Evaluate the closing setup
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Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
You should review the following settings before you close the fiscal year. You cannot change some of these settings after you start the year-end closing processes.
Click General ledger > Setup > Chart of accounts > Chart of accounts.
Select a chart of accounts. On the Main accounts FastTab, click Edit.
For each main account that could be subject to adjustments, verify that you have selected the correct option in the Close field on the General FastTab. This field value determines which field will display adjustments to the account balance. These fields are in the Totals field group in the Closing sheet form.
Click General ledger > Setup > General ledger parameters.
In the Ledger area, verify the field values on the Fiscal year close FastTab.
The Delete close-of-year transactions during transfer check box might be cleared during the closing process. If this occurs, opening transactions and system-generated closing transactions that exist for the year that is being closed will not be deleted when the transfer is processed again in the Opening transactions form. You can select the Delete close-of-year transactions during transfer check box in the General ledger parameters form before you complete the closing process again.
For information about the other fields in the General ledger parameters form, see General ledger parameters (form).