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How to use two year-end close periods (period 13 and period 14)

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Posted on by mikiki

Hi All,

I have a question regarding using two year-end close periods (period 13 and period 14).

My client needs a first close period 13 allowing adjustments from both HQ and Subs finance users, and they need a second close period 14 only allowing adjustments from HQ finance users.

I created the periods 13 and 14, they both the same Start date and End date (here in screenshot 9/30/2022), which are given by D365 and I cannot change.

This leads to the below issue when I booked one closing adjustment in Period 13,

- This adjustment is correctly shown (one record) in the Trial balance,

0511.image-15.png

- BUT it is accounted twice (two records) in the Period balance, both on Period 13 and 14, as they have the same Start/End Date .

Could anyone help here? Thanks!

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saurabh bharti 15,059 Moderator on at

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I don't think so you should have same type of period with same date range. Can you use last two dates for these two different periods?

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mikiki 5 on at

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Hi thank you!

I cannot change the dates for period 13 and 14, they are given by d365.

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Frank Hamelly | MVP... 46,633 Moderator on at

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Are you sure you want 2 Closing periods? Would one additional Operating period - Period 13 (9/29/22) and Closing Period 14 (9/30/22) work? It sounds like you just need to control who can post into those periods.

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saurabh bharti 15,059 Moderator on at

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I think you have created 14th period right?

Because generally when you create D365 generates only 13th period.

In worst case, you can create new calendar > map to ledger

Now in this calendar split period 12 (Operating) in two parts till 29th and 30th (As suggested by Frank)

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mikiki 5 on at

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Thank you.

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Dimitri19811981 5 on at

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Hi, I am trying to book on period 13. I open the period and at the end of the book for the validation. I had an error message regarding the fiscal period. For the period one till 12, It is on execution but 13 is on closing. How can I book on period 13 without error ?

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MS USer 10 on at

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Hello, may I know if you are able to continue with this approach?

May I ask how it can be possibly done?

Thank you!

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MS USer 10 on at

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Hello Dimitri, may I know if you are able to continue with this approach?

May I ask how it can be possibly done?

Thank you

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