D365 Finance & Operations and Dynamics AX Forum

Expand all | Collapse all

Fiscal year closing error message

  • 1.  Fiscal year closing error message

    TOP CONTRIBUTOR
    Posted 19 days ago
    Hi All

    While running a fiscal year close from path
    General Ledger > Periodic > Fiscal year close > opening transactions

    receiving the following error message:

    "The Fiscal year that ends with the date 12/31/2019 is already closed"

    However we can close Fiscal year as many times as require in AX 2012

    please advise

    Thanks
    Conference-AXUG_200x200


  • 2.  RE: Fiscal year closing error message

    GOLD CONTRIBUTOR
    Posted 19 days ago
    Najeem,

    Assuming you're on F&O.

    Step 1 - Go to GL parameters, ledger tab, 'fiscal year close' drop-down. Make sure 'set fiscal year status to permanently closed' is set to NO.



    Step 2 - When you're closing your fiscal year, there's an 'undo previous close' flag.. Select YES then click OK.



    ------------------------------
    Ian Gorman, PMP, MCSE
    Senior Consultant
    ------------------------------

    Conference-AXUG_200x200


  • 3.  RE: Fiscal year closing error message

    TOP CONTRIBUTOR
    Posted 18 days ago
    Hello Najeem JanatAli,

    I am not sure what version of Dynamics you are on but first check your General ledger parameters> General> Fiscal year close to see if you have flagged to 'Delete close-of-year transactions during transfer' to a yes.  This option allows the system to delete prior closing/opening transactions when a new closing is created.

    Also are you getting a full stop or just a warning?


    ------------------------------
    Stacy Black
    Senior Application Consultant
    MCA Connect
    Denver CO
    ------------------------------

    Conference-AXUG_200x200


  • 4.  RE: Fiscal year closing error message

    TOP CONTRIBUTOR
    Posted 16 days ago
    HI All
    its AX 2012 CU12

    From Ledger removed Account structure and fiscal calender and re aded a new fiscal calender, it work for now. Not satisfied with this trick

    Looking for a reason and proper solution

    Thanks and kind regards
    Conference-AXUG_200x200


  • 5.  RE: Fiscal year closing error message

    TOP CONTRIBUTOR
    Posted 15 days ago
    Hello Najeem,

    1.  Can you tell me if the periods for last year are in a state of On Hold or Closed?
    2.  In your General ledger parameters> Ledger> Fiscal year close do you have the flag turned on for 'Set fiscal year to permanently closed'?


    ------------------------------
    Stacy Black
    Senior Application Consultant
    MCA Connect
    Mukilteo WA
    ------------------------------

    Conference-AXUG_200x200


If you've found this thread useful, dive deeper into User Group community content by role