Why the Fiscal Year Close in Microsoft Dynamics AX 2009 Is So Important, and How to Get It Right

February 22 2010

When a company finalizes its accounts for a particular year using Microsoft Dynamics AX and doesn't want to make any further changes in that year, it can then close that year by using 'Fiscal Year Close'.

At that point, the records of that year will be available only for view. No more changes are possible in that year. If you have filed your returns for any particular year and don't need to make any changes, you can close that year.

About Sanam Khan

Sanam Khan is an ERP senior consultant  with Maison Consulting & Solutions, ERP partners of Microsoft in Pakistan and the Middle East. She has implemented many Microsoft Dynamics AX projects, both in Pakistan and elsewhere. She specializes in Dynamics design and analysis, requirement specification definition, proof of concept, business process mapping BMP, business process reengineering BPR, team leading, IT project implementation / Management , data conversions, integrations, ERP pre-sale activities and post-implementation support roles. 

 

More about Sanam Khan

Comments

najam.saqib's picture
On February 23rd, 2010 Najam Saqib said:

It is simply FANTASTIC. Good jobl done. Very useful for every organization useing AX. A MUST READ for ERP connected people. Congratulations of Ms.Sanam
msajid3's picture
On June 28th, 2012 Muhammad Sajid said:

Excellent Article in deed.
Waqas's picture
On February 23rd, 2010 Waqas Butt said:

Awesome, Must say great Work.....Keep it up and good luck for the future. Regards, Waqas http://waqasb.blogspot.com/
roger.laine@ciber.com's picture
On February 25th, 2010 Roger Lainé said:

Hi Sanam A Superb guide to the Fiscal Year Close in AX. Regards RogerL
aditya.malyala's picture
On March 28th, 2018 Aditya M said:

Hi Sanam, there's quite good information in this Blog. we have a problem here. we need to post a JE for December 2017 . but the year has been closed. can we do it in any ways ..is that safe and if we do it we might have to run the year end close again? Could you Please advise out of your expertise. thank you in advance Aditya

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