In our NAV 5 application, we had setup a new company from a copy of the other company we access in NAV, and just learned the 2011 and 2012 Fiscal Year along with the Monthly Accounting and Inventory periods have never been configured! 2011 FY has not yet been closed out as well and the problem is we have been posting sales orders etc basically within 2011 since it was never locked.
This being said- we were previously having issues with the open sales order report showing released orders that had been shipped and invoiced. The Inventory Value to our Inventory General Ledger Account is way off as well. I have a feeling this is all related to the above not being setup along with how the New Company in NAV was just copied from our old Company and not configured properly.
Can someone help shed some light on what will happen once I setup the new 2012 fiscal year and periods, close 2011 and close the accounting periods? Do we need to close all open orders as well? Any help is greatly appreciated!!!