Sometimes companies are in the need to change the fiscal book year to another start and end date. It is possible to change a fiscal calendar for legal entities in Microsoft Dynamics AX 2012. This post is a walkthrough to guide you through the steps to achieve the desired result.
Let’s directly start with an example of the requirement to change the fiscal year. Suppose the fiscal calendar runs from January till December and this needs to be changed. The new calendar will run from April till March. You might have already posted transactions in your environment for several years. Also you could have some other companies which also needs to get a new pattern. Due to different regulations per country it might become a bit more complex. Some companies then would need to have the current fiscal year extended to 15 months. Other companies must have the current year to be 12 months and the next year 15 months. Also others might be in the need for an additional fiscal year of three months. Whatever the regulation is, the best thing to do is per different shift you need to create a new fiscal calendar.
Ax example the USMF demonstration company will be used. This company has now transactions in the fiscal year 2015 and also new fiscal years for 2016 and 2017 are already created. Use the navigation path General ledger > Setup > Fiscal calendars.
Perform the next steps:
That’s all for now. Till next time!