Category: Year-End Close

Run The Close Year End Process in Microsoft Dynamics 365 Business Central

In Microsoft Dynamics 365, the Close Income Statement batch job transfers the year’s results to a Retained Earning account in the balance sheet and closes all the income statement accounts. This process creates a journal, which is posted manually. When an additional reporting currency is used, the system will post the additional currency directly to… Continue reading Run The Close Year End Process in Microsoft Dynamics 365 Business Central

Tips for Improving the Inventory Picking Process in Your Warehouse

If you have a warehouse, you know how important it is to have your warehouse in working order. A poorly organized warehouse can result in lost time and productivity as your workers run in circles fulfilling orders, which costs money. Conversely, an organized, optimized warehouse also helps save money by making it easier to manage… Continue reading Tips for Improving the Inventory Picking Process in Your Warehouse

Yearly Inventory Counting Should Be Replaced By Cycle Counting

If you have a warehouse, you probably do an inventory count once a year. But is this the best way to keep track of your inventory? This approach to inventory management has proven to be error-prone, so why are companies still using it? This blog discusses the concept of cycle counting, how it can uncover… Continue reading Yearly Inventory Counting Should Be Replaced By Cycle Counting

Microsoft Dynamics 365 Business Central Year-End Closing Procedure

end of year agenda concept

One of my favorite features in Microsoft Dynamics 365 Business Central is the period close or year-end process.  You can continue working into the next period as if it were any normal day while the bean counters do their thing with closing the prior period.  While there may be tasks to be completed at a period’s… Continue reading Microsoft Dynamics 365 Business Central Year-End Closing Procedure

Tips for a Smooth Year-End Closing in Dynamics NAV

As the end of the year rapidly approaches, many companies start thinking about doing their ‘year-end closing’ in Dynamics NAV. We know that many companies do not actually perform the year-end close until several months into the year after an accountant has reviewed the books and made any necessary adjustments. However, we wanted to give… Continue reading Tips for a Smooth Year-End Closing in Dynamics NAV

Dynamics NAV Coffee Break – Processing the Year-End Close

Are you scared because you’re not ready to do a year-end close in NAV? Not even sure where and when to begin? Fear not, we can help. Grab a cup of a coffee and join us for another NAV Coffee Break video. In this installment, we’ll walk through year-end close best practices (such as, be sure to… Continue reading Dynamics NAV Coffee Break – Processing the Year-End Close