Ax2009 Creating a New Financial Period

Finance and Operations/AX User Forum
1

Hello,

I have created FY 2011 and 2012 as per my initial setup.

However during the opening balance entry I realized there are some invoice outstanding as of 2009.

When I try to create the periods for 2010 I am getting following error

“The start date must be the day after last day of the last year or the end date must be a day before the first year of the calendar”

Does this mean I cannot create a year/period prior to my 1st year in the setup

In other words

Current period in the setup are 2011 and 2012

I need to create 2010 system does not allow me to do this throws up above message.

Is there a way around ? how can I create the periods for 2010

Thanks in advance

2

Hi,

Systems check the start date of the new financial year with the last date. Normally it doesn’t allow to create periods in back date. However, you can create future periods.

If transactions has not been posted, i will suggest you to delete all the periods and create the periods fresh as per requirement.

3

Hello,

Thanks for you commnets.

I have not posted any transactions, however system does not allow me to delete the period with follwing message “Fiscal year cannot be deleted because not all periods are open” I have not done any period closing but the period at the begining of the year are having the status as “closed” this has been created by default by the system. I am unable to change the status of the period.

Is there a way around this ?

Best Regards,

4

Hi Kamaal,

As I understood your issue is on the 2009 invoices. I think you do not need to open 2010 period for this. this invoices will be included in the outstanding balances of your AR/AP awaiting settlement. I believe it is better to handle this by manually encoding the “due date” located at the invoice tab of the general journal. I assume that these invoices are part of your beginning balances.

I hope this helps.