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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Close the fiscal Period
Microsoft Dynamics AX (Archived)

Close the fiscal Period

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Posted on by Community Member

Hi Everyone,

I am trying to close fiscal period but it is showing error of "You cannot close fiscal period Period 8 because it is referenced by open transactions. You must post, delete, or change the transaction date of the open transactions before you can close the fiscal period. ".

I checked all the journals and source document report nothing is showing in that within that period.

Please let me know as anyone has a solution for it .

Thanks is advance

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    There must be some pending transactions that have not been posted in your subledgers can you try identifying them and change their transaction date as the message indicated?

    Please note that such an open / pending transaction report can be found in the inventory module in the inventory closing form (step1/2).

    A side comment on that: I would not close the fiscal periods as you cannot reopen them. Better try putting them on hold.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    Hi Ludwig,

    i tried to find out pending transaction of sub ledgers but could not get that.

    Please mention me the path and report name in inventory module to find open transaction.

    I need to transfer closing to my opening thats why i need to close that period.

     

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Shivendra Singh kushwah,

    For the process of generating opening transactions, Dynamics AX does not require that prior periods are closed. If this is your only concern, then I would suggest not to close the periods.

    The Report that can help you checking open quantities can be found under Inventory-Periodic-Closing and adjustment -Close procedure - 1. check open quantities.

    Hope this helps,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    Actually i already transferred the opening transactions to accounts by Opening transaction voucher but wrong value has been come in account.

    Now i want to reset those opening transaction but for that it showing fiscal period need to close for reset.

    I also check report it showing open quantities with their journal no but error not coming because of them. I checked open quantities in previous period is also present and i able to closed those period so in my opinion that not causing an issue.

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    Can you elaborate why AX says that you have to close fiscal periods before you can repeat the opening transfers?

    You should be able repeating this process as often as required without any problems.

    Can you share the error message that you get?

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    FC_5F00_Close.jpg

    This is the error 

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    Can you check why the "set fiscal year Status to closed" parameter is selected in your GL Parameters? If you remove that one - what I would recommend unless you have some specific reason for that - the process should work.

    Best regards,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    I unchecked the parameter according to your concern but still i am not able to closed that fiscal period.

  • Community Member Profile Picture
    Community Member on at

    Ohh Sorry I misunderstood your suggestion. I reached to gl parameters and unchecked the parameter still trying to close that period.

    Now i am able to RESET the opening transaction what i have done wrong.

    Thanks for your help.

    It is done now.

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