Skip to main content

Notifications

Announcements

No record found.

Finance | Project Operations, Human Resources, ...
Suggested answer

Ledger calenders

(0) ShareShare
ReportReport
Posted on by

Hi All ,

Dynamics 365 F&O has ledger calendars and fiscal calendars .

Ledger calendar - Jan- Dec for all countries 

Fiscal calendar -   It vary from country to county  . IndiaFY April -March  , USA FY  - Jan-Feb ...

Can any on explain with an example how to use in the real world as i didn't see any major difference between them from application usage point of view ?

Thanks in advance.

  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,029 Super User 2025 Season 1 on at
    RE: Ledger calenders

    Hi,

    Ledger calendar is derived from fiscal calendar only . You can not create ledger calendar directly.

    Once the fiscal calendar is mapped to ledger setup of any legal entity then it becomes the ledger calendar.

    Which means now that legal entity will use that fiscal calendar for ledger posting.

  • Suggested answer
    Mohit Rampal Profile Picture
    Mohit Rampal 12,554 Super User 2024 Season 1 on at
    RE: Ledger calenders

    Hi lally, I tried searching your query in ChatGPT and here's the response. (I'm not functional expert so can't verify the response)

    In Dynamics 365 Finance and Operations (D365FO), both the Fiscal calendar and Ledger calendar are used to manage financial periods and periods of operation. The Fiscal calendar defines the start and end dates of an organization's fiscal year, while the Ledger calendar defines the accounting periods within the fiscal year. Here are some real-world examples of how these calendars are used in D365FO:

    Fiscal calendar usage:

    a) Budgeting: The Fiscal calendar is used to define the fiscal year for budgeting purposes. By setting up the Fiscal year in the system, organizations can plan their budgets and track their financial performance against the budget.

    b) Sales taxes: In some countries, sales taxes are calculated based on the fiscal year. By setting up the fiscal year in the system, organizations can ensure that their sales taxes are calculated accurately and reported correctly.

    c) Fixed assets: The fiscal year is used to calculate depreciation for fixed assets. By setting up the fiscal year, organizations can ensure that depreciation is calculated accurately and the fixed assets' financial statements reflect their current value.

    Ledger calendar usage:

    a) Month-end and year-end closing: The Ledger calendar is used to define accounting periods for month-end and year-end closing. By setting up the accounting periods in the system, organizations can ensure that all financial transactions are recorded in the correct period, and the financial statements are accurate.

    b) Financial reporting: The Ledger calendar is used to report financial results, such as balance sheets and income statements. By setting up the Ledger calendar, organizations can ensure that their financial statements reflect accurate data and comply with regulatory requirements.

    c) Intercompany transactions: The Ledger calendar is used to record intercompany transactions accurately. By using the same Ledger calendar across all companies, organizations can ensure that intercompany transactions are recorded in the correct period and the financial statements reflect these transactions.

    d) Cost accounting: The Ledger calendar is used to track cost accounting periods. By setting up cost accounting periods, organizations can ensure that their cost accounting data is accurate and can be used to make informed decisions.

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 292,162 Super User 2025 Season 1 on at
    RE: Ledger calenders

    Hi Lally,

    When we speak about fiscal calendars, then this is a global setup with accounting calendars. A ledger calendar is inheriting the period definitions from the fiscal calendar, specially to keep track of the status per legal entity. 

  • lally Profile Picture
    lally on at
    RE: Ledger calenders

    Hello Ramit ,

    Thanks for the reply and support . As i quoted above that i'm aware of that difference in general ,but need to understand how to use in the real world as i didn't see any major difference between them from application usage point of view ?

    In short where we use Ledger calendar in the application ? and Where will be used Fiscal calendar in the application ? Any example would be apricated.

  • Suggested answer
    Ramit Paul Profile Picture
    Ramit Paul 22,313 Most Valuable Professional on at
    RE: Ledger calenders

    Hi,

    Fiscal calendar varies from country to country as you mentioned.

    Like for India it is April to March, which means the first period for India will be April and 12th Period will be March next year.

    Likewise for USA, first is Jan and Last is December.

    With this note we need to configure the calendar to Dynamics based on the countries requirement in ledger setup.

    This setup will drive reports from the system such as TB, BS, P&L etc.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Vahid Ghafarpour – Community Spotlight

We are excited to recognize Vahid Ghafarpour as our February 2025 Community…

Congratulations to the January Top 10 leaders!

Check out the January community rock stars...

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,162 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 230,962 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Product updates

Dynamics 365 release plans