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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / YEAR END CLOSE PROCESS
Finance | Project Operations, Human Resources, ...
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YEAR END CLOSE PROCESS

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Posted on by LaLaLee 4

Dear all,

I have questions related to the Year-end close process. When I ran the YEC process and did not turn "Yes" for the button: "Transfer balance sheet dimensions," that meant I did not prefer to transfer for dimensions and only conveyed the account.

But when I checked the Voucher Transaction of the YEC, I observed that the account in retained earnings (balance sheet type) still had the dimension, and others didn't. Can you all explain why this happened?

Thanks!!

I have the same question (0)
  • LaLaLee Profile Picture
    LaLaLee 4 on at

    Helpp, plz!

  • Suggested answer
    Magno Pereira Profile Picture
    Magno Pereira 2,435 Moderator on at

    The configuration of the balance sheet dimensions does not impact the existing balances in the retained earnings ledger accounts. The balances in those accounts are determined solely by the profit and loss dimensions that are defined. Therefore, the retained earnings from the previous year remain unchanged, regardless of whether the 'Transfer balance sheet dimensions' setting is set to No.

    What is the current configuration in the 'Transfer profit and loss dimensions' section?

    If you choose to 'Close single' but do not provide a financial dimension value, all transactions will be posted to retained earnings with a blank dimension value

  • LaLaLee Profile Picture
    LaLaLee 4 on at

    Hi,

    Thank you for your response!!

    Besides, I would love to know more about how the YEC functions. When I ran the YEC with batch job parameter and I received that the YEC status was processed ERROR in batch job so when I came back and checked the year end close history there nothing to reveal?

    So I wanna ask what's issue that causes the YEC run failed?

  • Suggested answer
    Magno Pereira Profile Picture
    Magno Pereira 2,435 Moderator on at

    To determine the cause of the issue, follow these steps:

    1. Go to the batch job page.
    2. Select the specific job related to the issue.
    3. Review the batch job history.
    4. Validate the log associated with the job.
    5. Look for any error messages or explanations that might indicate the cause of the failure.

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