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ReportHi Friends,
When we add a new fiscal year period, all periods are in open status, why is that?
Is there a way to automatically set it to close, not manually.
Many thanks,
River
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Hi Friends,
When we add a new fiscal year period, all periods are in open status, why is that?
Is there a way to automatically set it to close, not manually.
Many thanks,
River
In addition to what Mihaela mentioned; suggestion is, not to set the future periods as 'Closed'. Instead; set this as 'On hold'.
In any newly created year, the future periods are set to always 'Open'.
Let's take an example why like this! Assume, you will post some accrual transactions in those future periods. If you set this to 'On hold' or 'Closed', then system will throw error and no accrual entry will be posted.
Regards,
Sourav
Hi Garnriver,
It is system's default behaviour to set the status to OPEN for any new fiscal year. I don't hink There is any default parameter to control that setting. As other members suggested, you can just manaully set the status to CLOSE.
Hi River, Ludwig,
There is a GL parameter to specify the maximum number of open financial years. Could it be the case that Ludwig entered a number and that River has no value in this field or a higher value? That could explain the difference. I don't have an AX 2012 machine available (I'm enjoying my vacation) to check this myself.
Here are some screenprints that illustrate what I see:
Best regards,
Ludwig
Hi Mihaela,
Thanks for your response, I checked out Sandbox, it's same issue, all periods are open when creating new fiscal year.
Question is I only need to open first month at beginning, I have to make other months on hold manually, and we have multiple entities, it's bit annoying to update all those status.
Did you see Ludwig's response, his demo box works differently, I don't know why.
Dear River
Thank you for posting this issue to our community.
When you create a new fiscal year this is suppose to be for future entries and therefore the periods are opened for you to be able to create and post transactions.
Set automatically to close would not make much sense considering the above. I am not aware of any setup that allows the system to create new fiscal year with setting period status other than Open.
Please let us know if you need any other details and I will be happy to assist further.
Hi River,
I am not aware of a specific setting or parameter.
Double checked that in one of the MS demo machines where I got all periods on hold when I create a new year.
Have you checked LCS already to make sure that this is not an old bug?
Best regards,
Ludwig
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