Unable to select legal entity in fiscal year in order to proceed year end closing .

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Posted on by NamDyn

Hi All,

How can we add legal entity in to the Fiscal calendar.

Were trying to perform year end closing , when clicked on 'Run Fiscal Close' the fiscal calendar is showing with out legal entity.

Seeking communities expertise in resolving this basic hicc-up that we are facing please.

Regards

NamDyn

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Ludwig Reinhard Microsoft Employee on at

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Hello NamDyn,

Do the legal entities have the calendar attached in the ledger form or do they possibly have another one attached?

Can this be a user rights issue that you simply lack sufficient rights?

Would be great if you could share some additional information.

Many thanks,

Ludwig

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NamDyn 50 on at

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Hi Dr.

Legal entities has the same calendar attached in the ledger form.

Admin user with all rights are facing this issue.

We had done below detailed steps :-

General ledger> Ledger setup> General ledger parameters

General ledger> Posting setup> Accounts for automatic transactions

Main account listed for Year-end result automatic transaction=Retained Earnings A/C

Checked General ledger> Calendars> Fiscal calendars

Clicked on New year and the new fiscal calendar creation

Now as final step for year end closing , when tried General ledger> Period close> Year end close, after creating group name Under 'year end close' there after we can not select the legal entity.

Any info. would help us to fix . Thanks in advance.

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Ludwig Reinhard Microsoft Employee on at

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Hi,

Does your fiscal year run from January to December?

If this is the case then I would expect that you run the fiscal year close in period 12 (December) and not in the first period.

Please have a look at the following sites:

docs.microsoft.com/.../close-general-ledger-at-period-end

Best regards,

Ludwig

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jlinck 58 on at

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Hey NamDyn,

To get the missing legal entities to appear, click on Year-end close > click on Year-end close template setup in the upper left action pane > New > add legal entity name in Group name > select the same Fiscal calendar as the rest of the legal entities (if that's what you want) > Add legal entity as defined.

Thanks

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