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closing Purchase ledger

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Posted on by student12

Hello,

Simply want to ask how one closes the Purchase ledger in Navision for the month, I am typing creditors also as an alternative, but its not showing up.

Can someone assist?

Thanks

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Community Member Microsoft Employee on at

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RE: closing Purchase ledger

Hello,

NAV does not have a formal process to Close the Purchase Ledger for the month. This is more an internal Accounting process to make sure entries are posted in the correct month the User has the Allow From and Allow To posting date filled in on the User Setup. After the month is posted and closed, normally, the evening on the last day of the month, a Controller or IT Manager update the Allow From and Allow To posting date on each User Setup to the next fiscal month.

Accounting also reconcile the AP to GL using the report I noted.

Hope this helps.

Thank you,

Steve
student12 10 on at

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RE: closing Purchase ledger

Hello,

Appreciate the response.

Buts its simply to close the Purchase ledger for the month what steps are there on Navision to lock it?

Thanks
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Community Member Microsoft Employee on at

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RE: closing Purchase ledger

Hello,

I believe you are ask how does one Reconcile the AP Sub-Ledger (Vendor). You can run the Reconcile AP to GL Report. This ties AP Vendor Sub-Ledger posting to the GL Account(s).

Hope this helps.

Thanks,

Steve
WillWU 22,350 on at

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RE: closing Purchase ledger

Moved to Dynamics NAV forum.