You use a financial close template to define all tasks that are part of a closing process. A closing task is a recurring work effort that is assigned to an individual to complete as part of each closing process. In the template, a relative due date must be defined for each closing task. The relative due date is the number of days before or after the defined period end date that the task will be due each period. A due time is also assigned to each task. The due time is set by using the context of your time zone and will be converted to the time zone for each user.
You can assign a task in the template to one or more companies where that task applies. If a different person is assigned to complete that work effort in each company, you might find it helpful to create multiple tasks for the same work effort. Create one task for each company.
You can create multiple financial close templates. You can then use the various templates to track the closing processes for different period types, such as month end or year end, or to track companies that use different closing processes. After one template is created, you can copy it to a new template and make the required changes. You can assign only one template to each closing schedule. The closing template contains who does what, when, which company and dependencies. The following screenshot shows the template form. Navigate to General ledger | Period close | Financial period close configuration, then select Templates:
You can define task dependencies in the template. If a task has been set up to depend on one or more tasks, that task can’t be marked as completed until all the dependencies have been completed. Set dependencies for Currency revaluation of Accounts receivable and mark records as shown here:
The Task link menu item is associated with the task work effort and can be used to go directly to the associated page from the task link in the workspace. For example, a closing task to run the currency revaluation process for accounts payable can be linked to the associated foreign currency revaluation page in Microsoft Dynamics 365 for Finance and Operations. You can also link to an external URL, as shown in the following screenshot:
