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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Indian Financial Year ...
Microsoft Dynamics AX (Archived)

Indian Financial Year - April to March

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Posted on by mayurprabhu 205

Ours is a US MNC because of which the Financial year configured was Calendar year - Jan-Dec. For Income Tax purpose, we need the financial year to be April-March.

How do we configure AX to satisfy both the requirements - US year - Jan-Dec and Indian year April-March? Please advise

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  • Pranav Kumar Profile Picture
    Pranav Kumar on at

    Hi,

    Which verison of AX are you using? 2012 design is more firndly for multi company architecture.

    Also, are you using same company or creating different companies for India and US operations?

    Pranav

  • mayurprabhu Profile Picture
    mayurprabhu 205 on at

    We are using AX 2009. Only one entity - India we have

  • mukri_4@yahoo.com Profile Picture
    mukri_4@yahoo.com 345 on at

    Not possible to have 2 fiscal year.  I can suggest something which should work out. We can have a fiscal year of 15 months. We should make soft closing every month. And at the time of reporting we can select the period and generate the report. Or else we can copy the company to new company and use the data for that period .  If you have any more suggestion then we can also try.

    Special Note : This is just a workaround from me and nothing to do with the product.  

  • Suggested answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,156 Super User 2025 Season 2 on at

    Hi Mayur,

    Another suggestion: If the reporting can be done from the ledger transactions only, you can create a consolidation company where you can use the consolidation process to copy the transactions to the second company. Within the consolidation company you have your own fiscal year.

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