You are configuring the year-end setup in Dynamics 365 for Finance and Operations.

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 in to 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.
o Set the Delete close of year transactions option to No.
o Set the Create closing transactions during transfer option to No.
o Set the Fiscal year status to permanently closed option to No.
• Define the Year-end close template.
o Designate a retained earnings main account for each legal entity.
o Set the Financial dimensions will be used on the Opening transactions option to No.
o Set the Transfer profit and loss dimensions’ option to Close All.
• Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

A. Yes

B. No

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close