In this solution, you will learn everything necessary for the year-end closing in Microsoft Dynamics 365 Business Central. The individual steps are explained in a clear, step-by-step manner.
Details
This package describes the individual steps for the year-end closing in Microsoft Dynamics 365 Business Central. The tasks are divided into clearly structured steps that guide you through the entire process, from setting the posting periods to the final posting of the year-end closing entry.
The solution includes both the determination of the closing periods and the reconciliation of relevant accounts, as well as the creation of closing reports. It will also show you how to handle different areas such as accounts receivable, accounts payable, inventory, and fixed assets, and how to correctly process VAT.
| Work Package |
|---|
| Set booking periods |
| Closing periods – General Ledger |
| Closing periods – Sales |
| Closing periods – Purchases |
| Closing periods – Fixed Assets |
| VAT reconciliation |
| Reconciliation of bank accounts |
| Inventory costs in the ledger |
| Regulate exchange rates |
| Close inventory periods |
| Allocate costs and revenues |
| Report VAT to tax authorities |
| Use preliminary closing reports |
| Close books |
| Prepare closing reports |
| Close accounting periods |
| Reset P&L accounts |
| Book year-end closing entries |
Upon completion of this project, you will be able to:
| Invoicing VAT | Currency adjustments | Reconciliation of debtors/creditors |
| Close inventory periods | Define booking periods | Prepare closing reports |
| Allocate costs and revenues | Zeroing out profit and loss accounts | Book year-end closing |
Duration
7,75 hours
Requirements
This training and setup project will be delivered through the COSMO Digital Consultant App. The installation of the app is a prerequisite for using the project and its contents. Furthermore, a pre-configured setup BC2GO - xxxx Pre-Configuration and basic setup BC2GO - Basic Accounting are recommended.
Recommended training:
- BC2GO - Business Central Basics
- BC2GO - Digital Consultant
Supported Countries
Business Central Localization: Deutschland, W1
Languages: English, German
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