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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Settle general ledger ...
Finance | Project Operations, Human Resources, ...
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Settle general ledger account balances across fiscal years

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Posted on by TS-15010820-0
How can one reconcile open items from the previous year with payments from the current year in Dynamics 365 for Finance and Operations without canceling the year-end closing?
 
I'm currently working in LedgerTransSettlement to find a solution.
 
Thank you!
  • Hana Xue Profile Picture
    Hana Xue Microsoft Employee on at
    Settle general ledger account balances across fiscal years
    Hi,
    Please check if the link below is helpful.
    Ledger settlements - Finance | Dynamics 365 | Microsoft Learn
    www.linkedin.com
    Best Regards,
    Hana
  • Suggested answer
    Magno Pereira Profile Picture
    Magno Pereira 2,429 Super User 2024 Season 2 on at
    Settle general ledger account balances across fiscal years
    Ledger settlements - To keep a record of detailed transactions for unsettled transactions during the year-end close, you can select the the Keep detail during the year-end close field in the Ledger settlements parameters. However, this option is only available if the main account is set up with a Main account type of Balance sheet, Asset, or Liability.
    • Keep detail during year-end close – By default, the option is set to No. It can be set to Yes only if the value in the Main account type column is Balance sheet, Asset, or Liability. When the option is set to No, opening balances will be posted in summary, as is typical during year-end close. If it's set to Yes, opening balances will be created in detail for each ledger transaction that isn't settled for the main account.

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