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Reverse Year-end Close

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When testing the new feature” General ledger year-end enhancements” It doesn´t work as expected. When we create a reversal it doesn´t seem to do anything, the voucher is not reversed. Check the Reverse batch job history Log, it shows an error message “You must select an account with account type of Balance sheet or Equity”. Do you know where the problem is?

General ledger > Period close >Year end close

System administration > Inquiries > Batch jobs

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Alireza Eshaghzadeh 14,637 Super User 2025 Season 2 on at

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RE: Reverse Year-end Close

Hi,

Please click on "Years-end close template setup" and check it has been assigned a "Retained earnings" account for the company.

Please check the description for this feature on Feature management for more info:

If the accounting manager wants to reverse the year-end close, they can select the most recent fiscal year for the appropriate legal entity and choose the Reverse year-end close button. The reversal will delete the accounting entries for the previous year-end close, and will not rerun the year-end close automatically.

More info about reversing the year-end close process on Microsoft docs: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/year-end-close#reverse-the-year-end-close-process

Regards,
Alireza Eshaghzadeh| Business Consultant | My blog

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Prem Kumar Bachu 3,418 on at

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RE: Reverse Year-end Close

Hi,

Ensure the retained earnings account selected in original year close process is still active. Configure "year end results account" in accounts for automatic transactions in General Ledger.

Regards,

Prem

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saurabh bharti 15,039 Moderator on at

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RE: Reverse Year-end Close

Please change the type of Main account used for Year close( GL > Main Account > Account Type) : Retained earning account

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Community Member on at

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RE: Reverse Year-end Close

Hi Alireza,

Thanks for the reply.

There is a ledger account assigned on the "Year-end close template setup". We can't run the year-end close process without this account. We are testing on this new feature and reverse the latest opening balance. But it doesn't work. There is no reverse transaction at all.

Any suggestions?

Regards

Muping

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Alireza Eshaghzadeh 14,637 Super User 2025 Season 2 on at

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RE: Reverse Year-end Close

Hi Angel,

Do you run this process via batch job? without any error message?

Have you checked "Delete existing year-end entries when re-closing the year" general journal parameters?

I have tried this process on 10.0.21 and it works fine:

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SouravDam 11,730 on at

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RE: Reverse Year-end Close

Hi Angel,

The process is still same. In addition, it will just show you the reversed tick mark with the date and time.

You need to select the correct account with the appropriate account type as it says. It will work.

Regards,
Sourav

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