Prepare for Year-End: Dynamics 365 Business Central Operations Calendars

In this video, we delve into crucial year-end procedures essential for the operations team using Microsoft Dynamics 365 Business Central.

For those currently employing Production in Work Centers, ensuring that your work centers are configured with accurate shop calendars and scheduled capacity is vital. Failure to calculate the capacity and availability for the upcoming year might lead to complications such as errors during MRP or MPS operations, impeding production scheduling within Business Central.

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How To Run The Close Year End Process In Microsoft Dynamics 365 Business Central

In Microsoft Dynamics 365, the Close Income Statement batch job transfers the year’s results to a Retained Earning account in the balance sheet and closes all the income statement accounts. This process creates a journal, which is posted manually. When an additional reporting currency is used, the system will post the additional currency directly to the ledger when the “home” currency batch is posted.

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Tips for a Smooth Year-End Closing in Dynamics NAV

As the end of the year rapidly approaches, many companies start thinking about doing their ‘year-end closing’ in Dynamics NAV. We know that many companies do not actually perform the year-end close until several months into the year, after an account has reviewed the books and made any necessary adjustments.

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NAV Coffee Break: Processing the Year-End Close in Microsoft Dynamics NAV

Are you scared because you’re not ready to do a year-end close in NAV? Not even sure where and when to begin? Fear not, we can help. Grab a cup of a coffee and join us for another NAV Coffee Break video. In this installment, we’ll walk through year-end close best practices (such as, be sure to do a back-up before you do anything else), point out potential pitfalls (such as, if you don’t normally run an “Adjust Cost” report at the end of each month, don’t do it now), and remind you that while it’s technically called a “year-end close,” you can perform this activity at any point during the year.

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Preparing Dynamics NAV for a Happy 2016

Before you pop that bottle of champagne to usher in the new year, there are some things we often forget to do that will make returning to work a little easier after the holidays. Making these changes now will mean much smoother sailing into 2016…at least as far as Microsoft Dynamics NAV is concerned.

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