Year closing

aliennav

Kindly tell me the steps of year closing.
Thanx n Regards

aliennav

kindly tell me the steps of year closing in navision 4.O.

ssingla

In the General Ledger - "Periodic Activities" - "Fiscal Year" - "Accounting Year" : Close the year and then General Ledger - "Periodic Activities" - "Fiscal Year" - Close Income Statement. Run the batch job and it will trf the balances of Income Statement Accounts to Retained Earning Account defined or take help of your functional consultant.

muksha

Please take care of all your transactions for opening of the next year.

stelco

Hi...

Please be noted other facts also:---

1. Before doing the financial year closing, you must be sure what you want to do.

2. Check Trial,GL,Aged accounts receivable & other report before doing financial year closing.

3. Methods of year closing is already mentioned above.

4. Take the database backup also.

To Summarize:
1. Make a backup.
2. Make sure that you DO want to close
3. Then … to close a fiscal year, go to the G/L Menu screen
Periodic Activities
Fiscal Year
Accounting Periods
Click on the Close Year
4. Choose Account Periods. Click the Close Year button
5. Then choose the Close Income Statement batch job.

Must Remember:
The fiscal year must be closed before the batch job can be run.

Alex_Chow

Or you can look at the Help file in Navision. It does a very good (and detailed) job of explaining the closing procedure in Navision.

aliennav

Thanks 4 ur suggestions