Core finance

Path: Business functionality > Local functionality > France > Core finance · tier official · system finance · narrative reviewed (checked by Opus)

Overview

This section describes the French-specific finance functions in Business Central. It has two parts: day-to-day general ledger work and the fiscal calendar and year-end process. The ledger pages cover applying and unapplying G/L entries, printing reports such as Journals and G/L Trial Balance, exporting entries to XML and for tax audits, and viewing ledger reconciliations. The apply page carries a deprecation notice about replacement features.

The fiscal pages follow the life of a fiscal year. You open a new year with Create Year, and French law allows at most two open fiscal years. You control who can post and when through posting periods. At year end you close the accounting periods, run the Close Income Statement batch job and post the closing entry, then fiscally close the year. A single period can be reopened, but not once the year is fiscally closed.

Start with Year End Processes Overview and Fiscal Periods and Fiscal Years for the sequence. Then use the how-to pages for each step. For ledger work, start with General Ledger in France.

Key points

• Year-end has three steps: close the accounting period, generate closing entries with offsetting equity accounts, and fiscally close the year.
• No more than two fiscal years can be open at once. New years are created with the Create Year action on Accounting Periods.
• The Close Income Statement batch job generates entries that you post through the General Journal. They move the year’s result to balance sheet equity accounts.
• Fiscally closing periods or years blocks further posting. The Close Fiscal Period action and the Fiscally Closed field are used for periods, and the Fiscally Close Year checkbox for years.
• Reopen Fiscal Period lets you post to a single fiscally closed period. It is not possible after the year is fiscally closed.
• Allow Posting From and Allow Posting To in General Ledger Setup, or per user, set the permitted posting date range.
• Apply G/L entries on asset and liability accounts with applies-to IDs and letter fields. Unapply them with the Unapply Entries action on the Apply G/L Entries page.
• French reports include Journals, G/L Trial Balance, customer, vendor and bank account reports, the GL/Cust. Ledger Reconciliation report, and exports to XML and for tax audits.

Learn pages

• Apply General Ledger Entries [FR]: Learn how to apply general ledger entries to justify ledger balances on asset and liability accounts.
• Close Years [FR]: Learn how to close fiscal years and manage accounting periods in the French version of Business Central.
• Fiscal Periods and Fiscal Years (FR): A fiscal year usually consists of 12 monthly periods. In the French version of Business Central, you can have two open fiscal years simultaneously.
• General Ledger in France: Special general ledger functionality exists for the French version of Business Central.
• How to Close Income Statement Accounts [FR]: Learn how to close the income statement accounts in the French version of Business Central
• How to Fiscally Close Accounting Periods: Learn how to fiscally close the accounting period to make sure that no more general ledger entries can be posted.
• How to Fiscally Close Years: Learn the process of fiscally closing periods in a fiscal year to prevent further general ledger postings.
• How to Post the Year-End Closing Entry [FR]: Learn how to post the year-end closing entries after you use the Close Income Statement batch job.
• How to Specify Posting Periods [FR]: Learn how to specify posting periods to limit the period in which posting is allowed.
• How to Unapply General Ledger Entries [FR]: Learn the steps to easily unapply general ledger entries using the Chart of Accounts feature in Business Central.
• How to view ledger reconciliations: Learn how to view general ledger reconciliation with the customer ledger and vendor ledger in the French version of Business Central.
• Open a New Fiscal Year [FR]: Learn the steps to open a fiscal year and define its accounting periods in the French version of Business Central.
• Print General Ledger Reports [FR]: Learn how to print general ledger reports that comply with financial accounting standards. These reports include details about ledger, customer, vendor, and bank entries.
• Reopen Accounting Periods [FR]: Learn how to reopen a fiscally closed accounting period to post general ledger entries in the French version of Business Central.
• Year End Processes Overview [FR]: Overview of the fiscal year-end closing processes in the French version of Business Central, including compliance with French regulations.

Videos, posts and code changes

Linked by a Haiku matcher with a grounding quote from the item’s summary (link/topics.ts); machine-generated.

• #11941 Bug 651577 CompAuxNum and CompAuxLib columns should be informed for Payment Discount lines on Unapplied Entries in the French Audit File. (code change): “FEC audit file export now populates CompAuxNum and CompAuxLib columns for payment discount lines”
• #9710 [Main] [all-e]CompAuxNum and CompAuxLib columns should be informed for Payment Discount lines in the French Audit File.Initial Commit (code change): “The French Audit File export now populates CompAuxNum and CompAuxLib columns”

Business Central pages and reports

The pages, reports and queries this hub’s Learn pages name (ms.search.form, API reference), joined to the code by exact object id (data/index/docs-objects.json); a page shows the table it runs on.

• Page 16 “Chart of Accounts” · on Table 15 “G/L Account”

Learn also names 1 object with no object page: page/10842.

Source: Microsoft Learn (CC BY 4.0). Descriptions are Learn’s own.