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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Opening Balances & Ope...
Small and medium business | Business Central, N...
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Opening Balances & Operational Transactions in Business Central Reports

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Posted on by PS-20050952-0 69

In Microsoft Dynamics 365 Business Central ERP, I have closed the fiscal year 2024, and the closing balances are carried forward to the first day of the new fiscal year (January 1, 2025). My fiscal year follows the calendar year.

  1. Cash Flow Statement Issue:

    • When I generate the Cash Flow Statement for January in Financial Reports, it includes the opening balance.
    • However, I don’t want the opening balance to appear in this report because it should only show operational transactions (sales and purchases) from the new fiscal year.
    • How can I configure the report to exclude opening balances and track only operational transactions for the new year?

I would appreciate any guidance on this. Thanks!

Categories:
Dynamics 365 Business Central
Microsoft Dynamics NAV
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 76,516 Super User 2024 Season 2 on at
    Opening Balances & Operational Transactions in Business Central Reports
    Hi, you can try the following settings first.
     
    Thanks.
    ZHU
     
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 25,565 Super User 2024 Season 2 on at
    Opening Balances & Operational Transactions in Business Central Reports
    Is there a problem with how your cash flow statement is set up perhaps? Instead of showing the net change in transactions, its showing the balance?
     
  • Suggested answer
    KasparsSemjonovs Profile Picture
    KasparsSemjonovs 4,032 Super User 2024 Season 2 on at
    Opening Balances & Operational Transactions in Business Central Reports
    How did You do the closing of fiscal year?
    If You run the process "Close Income statement", then the closing balances would be posted with a special date C31.12.2024. This date is like an imaginary date between 31.12.2024 and 01.01.2025. If you create a report on any of these dates, the closing balances are not shown.

    Close income statement accounts - Business Central | Microsoft Learn

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