Year end in Microsoft Dynamics 365 Finance and Operations

Year end / 

Fiscal closing / period end in Microsoft Dynamics 365 Finance and Operations one version D365FO

• Setup
  • Calendar
  • Closing role
  • Resource setup
  • Schedule template
  • Copy existing month end template example USSI month end
  • Create a closing schedule with the new template
  • Ensure closing roles and tasks in template are having the company 
  • Configuration
  • Templates for different purpose (month end, yearend)
  • Closing Schedule with task and resource assignment

• Execution (Multiple Closing sheet per account type (Revenue, expenses, etc.) (posting in period type closing ))
  • Click on closing accounts
    • Load balances 
    • Make changes to field to transfer in closing sheet
    • Create new fiscal year to ledger
    • Transfer opening balances (Year end close in GL)
    • Show TB in new year 
  • Close Company 
  • Closing sheet creation for last fiscal year