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?
Yes. This is possible.
Within a second company you can create a different fiscal year.
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.
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.
In AX 2009 It is not possible to have 2 fiscal year.
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?
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