Hello Folks,
Is there a way to re-open closed accounting periods in NAV 5.01.
Thank you. endnavuser
Hello Folks,
Is there a way to re-open closed accounting periods in NAV 5.01.
Thank you. endnavuser
Not without customization.
thank you.
Why does it have to be reopened? See below…you can still post.
Once you have closed the year
1.2 Post any Adjusting Entries
You can post an entry to a closed year. Any entry posted to a closed accounting period will be marked with a Prior-Year entry flag – therefore they can be easily traced using filters.
1.3 Close the Income Statement
After closing the fiscal year and posting any prior year entries the income statements should be closed and net income transferred to a retained earnings account.
Navision has a batch job that creates a journal to post these closing entries.
Select General Ledger, Periodic Activities, Fiscal Year, Close Income Statement. Specify the journal batch that you wish the entries to be transferred to and click OK.
Then go to the journal and review the entries before posting.
NB: SHOULD YOU POST PRIOR YEAR ENTRIES AFTER CLOSING THE INCOME STATEMENT YOU CAN RUN IT AGAIN.