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ReportCould you please help me to find a step by step guide on how to close month end in Dynamics Ax 2012 R3?
How is the monthly profit/loss getting transferred to equity?
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Could you please help me to find a step by step guide on how to close month end in Dynamics Ax 2012 R3?
How is the monthly profit/loss getting transferred to equity?
Hi Ludwig,
Thank you very much for the explanation.
Hi Ruwan,
The profit/loss usually does not get transferred at the end of each month but at the end of each fiscal year that you specified.
Only when you run the opening transaction periodic GL process, AX transfers the Profit/loss.
If you want to have a monthly Transfer you would have to Setup monthly fiscal periods. Yet, I have not seen such a Setup and cannot identify a reason for doing that.
Hope it helps,
Ludwig
Hi Ludwig,
Does the profit/loss get transferred at each month end (when we close the month) or at the time of year end closing?
Thanks
Hello Ruwan,
The folowing websites will provide you some detailed information on the month end closing process:
technet.microsoft.com/.../aa571542.aspx
community.dynamics.com/.../quick-and-painless-month-end-close-with-microsoft-dynamics-ax-2012
community.dynamics.com/.../month-end-close-process-in-dynamics-ax
The Profit/loss gets transferred to equity through running the closing-opening process in the opening form in GL.
Hope it helps,
Ludwig
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