(CHN) Validate the closing or stopping of a fiscal period [AX 2012]

Updated: October 17, 2012

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

You can close, stop, or open fiscal periods that are included in a fiscal calendar. When you modify the calendar status for a selected fiscal period, a validity check is run, based on the conditions that are specified in the Validation checklist form. After successful validation, the fiscal period statuses are updated to Closed or On hold in the Ledger calendar form.

The following buttons are available in the Ledger calendar form only when the Extended monthly closing check check box is selected in the General ledger parameters form.

  • Close period

  • Stop period

  • Open fiscal period

You must run a validity check for fiscal periods that you close. You can set up the validation checklist with checklist items in the Validation checklist form. When validity checks are run, only the checklist items that have a status of Warning or Stop are validated. You cannot post transactions to a fiscal period that has a status of Closed.

  1. Click General ledger > Setup > Ledger. Click Ledger calendar.

  2. In the left pane, expand a fiscal year to select a fiscal period to close.

  3. On the Periods FastTab, select a fiscal period with a status of On hold or Open, and then click Close period to open the Period closing checklist wizard.

  4. The Period closing checklist wizard displays nodes that contain checklist links. To run a validity check, expand the nodes, and click the links in the order in which they appear.

The status of the fiscal period changes to Closed in the Ledger calendar form after successful validation.

When you set up the monthly stop for a fiscal period, you can choose whether to run the validity check. If you set up a validity check, only checklist items with a status of Warning or Stop in the Validation checklist form are validated. To stop a fiscal period without running a validity check, you must select No validation for all of the checklist items in the Validation checklist form. You cannot create a journal for a period that has a status of On hold, but you can post during the stopped period.

  1. Click General ledger > Setup > Ledger. Click Ledger calendar.

  2. In the left pane, expand a fiscal year to select a fiscal period to stop or put on hold.

  3. On the Periods FastTab, select a fiscal period with a status of Open, and then click Stop period to open the Stop period checklist wizard.

  4. The Stop period checklist wizard displays nodes that contain checklist links. Expand the nodes, and click the links in the order in which they appear to run a validity check.

After the validation process is completed for all of the checklist items, the status of the selected fiscal period changes to On hold in the Ledger calendar form.

Only a stopped fiscal period can be opened. You cannot reopen a fiscal period that has a status of Closed. There is no validity check when you open fiscal periods that have a status of On hold.

  1. Click General ledger > Setup > Ledger. Click Ledger calendar.

  2. In the left pane, expand a fiscal year to select the fiscal period to open.

  3. Select a fiscal period with a status of On hold, and then click Open fiscal period to open the Open fiscal period form.

  4. Click OK to reopen the fiscal period. The status of the fiscal period changes to Open in the Ledger calendar form.


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

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