Year-end Closing in AX 2012 R3

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Good afternoon everybody,

I read document and i understand as following:

- At year-end, we must use Closing Sheet function to transfer balance of Profit and Loss account to closing account. And we have to do this manual? i am right?

Then, we use Opening Transactions function to transfer opening balance of Balance sheet account to account that we choose in Opening Transaction form? i am right?

But, when i perform transfer opening balance, system transfer balance of Balance sheet account to 1 account automatically that is not account in Opening Transaction form. And i dont know why.

Please help me!

Thanks so much! :)

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André Arnaud de Cal... 301,134 Super User 2025 Season 2 on at

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Hi ThuyCao,

The Closing sheet is used to make corrections in a special closing period. You don't have to close all accounts.

The Opening transactions is indeed creating a new opening balance. In addition all amounts posted on Profit and loss accounts are cumulated and posted on the year-end result main account. When there is an Opening account setup on the main account that is different, the opening will be posted on the opening account.

Can you explain your last comment probably with a screenshot?

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Community Member on at

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Hi Andre,

Many thanks for your help.

I have one example as below:

At year-end:

- Balance of Balance sheet account: Debit A = 100, Debit B = 200

- Balance of Profit and Loss: Debit C (Expense) = 300, Credit D (Revenue) = 400

With Opening account that default for all account is 421 and Year-end result main account that choose in Opening Transaction form is 911.

After running Opening Transaction, how will system post?

With Profit and Loss, will it post:

Debit D :400

Credit C: 300

Credit 911: 100. right? how about Balance sheet account?

I tested step by step but i didnt understand the way it post.

Please help me,

Thank you!

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Community Member on at

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Hi Thuy,

I have the same issue as you had in 2015. Could you please share the way you have solved the issue. My name is Vinh and my number 0909 418 229. Thank you.

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Ludwig Reinhard Microsoft Employee on at

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Hi VINH.UQ,

You can connect to other community members directly and even send them personal messages. That's much better than publicly sharing telephone numbers, emails and alike unless you like to get some unwanted calls / spam messages :-)

Best regards,

Ludwig

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Community Member on at

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Hi VINH.UQ,

if I want to transfer balance account at year-end in AX 2012R3 according to VAS principle, i perform as below:

- Allocation profit and loss account to 911

- Allocation 911 to 4212

- After that, run Opening Transaction.

I hope this can help you.

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Community Member on at

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Hi Ludwig,

Thank you for your advice.

Best regards,

Vinh Nguyen

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Community Member on at

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Hi ThuyCao.

Have you found solution for this case ?

Thanks

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