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Clarification Required on Accounting Periods in Business Central

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Posted on by Revan Jaunt

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Hi Team, Can Business Central accommodate multiple accounting periods for a single company (e.g., January–December and April–March)? If not, could you please suggest alternative approaches using the existing features?

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Zain Mehmood 4,187 Most Valuable Professional on at

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Hi Revan,

Business Central doesn't support multiple fiscal year structures within the same company—only one accounting period setup is allowed at a time.

That said, one possible workaround is to use dimensions (e.g., "Calendar Year" or "Alt Fiscal Period") to tag transactions. This isn't the most elegant solution, but it can help you track and report against an alternate period like Jan–Dec.

It's not perfect, but it can work depending on how strict your reporting requirements are.

Hope that helps!

Regards,

Zain

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Valentin Castravet 31,340 Super User 2025 Season 2 on at

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It's not something the system can handle, can you provide more information why you need this or what you're trying to achieve?

Valentin Castravet
Work: Zander ERP Services
Blog: Dynamics 365 Business Central Insights
LinkedIn: www.linkedin.com/in/valentin-c-0500a247/

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Revan Jaunt 375 on at

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Hi Zain and Valentin,

Thank you both for your prompt responses.

In Business Central, I have created a company with the Indian fiscal year (April–March). However, at regular intervals, one of our investors based in the US requests to view the Trial Balance using the US fiscal year (January–December).

While I understand that financial reporting with date filters can help generate reports for the desired periods, I’m unsure how to handle opening balances for January, especially when those balances were originally posted in April as per the Indian fiscal year.

Could you please advise on how to filter or display accurate opening balances for January under this scenario?

Thanks again.

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Jainam M. Kothari 15,631 Super User 2025 Season 2 on at

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Hello,

No, it is not available in Standard Business Central

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Suresh Kulla 50,243 Super User 2025 Season 2 on at

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Check this link

https://erpsoftwareblog.com/2023/03/accounting-periods-and-fiscal-years-in-microsoft-dynamics-365-business-central/

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YUN ZHU 95,331 Super User 2025 Season 2 on at

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Functions such as closing the accounting period cannot handle two fiscal years, but with Financial Reports, you can customize the period you need.
We have handled this before, for example, Japan's fiscal year is 4~3, but the company also requires reports from 1~12.

Hope this can give you some hints.

Thanks.

ZHU

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Khushbu Rajvi. 20,363 Super User 2025 Season 2 on at

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Hope this helps: https://learn.microsoft.com/en-us/dynamics365/business-central/finance-accounting-periods-and-fiscal-years

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