• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Business Central
  • Dynamics NAV
    • NAV 2018
    • NAV 2017
    • NAV 2016
    • NAV 2013
  • Others
    • About
    • Privacy Policy
    • Disclaimer
    • Contact Us

Navision Planet

This Blog is intended to help Microsoft Dynamics NAV / Business Central ERP developers as well as users. If you just go through these blogs you will understand what I have told is correct. The Blog will continuously get update with latest news. This Blog is handled by a group of Microsoft Certified Partners as well as Business Solution Specialists in Microsoft Dynamics NAV and Dynamics 365 Business Central. Feel free to mail us for any doubts.

  • LS Retail
  • Help Topics
    • Finance Module
    • Manufacturing Module
    • Warehouse Module
    • Administration
  • Navision Developer
  • GST
  • D365 Business Central
  • CU Update
    • Download Business Central

Closing Accounting Periods


How to Close Accounting Periods(Financial Year) In Navision?

To close the accounting periods in the Microsoft Dynamics NAV(Navision) you have to follow following steps:
  • 1)Open the Accounting Periods window(Financial Management –> Setup–> Accounting Periods).
  • 2)Click Close Year. If more than one fiscal year is open, the program assumes that the earliest one should be closed. It displays a message identifying the year it will close and explains the consequences of closing it.
  • 3)To close the year, click Yes.
Now the fiscal year is closed, and the program places a check mark in the Closed and Date Locked fields for all the periods in the year. Now the fiscal year cannot be opened again and you cannot remove the check mark from the Closed or Date Locked fields.
Following are the important points you have to note when you are doing the Close Financial Year In Navision
  • You cannot close a fiscal year before you create a new one. Notice that when a fiscal year has been closed, you cannot change the starting date of the following fiscal year.
  • Even though a fiscal year has been closed, you can still post G/L entries to it. When you do this, the entries will be marked as posted to a closed fiscal year – the Prior-Year Entry field will contain a check mark.
  • After a fiscal year is closed, you must close the income statement accounts and transfer the year’s results to an account in the balance sheet. And you can repeat it each time you post to the closed fiscal year.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Subscribe

  • Email
  • Facebook
  • Twitter

Our Topics

Administration Analysis Reports Business Central Developer Toolkit Docker Dynamics NAV Beta Download Dynamics NAV Release Error Message Finance Module GST Human Resource Login Error LS Retail LS Retail 2013 Manufacturing Module Microsoft Certified Trainers (MCTs) Microsoft Dynamics Business Central Microsoft Dynamics NAV 2009 Microsoft Dynamics NAV 2013 Microsoft Dynamics NAV 2015 Microsoft Dynamics NAV 2017 Microsoft Dynamics NAV 2018 MSDyn365BC NAV 2016 Navision Certification Navision Developer Navision Introduction Navision Modules Navision Retail Navision Tips And Tricks Powershell Purchase Order Sales Module SQL Server Useful Sites Visual Studio Code Warehouse Module

Footer

Recent Post

  • Business Central Complete Version List and Direct Download
  • The Upgrade Path to Business Central from any Version
  • Business Central / NAV System Requirements

Search

Contact : support@navisionplanet.com for Microsoft Dynamics NAV (Navision ) and LS Retail Development or Functional support for any modules

 

Editors News Letter


New Microsoft Dynamics NAV Technical Blog opened the Navision Planet Team

MIBUTECH

https://www.mibutech.blogspot.com

Copyright © 2023 Navision Planet