Microsoft Dynamics 365 Business Central: Financial Year End Closing

It’s the end of the year, and it is very important to go through the essential topics related to year end closing in your company in order to ensure proper and accurate accounting practice. We will shed a light on several activities that are either “required” or “optional” for closing the year in Dynamics 365 Business Central.

The required steps are represented with primarily closing the fiscal year (closing accounting periods) and running the “Close Income Statement” process to generate the year end closing entry.

· Close the Fiscal Year

· Close Income Statement

· Posting Restriction

· Posting Entries “After” Closing the Year

· Closing Entries Posting Date

· Balance Sheet Accounts – BBF (Balance Brought Forward)