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Transfer opening balances to a new fiscal year [AX 2012]

Updated: September 1, 2011

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

Use the Opening transactions form to transfer opening balances for each account to a new fiscal year. You can modify the parameters for this process in the General ledger parameters form.

ImportantImportant

(ESP) For legal entities whose primary address is in Spain, the entries that are posted from the Opening sheets form are not deleted, even if the Delete close-of-year transactions during transfer check box is selected in the General ledger parameters form. However, if there is a repeated transfer of transactions, and the Delete close-of-year transactions during transfer check box is selected, all the entries are deleted.

NoteNote

If the Public Sector configuration key is selected, you must complete the following tasks to process year-end closing and opening for General ledger:

  1. Click General ledger > Periodic > Fiscal year close > Opening transactions.

  2. In the End date field, select the closing date for the fiscal year that is being closed.

    NoteNote

    If the Public Sector configuration key is selected, select the fiscal year that is being closed, and the periods through which balances will be used to create closing and opening entries.

  3. (ITA) For legal entities whose primary address is in Italy, if the Transaction date reference to competence date field is selected in the General ledger parameters form, in the Transaction date field, enter the posting date when the legal entity gained knowledge of the transaction.

  4. For balance sheet accounts, select how to transfer the balances of main accounts.

    • Select Closing->Opening to transfer the balances automatically to the next fiscal year.

    • Select Reset to reset the balance accounts and manually create opening balances by using the General journal form.

  5. For balance sheet accounts, select the account to transfer the year-end information to.

  6. Select the Use account for transfer of year-end result check box to transfer all the year-end account balances to the main account that is specified in the Main account for transfer of year-end result field in the Chart of accounts form. (Click General ledger > Setup > Chart of accounts > Chart of accounts.)

    NoteNote

    If you have not defined an account in the Chart of accounts form, the main account that is specified in the Main account for transfer of year-end result field in the Main accounts - chart of accounts: %1 form is used.

  7. If you selected the Voucher number must be filled in check box in the General ledger parameters form, enter a voucher number.

  8. If the Public Sector configuration key is selected, select the Select funds check box and the funds that will be processed. To process all funds, clear the check box.

  9. If the Public Sector configuration key is selected, select the Preview transactions check box to view transactions before they are posted.

  10. Select the Print created transactions check box to print a report of the year-end closing transactions that are created.

  11. Click the Financial dimensions tab to select a dimension for the profit and loss transactions.

  12. Select the Transfer financial dimensions check box to include financial dimensions on the opening transactions that are generated for the balance sheet accounts.

  13. Close the profit and loss transactions for each financial dimension.

    • Select the Close all check box to move the main account balance to the transfer account, and to use the same combination of profit and loss account and financial dimension.

    • Select the main account to move all the main account balances to.


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