Running close of year without P&L amounts - only balance sheet - no closing happening

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Posted on by Veronika Filonenko

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Hello folks,

In case where I have a company where there is no P&L transactions only BS and I want to close the year.

There is nothing happening.

Does the system really require transactions in P&L in order to roll forward balance sheet accounts ?

Or is there a parameter that impact this behavior?

thanks

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Veronika Filonenko 1,255 on at

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RE: Running close of year without P&L amounts - only balance sheet - no closing happening

Hi Ludwig,

No, no errors. Just the system does nothing. But to do a quick test, we entered a P&L transaction and the closing worked.

I also always assumed that I would at list get the BS accounts rolled over, never had to test this before.

And wanted to know if this was working in previous versions.

So this looks like a bug on our side. We will open a ticket.

Thanks
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Junaid Idrees on at

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RE: Running close of year without P&L amounts - only balance sheet - no closing happening

Hi Veronika Filonenko,

There is no specific parameter to control that but can you please make sure you are all done with all prerequisite steps:

1.

docs.microsoft.com/.../year-end-close

2.

docs.microsoft.com/.../close-fiscal-year

Hope it helps, please keep us posted.
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Ludwig Reinhard Microsoft Employee on at

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RE: Running close of year without P&L amounts - only balance sheet - no closing happening

Hello Veronika,

I assume that you refer especially to the opening balance transactions that are created on the first day of the following year that you would like to have the system posted. Is that right?

Well, in general even if you have only BS transactions recorded you should get those opening transactions created.

I double checked that in an old AX2012 R3 system where things worked fine.

Do you get an error message or something alike?

Best regards,

Ludwig