Closing the year in Navision is quite easy, but because you only do it once a year, people frequently forget the exact purpose and steps involved. Navision's close year function does two things:
How to close the year in Dynamics NAV
1) Moves the balances in all income statement accounts to retaining earnings.
Note that it does NOT prevent you from posting to the closed year after it is closed, but you'd need to run the close year function again afterwards.
2) Closes and locks the fiscal periods so the periods cannot be changed.
Get the five page immediately downloadable PDF mini-manual with step-by-step instructions and screen shots to show you how to close the year in Dynamics Nav / Navision. Applicable to Navision 3.x and 4.x, Dynamics NAV 5.x and 2009.
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