Question Status

Suggested Answer
mayurprabhu asked a question on 15 May 2013 10:30 PM

Our company uses AX-2009. We have the fiscal period Jan-Dec for US Corporate reporting. We need to create another fiscal year Apr-Mar for Indian Income Tax reporting. We need both the fiscal years - Jan to Dec & Apr to Mar. How can we do it?

Mayur

Reply
André Arnaud de Calavon responded on 15 May 2013 11:27 PM

Within one company in AX2009 you can have only one fiscal year. I don't know if the Indian Income Tax is a report which automatically selects your fiscal year. Is is possible to enter a date interval manually for this reporting?

If not: For Sales Tax you can setup settlement periods. Perhaps do a modification then that you can setup which settlement period to use for this report.

kind regards,

André Arnaud de Calavon  |  Microsoft Dynamics AX Solution architect  |  My blog  |  My company

This post is my own opinion and does not necessarily reflect the opinion or view of my company, Microsoft, both its employees, or other MVPs.

Reply
mukri_4@yahoo.com responded on 16 May 2013 1:24 AM

In AX 2009 It is not possible to have  2 fiscal year.

Reply
mayurprabhu responded on 16 May 2013 1:30 AM

Rigt now the AX 2009 version we have is configured to have Jan-Dec as the fiscal year. I also need Apr-Mar as another fiscal year. Is it possible if we can create another company with Apr-Mar fiscal year?

Mayur

Reply
Suggested Answer
André Arnaud de Calavon responded on 16 May 2013 1:32 AM

Hi Mayur,

Yes. This is possible.

Within a second company you can create a different fiscal year.

kind regards,

André Arnaud de Calavon  |  Microsoft Dynamics AX Solution architect  |  My blog  |  My company

This post is my own opinion and does not necessarily reflect the opinion or view of my company, Microsoft, both its employees, or other MVPs.

Reply
Zvika Rimalt responded on 18 May 2013 11:18 AM

Maybe you can look into using posting layers for posting the closing transactions for the US reporting year, and then report to the US company using operational + tax, while continue to generate/process your indian fiscal year by using the operational layer only?

Zvika Rimalt * Dynamics AX Business Analyst/Functional Consultant * Vancouver, BC, Canada

Reply
Suggested Answer
André Arnaud de Calavon responded on 16 May 2013 1:32 AM

Hi Mayur,

Yes. This is possible.

Within a second company you can create a different fiscal year.

kind regards,

André Arnaud de Calavon  |  Microsoft Dynamics AX Solution architect  |  My blog  |  My company

This post is my own opinion and does not necessarily reflect the opinion or view of my company, Microsoft, both its employees, or other MVPs.

Reply