Webinar: Closing of Fiscal Year - Video
Closing the Fiscal Year and Running the Year End Closing process is not necessary in Dynamics NAV but if you do decide to, it is a very simple and straight forward process.
In this session we will learn how to close and create a fiscal year. The Close Income Statement process creates a journal (which you review & have full control of) for the years P&L transactions ready for closing and moving them to the Retained Earnings account.
The close income statement routine can be carried out multiple times thus allowing for those amendments/adjustments that our accountants/auditors love to give us.
Watch the webinar recording HERE