Learn actionable steps to streamline month-end and year-end closing using Microsoft Dynamics 365 Business Central, reducing manual work and improving accuracy.

Agenda

· Automate Recurring Journals Use Recurring General Journals for accruals and depreciation so you don’t re-enter data every month.

· Leverage Account Schedules for Financial Reporting Build custom account schedules for P&L and Balance Sheet to avoid exporting to Excel.

· Use Dimensions for Accurate Analysis Apply dimensions (e.g., department, project) to transactions for granular reporting.

· Bank Reconciliation Automation Import bank statements and use automatic matching to speed up reconciliation.

· Inventory Valuation & Aging Reports Run Inventory Valuation and Aging reports before closing to ensure accurate COGS.

· Close Income Statement Accounts Use the Close Income Statement batch job to transfer net income to retained earnings.

· Lock Posting Periods Prevent backdated entries by closing periods once reconciled.

· Year-End Checklist

o Run Adjust Exchange Rates for foreign currency balances

o Archive posted documents for audit compliance

o Backup database before closing