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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Fiscal period closing ...
Microsoft Dynamics AX (Archived)
Suggested Answer

Fiscal period closing Error

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Posted on by Community Member

Hi All, 

I am doing financial closing in AX2012.  Created closing sheet and bring opening transactions.  checked close of year transactions. Everything fine.. But when i close ledger period 1 for the closed financial year from open to closed, getting following error.

You cannot close fiscal period Period 1 because it is referenced by open transactions. You must post, delete, or change the transaction date of the open transactions before you can close the fiscal period.


i checked any open transactions in any of the journals, nothing found..  what could be the problem. How can i rectify this. 

 

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi No Man,

    Why do you want to close the fiscal period?

    I would never do this and always use the "on hold" option because a closed period cannot be reopend by users in the AX client while a period that is put on hold can.

    If you are absolutely sure that you want to close and never open the period again that please ensure that pending Transactions exist? The method that triggers this error message checks all existing but unposted LedgerJournalTrans, InventJournalTrans and ProjectTrans transactions. So please check in the respective modules whether some unposted journals exist and post them before closing the period.

    Thanks,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    HI. thanks for your reply.. On hold we can understand.  We can keep that status if any journal need to be posted in future.  But scenario is now we are in year 2016 and we need to close fiscal year 2015.. No need to open it again.

    I have journals in open state for year 2016 .  will it consider that also as open ?

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi NoMan,

    The problem / error message is related to the period you try to close. You can verify this by taking a look at the FiscalCalendars Class and the checkNoExisistingUnpostedTransInJournals method. So, I guess an inventory Journal (counting, adjustment, ...) or a GL Journal with a Transaction date that falls into this period might be open.

    If you select - inventory - periodic - closing & adjustment then the first Point in the closing process "1. check open quantities" will give you a Report of the pending open inventory adjustments. That's what I would recommend checking.

    Other than that I would still suggest not to close the period. Just imagine that you get a tax Audit in 6 months time from now on and that your tax Auditor requests to Change one of the amounts in 2015 retrospectively ... then you are in trouble if you closed the period already.

    Hope this helps,

    Ludwig

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