{"id":14841,"date":"2024-12-16T10:47:45","date_gmt":"2024-12-16T09:47:45","guid":{"rendered":"https:\/\/bluace.nl\/?p=14841"},"modified":"2025-03-24T15:35:14","modified_gmt":"2025-03-24T14:35:14","slug":"business-central-closing-fiscal-year","status":"publish","type":"post","link":"https:\/\/bluace.nl\/en\/news-en\/business-central-closing-fiscal-year\/","title":{"rendered":"Closing Business Central fiscal year: how do you do that?"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull intro-video-blok is-layout-constrained wp-container-core-group-is-layout-61b1c46d wp-block-group-is-layout-constrained\" style=\"margin-top:0;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\">\n<div class=\"wp-block-cover alignfull is-light is-style-default has-ast-global-color-2-color has-text-color\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-ast-global-color-0-background-color has-background-dim-30 has-background-dim\"><\/span><img decoding=\"async\" width=\"1024\" height=\"683\" class=\"wp-block-cover__image-background wp-image-14753\" alt=\"\" src=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-jaarafsluiting-business-central.jpg\" style=\"object-position:52% 47%\" data-object-fit=\"cover\" data-object-position=\"52% 47%\" srcset=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-jaarafsluiting-business-central.jpg 1024w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-jaarafsluiting-business-central-300x200.jpg 300w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-jaarafsluiting-business-central-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<h1 class=\"wp-block-heading alignwide has-text-align-center has-ast-global-color-4-color has-text-color\" id=\"h-closing-business-central-fiscal-year-how-do-you-do-that\" style=\"font-size:68px;font-style:normal;font-weight:700;line-height:1.3\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-2-color\"><strong><strong><strong>Closing Business Central fiscal year: how do you do that?<\/strong><\/strong><\/strong><\/mark><\/h1>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-layout-flow wp-block-group-is-layout-flow\" style=\"padding-top:0px;padding-right:var(--wp--preset--spacing--90);padding-bottom:0px;padding-left:var(--wp--preset--spacing--90)\"><div style=\"padding-top:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);\" class=\"wp-block-post-date\"><time datetime=\"2024-12-16T10:47:45+01:00\">16 December 2024<\/time><\/div>\n\n\n<p class=\"has-link-color wp-elements-462df8d3436c124fcc04ec88eeaa5fc1\" style=\"font-size:16px;font-style:normal;font-weight:400\">The year&#8217;s end is approaching, so many companies are preparing for one of the most important administrative tasks: closing the financial year. A correct year-end close is essential to ensure your financial records are accurate, complete, and ready for the new year. With Microsoft Dynamics 365 Business Central, you can carry out this process clearly and in a structured way. Whether you are an experienced user or just starting with Business Central, you can close your financial year smoothly and error-free with the right step-by-step plan. Follow the steps below to complete the process successfully.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-business-central-fiscal-year-close-preparation\" style=\"font-size:28px;font-style:normal;font-weight:600\"><strong><strong>Business Central fiscal year close: preparation<\/strong><\/strong><\/h2>\n\n\n\n<p class=\"has-link-color wp-elements-f772c4057f448f2be4751e58190acf73\" style=\"font-size:16px;font-style:normal;font-weight:400\">Before you can close the financial year smoothly, some essential month-end and year-end activities must be carried out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Process all purchase and sales orders and invoices;<\/li>\n\n\n\n<li>Delete invoiced purchase orders (batch): archive or delete them, depending on the settings;<\/li>\n\n\n\n<li>Book\/process all costs and income;<\/li>\n\n\n\n<li>Update any journals (e.g., financial or depreciation);<\/li>\n\n\n\n<li>Revalue currency exchange rates, if applicable;<\/li>\n\n\n\n<li>Divide costs across accounts and dimensions;<\/li>\n\n\n\n<li>Check reports for ledger, customer, vendor, and bank account balances.<\/li>\n<\/ul>\n\n\n\n<p>Once these preparations have been made, you can start closing the financial year. This is done in two steps:<\/p>\n\n\n\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-f5a44f5b wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-step-1-close-the-booking-periods\" style=\"font-style:normal;font-weight:400\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Step 1: close the booking periods<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list has-link-color wp-elements-9aec61d507c10e1f6667a561dd37ab29\">\n<li>Open the search function and type &#8216;booking periods&#8217;;<\/li>\n\n\n\n<li>Under &#8216;Booking periods&#8217;, select &#8216;Manage&#8217; to see which periods are open or closed;<\/li>\n\n\n\n<li>Go to the menu and choose &#8216;Start&#8217; and &#8216;Close year&#8217; to close the oldest unclosed financial year.<\/li>\n<\/ol>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-ast-global-color-2-background-color has-background is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-style-offset-left\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-boekjaar-business-central-1.png\" alt=\"\" class=\"wp-image-14806\" srcset=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-boekjaar-business-central-1.png 1024w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-boekjaar-business-central-1-300x200.png 300w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-boekjaar-business-central-1-768x512.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-f5a44f5b wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center has-ast-global-color-2-background-color has-background is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-style-offset-right\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-wenv-rekening-taken.png\" alt=\"Afsluiteing Winst en verlies rekening Business Central\" class=\"wp-image-14804\" srcset=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-wenv-rekening-taken.png 1024w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-wenv-rekening-taken-300x200.png 300w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-afsluiten-wenv-rekening-taken-768x512.