Notifications
Announcements
No record found.
Hi DFO Experts,
Any document that summarizes the different month-end procedures per Module (AR, AP, Cash Bank, Fixed Asset, PO, SO, especially Inventory)?
Thanks,
Reign
each module carries it's own month end process
focusing on inventory, number one task is to recalculate inventory cost based on the item model group costing method
where possible should close the inventory for the previous month as a best practice
One can use the Financial period close workspace to drive the task assignment and closure
Hello Reign,
There is no comprehensive document because the month end closing process is highly company specific and differs from company to company.
There are a number of standard reconciliation reports available to reconcile e.g. AP, AR, GL and so on but whether you need them depends on whether you make use of those modules or not.
What I find helpful is the year end closing workspace that allows you listing the different activities that one has to do at month end.
Please see: docs.microsoft.com/.../financial-period-close-workspace
Best regards,
Ludwig
Hi Reign,
During month end, following are the steps which are followed in general:
1. Posting Accrual entries.
2. AP invoicing and payment activities closure.
3. AR invoicing generation and payment receipt
4. General ledger Adjustment entries
5. Tax settlement
6. Depreciation of assets posting.
7. Bank account reconciliation
8. Inventory closing
Please note that the above mentioned steps can be optional or mandatory depending on business.
Regards,
Sheela- Support Engineer- D365- F & O
Good morning Reign,
Can you let us know whether your question has been answered or whether some additional information / help from the community is needed?
Many thanks and best regards,
hope all suggestions helped
also remember to run sub ledger to ledger reco reports
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
Martin Dráb 592 Most Valuable Professional
André Arnaud de Cal... 478 Super User 2025 Season 2
BillurSamdancioglu 305 Most Valuable Professional
