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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / AX Functional Question...
Microsoft Dynamics AX (Archived)

AX Functional Questions AX2012 R3

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Posted on by NaveenKumar S 3,475

Hi, 

Please help me to clear following doubts,

1) How to do a partial FA sale in AX2012 R3?

2) Why do we do we put the period on hold? why do we want to prevent the users from posting transactions in previous period why are the financial implications?

3) When we do a Free text invoice in AX2012 R3, and mention the dimensions in header level, these dimension do not get passed on to lines directly why is that so?

4) when we do a financial year closing, do all the COA accounts' closing balance will be transferred to opening balance on new month? or only P&L accounts' balance will be transferred?

thanks in advance

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  • Verified answer
    Brandon Wiese Profile Picture
    Brandon Wiese 17,788 on at

    1)  I believe you have to split the Fixed asset, and then do a Disposal - sales transaction on the new asset that you are selling.

    2)  Past fiscal periods are often reported and as a matter of accounting controls should be locked down.  It is often recommended to put future fiscal periods on hold also.  Both act to prevent many kinds of errors, not the least of which is the simple typo, from impacting ledger incorrectly.

    3)  If you set Dimensions on the Free text header, they should copy to any lines that you create after doing so.  If that's not working, I suspect it's a bug.  Try to apply the latest Cumulative Update.

    4)  Fiscal year close transfers P&L accounts to Opening transactions in the next fiscal year (also you can create Closing transactions in the old if needed).  Other accounts are collected under the Retained Earnings account.  it is important to have your main accounts identified correctly in the COA.

  • NaveenKumar S Profile Picture
    NaveenKumar S 3,475 on at

    thank you Brandon, this cleared all my doubts

  • Karthickks Profile Picture
    Karthickks 100 on at

    Hi Naveen,

    Could you please share few more questions.

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