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Period on hold vs closed

  • 1.  Period on hold vs closed

    TOP CONTRIBUTOR
    Posted Aug 10, 2021 01:51 PM
    Hi All

    please any one can clarify different impacts of period on hold vs closed

    As my understanding is once period status is closed, AX or D365 wont be able to open, please clarify or confirm..thanks



  • 2.  RE: Period on hold vs closed

    SILVER CONTRIBUTOR
    Posted Aug 11, 2021 09:15 AM
    Najeem,

    If you ever need to reopen a period to make an adjustment, use On Hold. Once you Close a period, it CANNOT be reopened. We've been on Dynamics in various forms since 2013. We don't go back and make adjustments to prior periods but we always put our periods On Hold just in case.

    ------------------------------
    Amy Akley
    Sr. Financial System Analyst
    XTRA Lease
    Saint Louis MO
    ------------------------------



  • 3.  RE: Period on hold vs closed

    Posted Aug 11, 2021 11:11 AM
    That is correct. We were told to never close a period. Just put it on hold because if a period is closed it cannot be reopened.
     
     
     
    Dawn Lofquist
    ERP Project Manager
     
    C 262.800.0561
     
     
     
     
     
     





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