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You are configuring the year-end setup in Dynamics 365 Finance.
You need to configure the year-end setup to meet the following requirements:
-The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13.
-The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
-All dimensions from profit and loss must carry over into the retained earnings.
-All future and previous periods must have an On Hold status.
Solution:
-Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
-Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions option to Close All.
-Set all prior and future Ledger periods to a status of On Hold.
Does the solution meet the goal?
Answer(s): A
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close