Year End
Posting the Year-End Closing Entry
In this article To post the year end closing entry See Also After you use the Close Income Statement batch job to generate the year-end closing entry or entries, you must open the journal you specified in the batch job, and then review and post the ...
Closing Income Statement Accounts
In this article To run the Close Income Statement batch job About the Close Income Statement Batch Job See Also When a fiscal year is over, you must close the periods that comprise it. To do this, you run the Close Income Statement batch job. This ...
Close Accounting Periods
In this article To close accounting periods See Also When a fiscal year is over, you must close the periods that comprise it. To close accounting periods Choose the icon, enter Accounting Periods, and then choose the related link. On the Accounting ...
Preparing Closing Statements
There are a number of standard reports that you can use to gather the information that you need to prepare your company's closing statements. The following table describes a number of reports that may be useful in this process. To See this report ...
Closing the Books
In this article Closing Book Process What Happens When You Close See Also After you ensure that all your accounts are up-to-date, and you allocate costs and income, then you can close the books for a fiscal year or period. You are not required to ...
Overview of Tasks to Close Accounting Periods
In this article General ledger Sales and receivables Purchases and payables Fixed assetsShow 3 more Business Central does not force you to close periods, however, there are many period-end (month-end) activities that you can do. This topic provides ...
Specify posting periods
In this article To specify posting periods Video guidance See also Use posting periods to specify when users can post to the general ledger. To specify posting periods Choose the icon, enter General Ledger Setup, and then choose the related link. On ...
Work with Accounting Periods and Fiscal Years
In this article Creating a new fiscal year Closing a fiscal year Posting entries to a closed fiscal year See also Accounting periods, also known as reporting periods, are periods of time for which a company or organization reports financial ...
Closing Years and Periods
In this article See also Start a free trial! At the end of a fiscal year, there are a number of administrative tasks you must perform, such as making sure all documents and journals are posted, ensuring currency data are up to date, closing the ...