have finished posting all the needed transactions, it is time to perform the required tasks to close the year.
In Dynamics NAV, this can be accomplished in just a couple of steps: closing the accounting periods and running the Close Income Statement batch process. After that, it is advisable to restrict allowed posting dates to prevent users from posting any transaction in a closed year. If needed, though, further transactions can be posted.
Closing accounting periods
To close the accounting periods, we perform the following steps:
- Navigate to Financial Management | Periodic Activities | Fiscal Year | Accounting Periods.
- Run the Close Year process found on the ribbon.
- You ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.