Tips to Successfully Close Out the Year with Microsoft Dynamics NAV

It's the most wonderful time of the year for controllers and accountants the world over-year end.

And as year-end approaches for most companies, there are a number of steps you need to take to successfully close out the accounting and inventory periods for the fiscal year.

Lee Weiner, Board of Advisors at Dynamics NAV User Group and CFO at Bradshaw Group, offered some tips to members of the group to help the process run smoothly. Weiner shared some best practices associated with year-end closing processes with Microsoft Dynamics NAV 5.0.

Create a new year

One of the most important things to remember is that you can't close out the current year until you create a new year.

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About Linda Rosencrance

Linda Rosencrance is a freelance writer/editor in the Boston area. Rosencrance has over 25 years experience as an reporter/investigative reporter, writing for many newspapers in the metropolitan Boston area. Rosencrance has been writing about information technology for the past 16 years.

She has covered a variety of IT subjects, including Microsoft Dynamics, mobile security issues such as data loss prevention, network management, secure mobile app development, privacy, cloud computing, BI, big data, analytics, HR, CRM, ERP, and enterprise IT.

Rosencrance is the author of six true crime books for Kensington Publishing Corp.

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