web
You’re offline. This is a read only version of the page.
close
Skip to main content
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / Post-close entries in NAV
Microsoft Dynamics NAV (Archived)

Post-close entries in NAV

(0) ShareShare
ReportReport
Posted on by Nagendra Shivaswamy 115

Hi

we are using NAV 6.0. I would like to know whether NAV has feature of posting 'Post-Close' entries? Once we close the books and the financial year, are there provisions of posting these adjustment entries to facilitate audit adjustments?

 

Right now, i am able to see this closure entry possible for annual closures. Is there a way i can do this monthly?

*This post is locked for comments

I have the same question (0)
  • Gabor Faludi2 Profile Picture
    Gabor Faludi2 50 on at
    Re: Post-close entries in NAV

    Hi,

    Not for G/L Accounts. You need to do it manually or ask your partner to provide a solution for that. 

     

    g.

  • TWBlaisdell Profile Picture
    TWBlaisdell on at
    Re: Post-close entries in NAV

    Hi Nagendra,

    If you post to a NAV closed period, then the Prior Year entry flag in the G/L Entries will be set to TRUE indicating that the entry was posted after the close of the Fiscal Year.  This would provide the option of filtering on those Prior Year Entry = TRUE entries to identify the post-closing entires posted. However, NAV doesn't have a true 13th period, other than that the C-Date closing entry is a period between 12/31 and 01/01 (for a calendar year Fiscal Year).

    As for monthly closing, there is nothing preventing the closing of each period. However, it would lead to reporting challenges, in my opinion, because you would have some challenges doing cross month income and expense reporting.

    Thanks

    Tom

    Microsoft Contributor

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.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics NAV (Archived)

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans