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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Financial Year Closure...
Small and medium business | Business Central, N...
Suggested Answer

Financial Year Closure in Business Central-Its impact in the Consolidation Company

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Posted on by CU19110805-0 4
I have 3 levels of companies that goes upto Consolidation. 
My Parent Consolidation Company has Financial Year as Jan - Dec 2024. 
My Child COmpany has Financial year as July - Jun 2024. 
When Child company (BU) year is closed, the Income & Expenses became zero for Aug 2024. Whereas in the Parent Company, i need to show that as YTD from Jan - August. 

How to handle this scenario. 
Categories:
Dynamics 365 Business Central
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  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 32,666 Super User 2026 Season 1 on at
    When you consolidate data, it's done on a monthly basis. So, for example, you would consolidate May, June, July, etc. When you run the close income statement, it posts the closing entries on a date with a 'C' in front of it. This date/entry isn't included in the consolidation. While the income and expenses will show as zero in the child company because of the closing entry, those balances have already been consolidated in the parent company without the closing entry.
     

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