In AX2012, open balance transactions were created in accordance to current account structure and fixed dimension values setup.
Unfortunately, this very useful option is for some reason no longer available in D365.
The reason, why this option is so useful is, that in case users changed the account structure - add or remove financial dimensions or define new default dimension values on ledger accounts - based on their organizational changes, the old transactions were in most cases automatically adjusted to the new setup with the opening balances.
Currently, users would need to do the manual correction before they make adjustments to accounting structure and fixed dimension values. But they usually do not think of it and if they want to do corrections later, they need to revert the changes in accounting structure and financial dimension values, which is not recommended. Updating subledger accounts to the new setup is even more challenging.
If removing this feature was requested by some clients, it should still be available for others by including it as a feature or as a setup option.
Administrator on 10/1/2024 1:37:20 PM
I want to clarify the functionality for the year end close (YEC). The Dynamics F&O functionality for the YEC was taken exactly as it functioned in AX 2012 R3.
Account structures: In both AX 2012 R3 (and earlier) and Dynamics F&O, the account structures were never considered when bringing the balances forward into the next year. The reason for this is because the account structure could have changed, and now requires a dimension during the YEC, but the transactions posted earlier in the year don't contain those dimensions. There is no way for the YEC to default a required dimension value into those already posted transactions. Due to this, we have no intentions of changing this behavior.
Fixed dimensions: In early AX 2012 days we did apply the fixed dimension during the YEC, but support was removed early in the AX 2012 days and didn't exist on the AX 2012 R3 build used as the base for F&O. If there are clear business reasons to consider adding this back, please let us know with adding comments to this request.
Thank you!
Kristi Slininger, Finance product manager lead