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-step-2-close-the-income-statements\" style=\"font-style:normal;font-weight:400\"><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>Step 2: close the income statements<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Use the search function and type &#8216;exit&#8217;;<\/li>\n\n\n\n<li>Select &#8216;Closing WenV account tasks&#8217;;<\/li>\n\n\n\n<li>Fill in the fields such as the end date, ledger account, and dimensions;<\/li>\n\n\n\n<li>Process the financial journal:<\/li>\n\n\n\n<li>Go to &#8216;Finance menu&#8217;, then &#8216;Financial journals&#8217; and select the &#8216;Standard&#8217; journal batch;<\/li>\n\n\n\n<li>Check if the rules are visible. Use the &#8216;Show more columns&#8217; option to view all the details, such as the booking date;<\/li>\n\n\n\n<li>Please note that the booking date is always an Ultimo date (for example, U31-12-2023), which helps to keep balances clear.<\/li>\n\n\n\n<li>If desired, you can test the booking and click &#8216;Start&#8217;, &#8216;Book&#8217;, and &#8216;Yes&#8217; to finalize it.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-closing-business-central-s-fiscal-year-the-guide\" style=\"font-size:28px;font-style:normal;font-weight:600\"><strong><strong>Closing Business Central&#8217;s fiscal year: the guide<\/strong><\/strong><\/h2>\n\n\n\n<p class=\"has-link-color wp-elements-165aeef6c94bfe2e7e57b2743f66f2aa\">Are you interested in an extensive manual? Download it <a href=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-handleiding-2024-afsluiten-boekjaar-business-central.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> or by clicking the button below.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-ast-global-color-4-background-color has-background wp-element-button\" href=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/12\/bluace-handleiding-2024-afsluiten-boekjaar-business-central.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-link-color wp-elements-f89d85269a097f91f4b1376522d353ff\">This step-by-step plan is intended as a reference tool. Because Business Central is set up flexibly, specific settings and procedures may differ per organization. With these straightforward steps, you can close the financial year efficiently and prepare your administration for a new year.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-default halfway-background has-ast-global-color-2-background-color has-background is-layout-constrained wp-container-core-group-is-layout-7db9d80f wp-block-group-is-layout-constrained\" style=\"padding-right:0;padding-left:0\">\n<div class=\"wp-block-group alignwide is-style-shadow is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30)\">\n<div class=\"wp-block-columns alignwide has-ast-global-color-2-background-color has-background is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-stretch is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<h4 class=\"wp-block-heading\" id=\"h-do-you-need-help-closing-a-fiscal-year-in-business-central\" style=\"margin-bottom:var(--wp--preset--spacing--40);font-size:28px;font-style:normal;font-weight:600\">Do you need help closing a fiscal year in Business Central?<\/h4>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4b827052 wp-block-group-is-layout-flex\">\n<p class=\"has-ast-global-color-0-color has-text-color\" style=\"margin-top:0;margin-right:0;margin-bottom:0;margin-left:0vw;font-size:16px;font-style:normal;font-weight:400\"><strong>Mark Landman<\/strong><\/p>\n\n\n\n<p>+31858200802<\/p>\n\n\n\n<p style=\"margin-top:0;margin-right:0;margin-bottom:0;margin-left:0vw;font-size:16px;font-style:normal;font-weight:400\">info@bluace.nl<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-container-core-buttons-is-layout-9d58c485 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-ast-global-color-2-color has-ast-global-color-4-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/bluace.nl\/en\/contact\/\">Contact us<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-ast-global-color-2-color has-ast-global-color-4-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/bluace.nl\/en\/online-consultation\/\">Book an online consultation<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-ast-global-color-2-color has-ast-global-color-4-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/bluace.nl\/en\/demo\/\">&nbsp;Request a demo<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image alignright size-full is-resized\"><img decoding=\"async\" width=\"683\" height=\"683\" src=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/10\/bluace-mark-landman.jpg\" alt=\"Een foto van Mark Landman in het kantoor van Bluace\" class=\"wp-image-13062\" style=\"width:300px\" srcset=\"https:\/\/bluace.nl\/wp-content\/uploads\/2024\/10\/bluace-mark-landman.jpg 683w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/10\/bluace-mark-landman-300x300.jpg 300w, https:\/\/bluace.nl\/wp-content\/uploads\/2024\/10\/bluace-mark-landman-80x80.jpg 80w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The year&#8217;s end is approaching, so many companies are preparing for one of the most important administrative tasks: closing the financial year. A correct year-end close is essential to ensure your financial records are accurate, complete, and ready for the new year. With Microsoft Dynamics 365 Business Central, you can carry out this process clearly and in a structured way. Whether you are an experienced user or just starting with Business Central, you can close your financial year smoothly and error-free with the right step-by-step plan. Follow the steps below to complete the process successfully.<\/p>\n","protected":false},"author":5,"featured_media":14753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11],"tags":[],"class_list":["post-14841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Closing Business Central fiscal year: how do you do that?<\/title>\n<meta name=\"description\" content=\"The end of the year is approaching. Follow the steps below to close your Microsoft Dynamics 365 Business Central fiscal year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bluace.nl\/en\/news-en\/business-central-closing-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Closing Business Central fiscal year: how do you do that?\" \/>\n<meta property=\"og:description\" content=\"The end of the year is approaching. 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