How come the closing income statement, don't have C in front of the Posting Date.?

(5) Share

Report

Posted on by joshtechsolutions

4,947

Hi Community,

After I did the Close Income Statement, usually Close income statement will bring us to the General Journal to check the statement entries before posting. I noticed that in the entries, my Posting Date, doesn't have the C in front of the Posting Date. I.e. C31/12/2019. Can you advise how does the C appear ?

Secondly, I notice that the moment I delete away all the lines in the journal, as I wish to try if it was a problem, now when I rerun the Closing Income statement to populate the journal back, it doesn't populate the journal lines anyone more.

Despite it saying "The Journal Lines have successfully been created."

Thank you !

Categories:

Dynamics 365 Business Central

Microsoft Dynamics NAV

I have the same question (0)

All responses (10)

Answers (3)

joshtechsolutions 4,947 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hi Valentin Castravet,

Thank you for the hint.

I didn't get C for my 2019, but I move on and try 2020, I was able to get the C31122020..

But I'm glad to get the hint that if the entries are posted, then it should not appear. At least that make sense to me.

Although I'm still not sure why there was no C when I tried my 2019, I assume it might be some bug as my BC was in the version 14.

I did tried a couple of times, and no C comes out, and also I have checked that there are no 2019 Closing entries.

Its okay, as long as I managed to get for my later entries. But if anyone knows why or have the same experience, please let me know.

Thank you.

Was this reply helpful? Yes No
Verified answer

YUN ZHU 91,863 Super User 2025 Season 2 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

I did a quick test and it doesn't have this problem.

Close fiscal year -> Run Close Income Statement. Is it caused by a third-party extension?

Test Version: W1 26.0 (Platform 26.0.32850.0 + Application 26.0.30643.32957)

Thanks.

ZHU

Was this reply helpful? Yes No
Verified answer

Valentin Castravet 29,203 Super User 2025 Season 2 on at

Like (3)

Report
How come the closing income statement, don't have C in front of the Posting Date.?

First off, this thread is filled with AI generated answers.

When you run the Close Income Statement batch job, make sure you select the option to mark the entries as closing entries. This is typically done by setting the "Closing Entry" option to "Yes" or checking the relevant checkbox.

That's not an option when you run the close income statement function. This answer is AI hallucination.

Now, to actually answer your question: Are you sure the lines without a "C" weren’t already in the journal? It’s possible someone created them manually within the same journal batch. The Close Income Statement function will always generate lines with a "C", so that’s the only logical explanation.

If the function isn’t generating new lines when you run it again, there are only two possible reasons:

There are no entries left to close (which is unlikely), or

The Close Income Statement function has already been run and posted for that fiscal year.

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/

Was this reply helpful? Yes No
joshtechsolutions 4,947 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hi Vahid Ghafarpour,

Thank for the reminder, however, I haven't got the reason why there is no C in front of my posting date so far.

Was this reply helpful? Yes No
Vahid Ghafarpour 11,940 Super User 2025 Season 2 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

If any of the responses helped resolve your issue, please take a moment to mark the best answer. This helps others in the community quickly find solutions to similar problems.

To do this, simply click the "Does this answer your question?" button on the most helpful response and like the helpful posts. If your issue is still unresolved, feel free to provide more details so the community can assist further!

Thanks for being an active part of the Dynamics 365 Community!

Was this reply helpful? Yes No
Verified answer

Gerardo Rentería Ga... 23,554 Most Valuable Professional on at

Like (3)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hi, good day
I hope this can help you, and give you some hints.

Year End Closing in Microsoft Dynamics 365 Business Central | Dynamics Essentials

Closing Dates, the forgotten magic dates in AL and Business Central

Best Regards
Gerardo

Was this reply helpful? Yes No
joshtechsolutions 4,947 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hi GR-01081100-0,

Thanks for the reply and elaborative steps.

I'm just wondering

1. How come I did all the steps like yours, but my posting date at journal entries still do not have the "C"

2. how come when I remove all the lines in the journal, and re-generate the close income statement entries in journal, system didn't generate the entries anymore after the first round..

Thank you.

Was this reply helpful? Yes No
Suggested answer

Gauravsingh.rajput@... 47 on at

Like (2)

Report
How come the closing income statement, don't have C in front of the Posting Date.?

Just check below process if something is missed from your end.

Accounting Period: -

An accounting or financial reporting period which is often of 12 months there may be various accounting periods for various business tasks. It is any time frame used for financial reporting.

To view and create the accounting period below are the steps.

STEP1: - Search “Accounting Periods” in business central.

STEP2: - List of accounting periods will open.

STEP3: - To create a new accounting period Click on “Create Year”.

STEP4: - When we click on create year system automatically suggest the new year. Here we also No. of Periods, and Period Length.

After Click on “OK” a new Fiscal Year will be created.

