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Carry Forward the account balance to another account when i close the year

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Posted on by CU06111110-0

I have 2 account in the Charts account 1st is Vehicle account and 2nd one is Increase in vehicle during the year so now when i close the accounting year bal. of 2nd account will automatically transfer in 1st account. Is it possible ?

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Yi Yong 961 Super User 2024 Season 2 on at

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Carry Forward the account balance to another account when i close the year

Hello,

You can use Recurring General Journal with 'BD Balance by Dimension' to reclass from one GL to another GL at the end of the accounting period.

It is not automated, but you can create a Batch and Post it on every year.

Let say I have a debit amount of 100 posted into 1320 - Increases during the Year from 1 Jan 1 Dec 2024.

This is how I will create my Recurring General Journal.

You can see the result Preview Posting.

The system will recalls a total of 1,200 ( 100 * 12 months) from Increases during the Year to Vehicles GL.
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YUN ZHU 71,471 Super User 2024 Season 2 on at

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Carry Forward the account balance to another account when i close the year

If you consider customization it can be done, the standard can only be done manually each time as Valentin mentioned. However, some convenient functions can be used, such as the following Standard journals

Dynamics 365 Business Central: Working with Standard Journals (Save as Standard Journals and Get Standard Journals)
https://yzhums.com/15496/

Hope this helps as well.

Thanks.

ZHU
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Valentin Castravet 23,639 Super User 2024 Season 2 on at

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Carry Forward the account balance to another account when i close the year

There's no functionality out of the box that transfers the balance of such a 2nd account to the 1st account in your example. You'll have to manually do it using a journal entry.

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/