Ms Dynamics AX - Create New Fiscal Year Form Setup

The Ms Dynamics AX - Create New Fiscal Year Form Setup | Ms Dynamics AX 2009 -  Create New Fiscal Year Form Setup | Ms Dynamics AX - Create New Fiscal Year Form Setup 2009 Version | Ms Dynamics AX - Create New Fiscal Year Form Setup details are given below...............

The fiscal year in Microsoft Dynamics AX 2009 can be:

• Set to any length

• Divided into any number of periods

Both fiscal year and periods can be set up by the following measurements of

time:

• Years

• Months

• Days

Each period can be:

• Closed completely or stopped to block transaction postings

• Set to enable selected users to continue an update of one or more modules

The periods and fiscal year feature is very useful for the preparation and

reconciliation of periodic and yearly accounts.

Set Up Periods and Fiscal Year

Before you post transactions in Microsoft Dynamics AX 2009, you must create a new fiscal year that is divided into periods because you cannot post transactions unless a period is created for the posting date.

With the "Periods" form you can:

• Create a new fiscal year.

• Define fiscal periods.

• Modify fiscal periods in existing company accounts.

• Recalculate period balances, if the periods of a fiscal year with

transactions are changed.

Procedure: Create Periods in a New Fiscal Year

Follow these steps to create periods in a new fiscal year.

1. Click General Ledger, click Setup, click Periods, click Periods,

and then click Create New Fiscal Year.

2. Enter the date the fiscal year starts in the Enter start of fiscal year

field.

3. Enter the date the fiscal year closes in the Enter close of fiscal year

field.

4. Specify the length of each period in the Desired length of period

field.

5. Enter the unit of measurement for that length in the Unit list.

For example, for each month in a year to be a period, the length of

the periods is 1 and the unit is Month(s).

6. Click OK to create the period(s) and view the Periods form.

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