Year End Close in AX 2012

Below is list of forms related to Year End Close in AX 2012

Before proceeding with year end close, plan and prepare for year end close. Refer Fiscal year closing checklist

Closing sheet (form)

Click General ledger > Periodic > Fiscal year close > Closing sheet. Click Closing accounts, and then click Load balances.

Use this form to transfer balances from the selected ledger accounts to the closing sheet.

If there is an error in year end posting and you would like to reverse the transactions then:

Use Select Delete existing accounts check box to delete balances that are already loaded.

Closing accounts (form)

Click General ledger > Periodic > Fiscal year close > Closing sheet. Click Closing accounts.

Use this form to perform the following year-end closing tasks for fiscal years:

• Load current balances for the selected range of accounts for the closing sheet.
• Modify the transfers to the selected account.
• Print and post the closing sheet. 

Transfers (form)

Click General ledger > Periodic > Fiscal year close > Closing sheet. Create a closing sheet and then click Closing accounts. Select a main account and then click Transfers. If no main accounts are available for selection, click Load balances in the Closing accounts form, and then click Transfers.

Use this form to view and edit transfers to the selected closing ledger account. You can enter a description and the offset account, and adjust the amounts, if you have to.

Opening transactions (form)

Click General ledger > Periodic > Fiscal year close > Opening transactions.

Use this form to generate closing entries in the previous fiscal year and create opening balance transactions in the new fiscal year.

The General ledger parameter settings are displayed in the General ledger parameters section, but can be changed only in the General ledger parameters form.

Note: You can transfer opening transactions as often as you have to until the fiscal year is closed.

Purchase order year-end process (form)

Click General ledger > Periodic > Fiscal year close > Purchase order year-end process.

Use this form to close purchase order encumbrances in the fiscal year that is being closed, and then re-establish them in the new fiscal year. The purchase orders remain open, and only the purchase order encumbrances are closed and then re-established. You can select how to process the purchase order encumbrances, and also select which purchase order encumbrances to process.

Microsoft Dynamics AX 2012 Feature Pack Released

If you do not want to use the Retail functionality, turn off the Retail configuration key (RetailRetail).
Microsoft Dynamics AX 2012 R2 will be released in H1 Calendar Year 2013

Manual Depreciation

When you set up a fixed asset depreciation profile and you select Manual in the Method field in the Depreciation profiles form, the depreciation of fixed assets that are assigned to this depreciation profile is determined by the percentage that you enter for each interval in the calendar year.

The intervals that you set up with percentages are posted according to the selection that you make in the Period frequency field on the General FastTab of the Depreciation profiles form. The posting intervals that you can select are as follows:

1. Yearly
2. Monthly
3. Quarterly
4. Half-Yearly
5. Daily

When you select the posting interval, click Manual schedules and set up percentages for each posting interval.

With manual depreciation, the percentages that you enter in the intervals of the depreciation do not have to total 100 percent. It is a flexible depreciation method that is often used to define an extraordinary depreciation profile in the Depreciation books form, such as a non-periodic depreciation for special (perhaps tax) purposes.

For examples refer Microsoft Technet

Credit Card Processing in AX 2012

This paper provides an overview of the principles used in the credit card processing area of Microsoft Dynamics AX 2012. It describes how to automate the processes of authorizing a credit card amount at the time of an order, and then processing the charge when the order is shipped and invoiced. It also describes how to upgrade from using credit card processing for Microsoft Dynamics AX 2009 to Microsoft Dynamics AX 2012. Download white paper from here.

Enabling Catch Weight in Axapta

First step is to activate the configuration key - Process Distribution -> Catch weight.

To activate the Configuration Key, go to System administration > Setup > Licensing > License Configuration.