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Profit and loss amount transfer during closing process in ax 2012 R3

Posted on by 35

Hey everyone,

We are using Microsoft dynamics AX 2012 R3. We tried to run year end closing process to roll over fiscal balances into new year.

We set retained earning account, say (310300) in the opening transaction form to transfer profit and loss balances.

We have department dimension in our dimension set. After closing process is finished, profit and loss balances are transferred into 310300 account with different dimension sets. We want to transfer those balances only in equity department (0310) with main account 310300.

Can anyone help me how to configure this on opening transaction form below.

21073.Untitled.png

  • Suggested answer
    Veronika Filonenko Profile Picture
    Veronika Filonenko 1,255 on at
    RE: Profit and loss amount transfer during closing process in ax 2012 R3

    It should not be set to close all, but all of your dimensions should be set to close to single and leave the dimension value field empty, expect for the department one where you can put the value 0310.

  • Naif Rasheed Profile Picture
    Naif Rasheed 35 on at
    RE: Profit and loss amount transfer during closing process in ax 2012 R3
    Hey Ludwig,
    This is how it looks like. I have selected "transfer financial dimensions" check box and nothing is selected in profit and loss transaction section. Like you have selected department but I did not select any department there.
  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Profit and loss amount transfer during closing process in ax 2012 R3

    Hi,

    What have you selected in your findim tab?

    Have you tried something similar to what is shown in the next screenprint?

    opening.png

    Best regards,

    Ludwig

  • Verified answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 287,696 Super User on at
    RE: Profit and loss amount transfer during closing process in ax 2012 R3

    Hi Naif,

    When you are including dimensions for the transfer of opening transactions, it will use the original posted dimensions. If you need a single dimension, try to set fixed dimension on the main account 310300. Usually this is overriding the dimensions, but not sure if it is also applied on opening transactions.

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