Setup step on the Year-end close template setup page · General ledger

Set up Year-end close template setup

Used to add or modify the templates that the Year-end close process runs.

Used by: Accountant, Accounting manager, Accounting supervisor
Business process: Roll balances forward in Dynamics 365 Finance
Menu item: LedgerFiscalCloseGroup
Main table: LedgerFiscalCloseGroup
Data entity: LedgerFiscalCloseGroupEntity
Setup steps: 1 on this page

Show what matters for

Everyone

1What it is and why

What it is	The setup page for year-end close templates.
What you do here	Used to add or modify the templates that the Year-end close process runs.
Example	For example, templates can be set up by geography, with separate groups for North American, EMEA, and APAC legal entities.

Year-end close template setup page in Dynamics 365 — The page in a working Dynamics 365 system. page title tab to open what to set or check

Functional consultant · Solution architect

2Where it fits

Business process	Close financial periods › Close periods › Roll balances forward in Dynamics 365 Finance
Menu path	General ledger › Ledger setup › Year-end close template setup
Set up first	Fiscal calendars Microsoft Learn ↗Main accounts Microsoft Learn ↗
Used next by	Year end close Microsoft Learn ↗
Related pages	—
In this process	—

End user · Functional consultant

3How to do it

Step by step, with screenshots

Set up Year-end close template setup1 screen

Used to add or modify the templates that the Year-end close process runs.

Screen 1
Create the year-end close template
Go to General ledger > Ledger setup > Year-end close template setup
1. Select New and enter the group name
2. Choose the fiscal calendar
3. On the Legal entities FastTab, select Add and enter the retained earnings account
1Group name BEAT-YEC
2Fiscal calendar BEAT
3Retained earnings 310100
Legal entity BEAT
Show the full screen
page title tab to open what to set or check

1Group name	BEAT-YEC
2Fiscal calendar	BEAT
3Retained earnings	310100
Legal entity	BEAT

Microsoft's steps

Go to General ledger > Ledger setup > Year-end close template setup.
Select New, enter a Group name, and select the fiscal calendar.
Add the legal entities, either one by one or through an organizational hierarchy.
For each legal entity, define the retained earnings main account.
On the Financial dimension tab, set Transfer balance sheet dimensions, usually to Yes.
For the profit and loss dimensions, set each dimension to Close all or Close single.
Save the template.

Source: Microsoft Learn ↗

Field guide

Field	What it means	Worked example	Table column
Group name	The template name, which should identify the group of legal entities it covers.Microsoft Learn ↗	BEAT-YEC	—
Fiscal calendar	The calendar shared by every legal entity in the template; only entities on the same calendar can be grouped.Microsoft Learn ↗	BEAT	`FiscalCalendar`
Transfer balance sheet dimensions	Keeps the financial dimensions of balance sheet postings on the opening balances; Yes is recommended.Microsoft Learn ↗	—	—
Close all	The default: keeps the original dimension values when profit and loss is moved to retained earnings.Microsoft Learn ↗	—	—
Close single	Summarizes all values of a dimension into one retained earnings balance for the value entered, or blank.Microsoft Learn ↗	—	—
Legal entity	—	BEAT	—
Retained earnings	—	310100	—

Functional consultant

4Setup decisions

Setup step	Recommended value and why	Decision · common mistake · test
Set up Year-end close template setup	—	—

Solution architect

5Design impact

Shared or per company	Shared: the same records are used by every legal entity. Microsoft data model ↗
Can it be undone	—
Feature or country	—
If you change it later	The year-end close follows the template's dimension settings, not the account structures, so opening balances can include dimensions that are no longer in the current structures. Microsoft Learn ↗

Technical architect

6Technical

Menu item	`LedgerFiscalCloseGroup` Checked in Dynamics 365
Form	`LedgerFiscalCloseGroup` Checked in Dynamics 365
Table	`LedgerFiscalCloseGroup`Shown as “Fiscal close group” in Record infoKey field: RecIdChecked in Dynamics 365
Data entities	`LedgerFiscalCloseGroupEntity`Fiscal close group Microsoft data model ↗
Who can open it	PrivilegesTransfer the closing balance of one year to the opening balance of another `LedgerTransferOpeningMAProcess`DutiesMaintain closing transactions `LedgerClosingTransactionsMaintain` 3 security roles Accountant `LedgerAccountant`Accounting manager `LedgerAccountingManager`Accounting supervisor `LedgerAccountingSupervisor` Checked in Dynamics 365
Actions on the page	Options: Personalize, Page options, ShareChecked in Dynamics 365

Developer

7Developer

Open it directly	`https://<your-environment>/?mi=LedgerFiscalCloseGroup`
Integrate with	`LedgerFiscalCloseGroupEntity` data entity Microsoft data model ↗
Table definition	`LedgerFiscalCloseGroup` columns and relations Microsoft data model ↗