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279Hello Experts, We have a requirement from client,
Problem description:
Current accounting limit date mechanism is outdated and lacks flexibility, being based on a single lock per department and period and there is no clear visibility or dashboard to track the status of period closures across markets.
Finance users cannot selectively control postings (e.g., restrict only sales or only costs) after the period is locked.
Solution from another vendor:
They have come up with below solution,
Introduced a multi-step period locking mechanism (4 sequential phases) replacing the single “accounting limit date” concept and provides a centralised dashboard interface to manage, monitor, and execute locking steps per entity and period.
4-Step Sequential Locking Process
Current accounting limit date mechanism is outdated and lacks flexibility, being based on a single lock per department and period and there is no clear visibility or dashboard to track the status of period closures across markets.
Finance users cannot selectively control postings (e.g., restrict only sales or only costs) after the period is locked.
Solution from another vendor:
They have come up with below solution,
Introduced a multi-step period locking mechanism (4 sequential phases) replacing the single “accounting limit date” concept and provides a centralised dashboard interface to manage, monitor, and execute locking steps per entity and period.
4-Step Sequential Locking Process
- Phase 1: Operational cut-off: restricts posting based on user roles (only Finance and AR/AP users allowed)
- Phase 2: Sales freeze: Sales and Cost freeze restrict postings on specific GL account groups. (Sales and cost restrictions are controlled via predefined GL account groups)
- Phase 3: Cost freeze
- Phase 4: Full data freeze: blocks all postings completely.
Ask: Now they want the similar solution to be designed within D365F&O.
We have suggested Ledger calendar period functionality and also the financial period close workspace but they need the sequential locking process as suggested above.
Kindly request all the experts to advise how best can be achieved in D365F&O
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