Year End process

sandipsandip Member Posts: 58
Dear Sir

I know the process of year end process in navision.

As per the process,

1. Create a new accounting period.
2. Close fiscal year.
3. Run the income statement batch job.
4. Then the post year end jv.

In financial mangement Setup in 2 setups where are we are defining the accounting periods.

What will happen after closing the year end process of those accounting period ?

1. Income Tax accounting periods are in the setup of income tax.
2. Accounting periods in the Fixed asset setup.

What will happen after year end process for thses accounting periods ?

Shall i close first these two accounting periods and then i have to close the actual accounting periods.

Please help me.

Thanks & Regards,
Sandeep Deshpande


  • Options
    ssinglassingla Member Posts: 2,973
    Additional Accounting periods (Fixed Assets and TDS) are specifically meant for taxation purpose. They have no other meaning other than that.
    My recommendation would be:
    a) Close TDS Accounting year after all the quaterly TDS returns are submitted.
    b) Close FA accounting period after Depreciation as per Income tax has been calculated and posted in the system.

    Both the accounting periods mentioned above have no relation with standard Fiscal Accounting periods and close income statement.
    CA Sandeep Singla
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