It’s almost the end of the year, which might have you thinking about the end of your fiscal year as well. With Microsoft Dynamics 365 Business Central you can define your business’s fiscal year based on what is right for your business and what part of the world it is located in. No matter when the end of your business year comes you’ll need to close out the year in Business Central. Doing this is easy, simply follow the instructions below.
Search > Accounting Periods – Then choose Accounting Periods Page.
On the Accounting Periods page, choose Process, and then the Create Year action.
Now just fill in the fields.
Choose Process, then the Close Year action
It’s that easy. Now once the year is closed it CANNOT be opened again, but you can still post to it. These transactions are marked as posted after year-end close so that they’re easy to find and audit. You can even restrict users and times for a posting period.
Interested in learning more about Microsoft Dynamics 365 Business Central? Contact firstname.lastname@example.org to learn more on how Business Central can improve your business processes and workflows.
Microsoft Dynamics 365 Business Central has built in financials allowing you to manage your entire business in one easy to use software. Preferences, reports, and views can be customized to fit your requirements. Using the Account Role Center allows you to quickly switch roles to view key financial figures in real time. You can grant permission to access this data to whoever needs it, including external accountants. Without that permission your financial data is kept safe and hidden.
Manage the following anywhere on any device with Business Central: • Accounts Payable and Receivable • Invoices and Purchase Orders • Bank Account Reconciliation • Inventory and Business Costs • General Ledger • Recurring Revenue • Expenses and Revenue Deferrals • Cash Flow and Cash Flow Forecasts • And More!
Keeping your finances, point of sale and CRM all in one program saves you time and money. Business Central’s tight integration with Microsoft Outlook, Excel and Power BI allows you to streamline your financial processes even more. View your payment history with a vendor right from your inbox or view/edit open invoices for your customers.
Built in financials is one of many features that gives Business Central an edge over all other retail management softwares. Improve your business processes today by contacting email@example.com to learn more about Business Central and all the features you could be taking advantage of.
Dynamics 365 Business Central has a powerful feature to automatically run reports on a regular basis. You can run a sales report every day at 8:00 PM or an inventory report every Friday afternoon. This recurring report feature can be set up with any report you run; Sales Reports, Job Queue Entries, Item Reports, Salesperson-Sales Reports and more!
Automating your reports saves you time and allows you to focus on growing your business. Combine the recurring reports feature with Business Central’s adaptability and you will receive exactly which reports you need to see, when you need to see it. The possibilities are endless! Contact firstname.lastname@example.org or call (888) 816-8002 to learn more about Microsoft Business Central.