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.