Create an accounting period on Microsoft Dynamics Nav Business Central

Dear friends,

In today's tutorial, I will show you how to create an accounting period. It is very important to create an accounting period because this defines the period when transaction can be done.

To proceed with the creation on the accounting period,

Step 1:

Go on the following menu:

Main Menu --> Department --> Financial Management --> Setup --> Accounting Period.

Click on the button New

Step 2:

Click on the button Create Year.

a) Enter the start date of the financial year

b) Enter the no of period (normally 12 months)

c) Enter the period length (1 M = 1 Month)

d) Then click on OK

After clicking on OK, you will see the system will generate the 12 month period.