Create closing transactions during transfer

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

When you close a fiscal year, you can post closing transactions to all profit and loss accounts and all balance sheet accounts. Opening transactions still will be posted to balance sheet accounts.

To do this, select the Create closing transactions during transfer check box in the General ledger parameters form.