Recently I have shared – MS Dynamics AX Fiscal Year Close - discussing how to close fiscal year in MS Dynamics AX, this post will discuss the mechanism of moving Profit & Loss balances to retained earning account (which selected manually in Fiscal year close)
MS Dynamics AX checking the setup of account type on each ledger account, all accounts with account type Profit & Loss, the application (MS Dynamics AX) moving the balances of these accounts to retained earning account, and the balances of these profit and loss accounts becoming zero (0) in the new year.
Maheshkumar S Tiwari edited Original. Comment: Added tags