Fiscal Year - Status change from "Closed" to "Open"

Hi All,

Is it possible to change the Period status from “Closed” to “Open” with period code “Opening” (Start 1.4.2014 - End 1.4.2014) and post opening balances.

The new fiscal year was created from 1.4.2014 to 31.3.2015. Transactions are posted for April and May 2014. We were supposed to post opening balances from legacy system to this company as on 31.3.2014.

Please suggest how to proceed.

Any valuable suggestion much appreciated. Thanks in advance.

Warm Regards

Siddu

I may not be understanding your question, but this might be informative …

“The period status ‘Open’ enables posting of transactions in the period, whereas period status ‘On Hold’ blocks posting. The status ‘Closed’ also blocks posting - but unlike periods on hold, closed periods are not available for reopening. Therefore, the status ‘Closed’ should only apply if a period is definitely closed in accounting after reporting to the authorities.”
(Using Microsoft Dynamics AX 2012: 3rd Edition: Updated for Version R2, Andreas Luszczaki, Springer Vieweg, 2013, p309)