STEP5: - You can see the new created Fiscal Year the

STEP6: - To close the Previous year whose all entries are done, and we are sure about it. We simply have to click on “Close Year”.

STEP7: - A new window will open.

We cannot open the accounting period once it is closed. Therefore, we must be careful before doing that.

Year End process in Business Central

How to run year-end processes in Business Central

As financial year-end approaches for most businesses, let’s look at the necessary setup and steps for running year-end processes in Microsoft Dynamics 365 Business Central.
When you close at the end of the year, the system transfers earnings from Calculated Earning to the Retained Earning account in the balance sheet and closes all income statement account.
You can run the year-end close process multiple times. Dynamics 365 Business Central has the ability run the Close Income Statement as many times as required. When the journal is created, it posts with a ‘C’ in front of the date, for example C30062019.
Steps to perform year-end closing in Business Central:

STEP 1. Using Account Period option to
Using the search icon in the top toolbar, enter ‘accounting period’ and select the related link then click on ‘Close Year’.

On the Account Periods page, you can select Close Year either on Process or Actions action.

The fiscal year is closed and the Closed and Date Locked fields for all the periods in the year are selected. The fiscal year cannot be opened again, and you cannot remove the checkmark from the Closed or Date Locked fields.
NOTE: You cannot close a fiscal year before you create a new one.

STEP 2. Using Close Income Statement option to generate year-end closing entries
This batch job processes all general accounts of the income statement type and created entries that cancel out their respective balances. Each entry is the sum of all general ledger entries on the account in the fiscal year. These entries are placed in a journal in which you need to specify a balancing account and retained earnings account in the balance sheet before posting. When you post the journal, an entry is posted to each income statement account so that its balance becomes zero and at the same time the year’s result is transferred to the balance sheet.
Using the search icon enter ‘close income statement’ and select the related link. Fill in the Options box prompts, complete each option as required, and click OK. The process to close the income will proceed.

Options

Fiscal Year Ending Date – This date is used to determine the closing date and it will automatically populate with the last date in the latest closed fiscal year.

Journal Template – Select the general journal template that the entries are placed in (normally GENERAL).

Journal Batch – Select the general journal batch that the entries are placed in.

Document No. – If you filled in the Journal Template field and the Gen. Journal Batch field, the batch job automatically fills in this field with the next available number from the No. Series for the journal batch. You can also fill in this field manually.

Retained Earnings – Select the retained earnings account that the batch job posts to, you will need to adjust in the closing entry once the batch job has created the entry if there are multiple retained earnings accounts or dimensions are used in combination.

Post to Retained Earnings – Specify if the resulting entries are posted with Retained Earnings account as a balancing account on each line (Details) or if retained earnings are posted as an extra line with a summarised amount (Balance).

Posting Description – Specify the description that accompanies the posting, the default text is Close Income Statement.

Business Unit Code – Select if you want an entry to be created for each Business Unit Code

CLOSE BY – This is to determine how many entries are created by the batch job with options:

Business Unit Code – If this field is selected and the company is a consolidated company separate entries are created for each business.

Dimensions – If you want an entry to be created for each dimension value combination used in the general ledger account.

Inventory Period Closed – Select if you want inventory period with ending date equal to or prior to the last date of the accounting period to be closed when you run the batch job.

NOTE: If you do not want to close by business unit or dimension, only one entry is created for each account.

STEP 3. Review the general journal and post the journal with offsetting equity account
After you use the Close Income Statement batch job to generate the year-end closing entries, you need to open the journal you specified in the batch job, review those entries and post.
Date with a “C”
You will see all entries with this batch will have a date starting with “C”. This shows these are closing entries and also allow financial reports to exclude the closing entries. This could allow you to run income statements reports across multiple years and exclude the closing entries.

NOTE: If an error is detected, an error message will display. If the posting is successful, the posted entries are removed from the journal. After posting is complete, an entry is posted to each income statement account so that its balance becomes zero and the year’s result is transferred to the balance sheet.

Was this reply helpful? Yes No
joshtechsolutions 4,947 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hi Jainam M. Kothari

Thank you for your reply.

May I ask where is this "This is typically done by setting the "Closing Entry" option to "Yes" or checking the relevant checkbox." that you refer to ?

I don't see it.

Was this reply helpful? Yes No
Suggested answer

Jainam M. Kothari 12,124 Super User 2025 Season 2 on at

Like (2)

Report

How come the closing income statement, don't have C in front of the Posting Date.?

Hello,

When you run the Close Income Statement batch job, make sure you select the option to mark the entries as closing entries. This is typically done by setting the "Closing Entry" option to "Yes" or checking the relevant checkbox.

May this help : https://community.dynamics.com/blogs/post/?postid=3032369d-1a96-475a-a5c0-48666499d742

https://learn.microsoft.com/en-us/dynamics365/business-central/year-close-books

Was this reply helpful? Yes No