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Suggested answer

The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

Posted on by 335

Hello All

set fiscal year status to closed.

opening transaction is run for end date 31-12-2020

the system giving message : " The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed."

Can someone help on this 

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Mohamed,

    Try to open the periods for the year end closing process.

    Once this is completed, set them back to on hold.

    Best regards,

    Ludwig

  • shuhaib Profile Picture
    shuhaib 335 on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    HI 

    Closing Finanacial year 2020

  • Rachit Profile Picture
    Rachit 4,011 User Group Leader on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Mohamed,

    Best way would be to ask your developer to debug it. Based on your description it is not clear why you are closing the period and what process you are trying to execute.

  • shuhaib Profile Picture
    shuhaib 335 on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Ludwig , 

    Currently the periods are on hold and the error message is popping up . 

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Mohamed,

    If you set the period on hold, do you also get this error message?

    Personally, I wouldn't set a period to closed unless you are absolutely sure that nobody (auditors, tax officers, government agencies, etc.) will request some subsequent changes. If they do, you won't be able to re-open the period. That's why it is usually better to put periods jus on hold. Most of the time you won't get an error message when doing that. Can you double check and confirm that?

    Best regards,

    Ludwig

  • shuhaib Profile Picture
    shuhaib 335 on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Andre

    under ledger calender period status is on hold for all

  • shuhaib Profile Picture
    shuhaib 335 on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    HI Ludwig , 

    1. In general ledger parameters , under fiscal year close i checked set fiscal year status to closed. 

    2.Under general ledger --> Fiscal year close -- Opening transactions --> i provided the endd date 31-12-2020 and vouched number and clicked ok .

    i am getting the error after clicking OK

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hello Mohamed Shuhaib,

    When do go you this message? What button did you click? What process did you execute?

    Would be great if you could share additional information.

    Many thanks and best regards,

    Ludwig

  • Suggested answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 288,459 Super User on at
    RE: The fiscal period 01-01-2020 - 31-01-2020 (Operating) is not closed.

    Hi Mohamed,

    You can go to the Ledger form and then open the Ledger calendar. This is the place to close periods. There is a difference between 'On-hold' and 'Closed'. On-hold can be re-opened whereas this is not possible when the period is closed. For closing the fiscal year, all periods should be closed.

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