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Close periods in the general ledger [AX 2012]

Updated: January 29, 2014

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

The following information describes how to complete closing procedures at the end of a period. You are not required to complete all of the following steps. The modules that your legal entity uses and the options that are selected in the License configuration and Security privileges forms might prevent you from completing some steps.

To close one or more modules, use the Ledger calendar form. Click General ledger > Setup > Ledger. Click Ledger calendar. In the left pane, select a fiscal year and period. On the Module access level FastTab, select the module to close. In the Access level field, select None.

NoteNote

Complete General ledger month-end procedures after you have completed other procedures that might generate ledger transactions. Also, you cannot close a fiscal period until all invoices for the period are posted and the Journalize finalized product receipt batch job in the Batch job form is run. For more information, see Set up parameters for the Journalized finalized product receipt batch job.

  1. Post all open journal vouchers for the month in all relevant modules.

  2. Complete any batch posting routines in Accounts receivable and Accounts payable.

  3. Complete the following processes:

    1. Calculate interest. See Interest calculation (class form).

    2. Create collection letters. See Creation of collection letter (class form).

    3. Process foreign currency revaluations in the Foreign currency revaluation form. See Perform a foreign currency revaluation.

    4. Process payment jobs in Accounts receivable and Accounts payable.

  4. Complete closing and adjustment processes in Inventory management. See Closing and adjustment (form).

  5. Post and adjust project transactions. See Adjust transactions.

  6. Complete monthly General ledger procedures. See Close the general ledger at month end.

You can also print reports, such as account statements and aging reports.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
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