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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Fiscal calendar change
Finance | Project Operations, Human Resources, ...
Answered

Fiscal calendar change

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Posted on by sunil narvaneni 261

Hi All,

I have to change the Fiscal Calender from Jan to Dec to Apr to Mar. So, we did the below.

1.Created New calendar

2.Mapped same calendar in Ledger form.

3.Run Recalculate ledger periods in Ledger form.

But I have one question, we have create new Calendar all the Periods(till 2019) are Open status, should we change them to [On Hold] manually? A

apart from above do we need to do anything in system for the Calendar change? And is there any impact in future? And any ledger balance discrepancies? And there will not be any impact for the current year closing? Which will be for 15 Months.?

Need to run year end closing?

Please suggest on this.

Thanks

I have the same question (0)
  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Fiscal calendar change

    Hello sunil,

    For question 1:

    I would personally prefer putting all periods on hold to make sure that nobody posts a transaction in 2019.

    For question 2:

    You can find a docu about fiscal calendar changes here:

    dynamicspedia.com/.../

    What you might have to look out for are - among others - your financial reports to ensure that they are setup in line with your new fiscal year and do for example not refer to fixed periods such as 01 Jan - 31 Dec

    For question 3:

    In regards to the year end close you might have to create an additional base year that bridges the time between the old fiscal year end (31 Dec) and the start of the new fiscal period (for example 01 Apr). Otherwise the year end closing process might show an error. Apart from that everything else should work as usual

    Best regards,

    Ludwig

  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 299,576 Super User 2025 Season 2 on at
    RE: Fiscal calendar change

    Hi Sunil,

    Fully agree with Ludwig here. I would try to block as much as possible periods to prevent wrong ledger postings.

    In your question it is not that clear if you want to add a small additional year from January to March or that you want to extend an existing year to become one with 15 months. Both is possible.

    If you want to extend a fiscal year where the year end process was already run, you can first delete the year closing transactions; then make the changes to the fiscal calendar.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Fiscal calendar change

    Hi sunil narvaneni,

    Would be great if you could review the feedback provided and let us know if your questions have been answered.

    If so, please be so kind and verify the answers.

    Many thanks and best regards,

    Ludwig

  • sunil narvaneni Profile Picture
    sunil narvaneni 261 on at
    RE: Fiscal calendar change

    Hi Ludwig @Thank you for reply

    After performing the “Recalculate ledger periods” function, other than the TB balance. Which reports do we need to check?

    Thanks.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Fiscal calendar change

    Hello sunil narvaneni,

    I think the recalculation of the ledger periods should be sufficient.

    All other reports should show the right balances then.

    What you can check in addition are the management reporter reports.

    Also here I would expect that everything works fine as before.

    Best regards,

    Ludwig

  • sunil narvaneni Profile Picture
    sunil narvaneni 261 on at
    RE: Fiscal calendar change

    Thank you very much@ Ludwig

    recalculation of the ledger periods should be sufficient that is fine.

    Is it necessary to Run the year end closing process?

    Thank you.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Fiscal calendar change

    Hi sunil,

    You can run the year end closing process again.

    If there are no postings, this closing process should have no effect and do no harm.

    Best regards,

    Ludwig

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