This document provides guidance on period-end close processes in Microsoft Dynamics NAV. It lists tasks to complete for key areas like general ledger, sales/receivables, purchases/payables, fixed assets, intercompany transactions, VAT/intrastat, manufacturing, and inventory. These include posting all transactions, reconciling accounts, running reports, and specifying posting date ranges. The document emphasizes performing tasks for subsidiary areas like manufacturing and inventory before closing the general ledger period.

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Dynamics NAV
Period End Close Processes
Designed for NAV 2016
Updated: 2/8/16
How to: Complete Period-End Processes
Microsoft Dynamics NAV
You are not required by the program to close periods, however, there are many month-end activities
that can be performed if you wish to do so. The following is a list of those procedures, which may or may
not be necessary for your company.
General Ledger (perform all other subsidiary areas first)
Specify system-wide and user-specific Posting Date ranges. Depending on your business needs, you may
want to restrict user posting date ranges at the start of the period-end process.
Process sequential transaction and costing transactions (see below)
Process Recurring Transactions
Process Deferrals and Accruals
Update Cashflow Forecasting
Transfer Costs from GL, Calculate Allocation Keys and Allocate Costs
Create and Close fiscal periods as necessary (year-end)
Sales & Receivables
All Sales Orders, Invoices, Credit Memos, and Return Orders are posted
All Cash Receipt Journals have been posted
Update and Post Recurring Journals related to Sales & Receivables
Reconcile Accounts Receivable to the general ledger
Run the Delete Invoiced Sales Orders batch job
Purchases & Payables
All Purchase Orders, Invoices, Credit Memos, and Return Orders are posted
All Payment Journals have been posted
Update and Post Recurring Journals related to Purchases & Payables
Run the Aged Accounts Payable report and reconcile A/P to the general ledger
Run the Delete Invoiced Purchase Orders batch job
Fixed Assets
All Maintenance costs have been posted through the FA Journals or Invoices
Post Adjustments
Post Appreciation
Post Depreciation
Update and Post Recurring Fixed Asset Journal

2. 2 TS DynamicsNAV PeriodEndCloseProcesses.docx
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Intercompany
Process Intercompany Postings
VAT and Intrastat
Calculate and Process VAT
Report Intrastat
Tasks to be Performed Sequentially (Execute these tasks prior to starting General Ledger
close):
The following processes, which affect Manufacturing, Inventory, and General Ledger, should
be performed sequentially.
Manufacturing
All Consumption and Output has been posted
All completed Production Orders have been changed to a status of Finished
Inventory
Make all necessary inventory adjustments using the item journal
Run the Adjust Cost - Item Entries batch job
Run the Post Inventory Cost to G/L batch job
Run the Inventory Valuation report and reconcile Inventory and COGS to the general ledger
Reconcile WIP to the general ledger
Create new inventory periods (if needed)
Close Inventory periods