Skip to main content
Microsoft Dynamics NAV forum
Answered

What does these do in Accounting Periods in Navision 2018?

editSubscribe (0) ShareShare
ReportReport
Posted on by 3,915

Hi Community,

When we close in Accounting Periods, may I find out:

1. What does "Closed" do in Navision?

2. What does "Date Locked" do?

3. What does "Inventory Period Closed" do in Navision?

Thank you!

Image

  • Verified answer
    Community Member Profile Picture
    Community Member UG Leader on at
    RE: What does these do in Accounting Periods in Navision 2018?

    Josh,

    I think you asked the same question the other day here:

    community.dynamics.com/.../questions-regarding-accounting-periods-in-navision-2018

    The Closed and Date Locked fields you cannot manually check them on the Accounting Period page. The Closed will be flagged when you run the Close Year. The Date Locked specifies if you can change the start date of an Accounting Period. When you first Create Year the starting date of the year is Date Locked. Shen you Close Year all the Date Locked fields, for that year, will be flagged TRUE.

    Inventory Period Close will flag TRUE when you run Close Period off the Inventory Periods page.

    I attached a handout in the link to the other question.

    Hope this helps.

    Thanks,

    Steve

  • Verified answer
    JAngle Profile Picture
    JAngle 33,131 on at
    RE: What does these do in Accounting Periods in Navision 2018?

    1 and 2 are effectively the same. Yes, the new fiscal year line is not closed but locked. That is merely to show the start of an accounting year is fixed, once it has begun. Inventory periods are optional. Here is some details: docs.microsoft.com/.../finance-how-to-work-with-inventory-periods

Helpful resources

Quick Links

What Motivates a Super User?

We know many of you visit the Dynamics 365 Community and Power Platform…

Demystifying Copilot with Georg Glantschnig…

Industry experts answer burning questions directly from our amazing Community…

Setting Up Knowledge Sources for Copilot…

Look at how configuring a comprehensive knowledge base is crucial…

Leaderboard

#1
Andre Arnaud de Calavon Profile Picture

Andre Arnaud de Cal... 283,068 Super User

#2
Martin Dráb Profile Picture

Martin Dráb 222,591 Super User

#3
nmaenpaa Profile Picture

nmaenpaa 101,138

Product updates

Dynamics 365 release plans