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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / year end process
Finance | Project Operations, Human Resources, ...
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year end process

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Posted on by DNJ 496

Hi,

I have a quick question regarding the Year-end process. When we have adjustment entries in the prior year period that's already been closed and run the Year-end close process, do we need to undo the year-end close before we post adjustment JEs in the prior year? Or can we post adjustment JEs in the close year, then undo the year-end close and redo the year-end close? Or does it make any difference? Please note the GL parameter for "Delete close-of-year transactions during transfer" is set to "Yes."

  • Suggested answer
    Alireza Eshaghzadeh Profile Picture
    Alireza Eshaghzadeh 13,078 Super User 2024 Season 2 on at
    RE: year end process

    Hi DNJ,

    In addition to Billur's feedback, If you want to have just one voucher number as IB/UB, you can activate "Delete existing year-end entries when re-closing the year" on General ledger parameters"

    pastedimage1664363081720v1.png

    Ref. to description from D365FO: 

    If you re-close a year with this option marked, accounting entries generated during the previous close will be deleted. New vouchers will be created for all transactions for the year you are closing. If you re-close a year without marking this option, the existing vouchers will remain. New vouchers will be created for the new transactions that were posted since the year-end close process was run previously.

  • Suggested answer
    BillurSamdancioglu Profile Picture
    BillurSamdancioglu 15,811 Most Valuable Professional on at
    RE: year end process

    Hi,

    If delete is yes and you run again, system deleted the transaction and re run. If set to no, only difference is posted.

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