| title | description | author | ms.author | ms.topic | ms.date | ms.custom | ms.reviewer | audience | ms.search.region | ms.search.validFrom | ms.search.form | ms.dyn365.ops.version |
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Year-end close for Czech Republic and Hungary |
Learn about the year-end closing process and opening transactions for the Czech Republic and Hungary, including an overview on the year-end closing process. |
EvgenyPopovMBS |
evgenypopov |
article |
05/18/2018 |
johnmichalak |
Application user |
Czech Republic, Hungary |
2016-02-28 |
AX 7.0.0 |
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This article provides information about the year-end closing process and opening transactions for the Czech Republic and Hungary. This functionality allows user to set up the year-end closing process in the following ways:
- Posting to different accounts for closing and opening of balance accounts.
- Transfer of profit or loss year-end result into the newly opened year to a different account.
On the Accounts for automatic transactions page, you can specify the general ledger accounts to be used during the year-end closing process:
- Year-end result – This account will be used for transferring the ending balances of profit and loss transactions.
- Transfer of closing and opening transactions – This account will be used for transferring ending balances of balance sheet accounts.
Before you can post opening transactions to a different account for each of main accounts, you must specify the ledger account in the Opening account field on the main account.
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