closing income statement for multiple dimensions

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I have multiple dimensions representing an entities or divisions in NAV for profit and loss and balance sheets.

I need to close the fiscal year and transfer the P & L items to retained earnings for each entity.

How do I proceed with this? When I tried to do it - i see that the P&L amounts will be posting to one Retained earnings account for all entities. I want to have each entity's P&L amounts post to its own retained earnings account.

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ManishS 86 on at

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I don't think its possible, you can close the income statement dimension wise but that will effect only one retained account and not multiple retained account.

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Jens Glathe 6,092 on at

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There are several issues here. Post contribution by dimension combination - this is not supported on the retained earnings side. And, as expexted, no account by dimension combination.

Now, one general consideration. There are many possible dimension combinations, if you can post contribution by dimension combination, they can likewise be on one retained earnings account - they will be separated by the dimension combinations on the entries anyway. If this is enough for your reporting needs, then you can use our AddOn (Plexada BuildingBlocks), which has a Close Income Statement batch that does contribution by dimenion combination postings. If you need separate accounts, some additional coding on the base of this logic needs to be done, but with the AddOn you're already at 90% of the way.

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Community Member on at

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Thank you. This would be the solution for us. How do we obtain the AddOn? We're in the USA.

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