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Bank Account Ledger Entries From Closed Fiscal Year Show Up In Reconciliation

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Posted on by NK-18111617-0

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I have four (4) line items showing up when I go to reconcile my CC (B020) from my closed fiscal year. If I attempt to reverse them I see that I can't because FY24 is closed. What can I do to eliminate these?

r/Dynamics365 - Bank Account Ledger Entries From Closed Fiscal Year Show Up In Reconciliation

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Dynamics 365 Business Central

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Valentin Castravet 31,515 Super User 2025 Season 2 on at

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This is more of an accounting question than a system issue. The real question is: why weren’t these entries reconciled in the first place? Until we understand the reason, it’s hard to suggest the correct fix. Otherwise, you’ll end up getting different suggestions here, but without the background, we won’t know which one is actually accurate.

If the entries should have been reversed in 2024, then you’ll need to reopen the posting dates for 2024, once that’s done, the system will let you reverse them. Note that if you do that, your financial statements for 2024 will now be different as they will now include the reversal of these entries.

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/

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NK-18111617-0 155 on at

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@Valentin Castravet last year I had only started using BC towards the end of the year getting used to it. Now I'm doing my company full time in 2025 and these were leftover for some reason. All my accounting last year was manually done from statement exports and stuff for the entire FY2024. How can you open the accounting period? Every time I see instructions online it says I should be able to reopen it, but then it doesn't give detailed instructions. FY25 is the first full year of using BC so I need this to be accurate and get rid of those entries.

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Valentin Castravet 31,515 Super User 2025 Season 2 on at

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You just need to reopen the posting date restrictions in the general ledger setup and/or user setup pages so you can post in 2024. I wrote a blog post about posting date restrictions here that you can refer to - Restricting User Posting in Dynamics 365 Business Central - Dynamics 365 Business Central Insights

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/

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Ramesh Kumar 7,529 Super User 2025 Season 2 on at

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Hi,

Please ensure the period is only left open for users who need to make changes, and remember to close it immediately afterward. I made this mistake before, and some warehouse entries were posted unexpectedly the next day.

Valentin always means business—hope he answered your question below! 😊

Thanks

Ramesh

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YUN ZHU 95,750 Super User 2025 Season 2 on at

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As Valentin mentioned, only reopening the accounting period will resolve this issue. Unless you can record the adjustment amount in 2025.

Please communicate with your accounting department for details

Thanks

ZHU

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Jainam M. Kothari 15,639 Super User 2025 Season 2 on at

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Hello,

For Reversing the entries in FY2024, you need to Reopen the Accounting Period. You need to change the Allow Posting from General Ledger Setup.

And to restrict the Users, you need to Set Allow Posting in User Setup. So that All the Users will not allow to Post the Entries in Closed Period.

And Kindly check that "Date Locked" in Accounting Period. If that so then you need to Reopen the Dates also.

Hope this answer will resolve your query.

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Khushbu Rajvi. 20,838 Super User 2025 Season 2 on at

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To remove those entries, you’ll need to reopen FY2024 by updating the “Allow Posting From“ date in General Ledger Setup and User Setup. Also, check if the period is locked in Accounting Periods — if so, unlock it temporarily. Once reversed, close the dates again to avoid unwanted postings

https://www.reddit.com/r/Dynamics365/comments/1jzxi24/bank_account_ledger_entries_from_closed_fiscal/?rdt=38379

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Khushbu Rajvi. 20,838 Super User 2025 Season 2 on at

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To remove those entries, you’ll need to reopen FY2024 by updating the “Allow Posting From“ date in General Ledger Setup and User Setup. Also, check if the period is locked in Accounting Periods — if so, unlock it temporarily. Once reversed, close the dates again to avoid unwanted postings

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INITMAN007 370 on at

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Hello,

Its important to establish why you have the 4 open entries.

If these are entries that will clear later on, then these entries are correct and should be left and they can be reconciled later as they clear through the bank.

If they have been posted in error, they can then be reversed.

You will need to discuss with you r accounts department.

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NK-18111617-0 155 on at

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@INITMAN007 and @Khushbu Rajvi. I can't figure out how to reopen my accounting period and when I google this it says it cannot be reopened.

What am I missing to be able to reopen and reverse these?

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