Fiscal year close - Opening Transactions.

Finance and Operations/AX User Forum
1

Hi Folks ,

General ledger- Periodic - Fiscal year close - Opening Transactions.

Transfer Method - Balance Accounts has two options Reset and Closing > Opening .

MS manauls not explained in detail about the above options .

Could any pioneer explain with an example of what would be the backend entries if Use Reset and what would be the entries if take Closing > Opening .

Thanks in advance.