Year End Close

Jerome

We currently have our General Ledger configured with [Global Dimension 1] as Profit Center and then G_L Account. As a result of this settings, we would have a G_L Account that would be used by multiple Profit Center When we do a Year End Close, the Transaction that would zero out the G_L Account Balance (Rev/Expense) would only post on one Profit Center. So that, if you summarized the G_L Entry Table by Profit Center, you would see balances on some, even though in Total, they would zero out. My question is:

Is this normal in Navision? Is there some set ups that we missed?

Savatage

I don't know if it wanswers the question but here are two docs I have on closing a year

Fiscal Year End Procedure
http://www.geocities.com/navision_attai ... earEnd.doc

Annual Closing Procedure
http://www.geocities.com/navision_attai ... edures.doc

Jerome

Thanks this helps a lot. It would seem to me then that we are not selecting all the Dimensions during the close so that we still have balances on some accounts when we apply a filter. Would you by chance have any instructions on how to zero out these balances?

DanAlpe

We simply posted an General Journal entry to clean up these accounts, there should be no PL effect since is is only between cost centers.