Error when running the Year-End Close Process: Total of the transactions in the year is not 0.00. Total is #####. This is a serious error. Run Check on ledger transactions.

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Dynamics 365 Finance

The article titled "Tip of the Day: In Microsoft D365 Finance and Supply Chain (D365 F&SC), it’s that time of year again where you’re running the Year-End Close process to get the Beginning Balances in the Trial Balance" provides information on how to resolve the error "Total of the transactions in the year is not 0.00. Total is #####. This is a serious error. Run Check on ledger transactions."
The error is related to the functionality between ledger settlement and year-end close in Microsoft Dynamics 365 Finance version 10.0.25.
The article explains the enhancements made to ledger settlement and year-end close in Dynamics 365 Finance.
During general ledger year-end close, settled ledger transactions will no longer be included in the opening balance of the next fiscal year.
The article discusses the option to keep detailed opening balance transactions during year-end close and how it improves the ability to settle unsettled ledger transactions in the next fiscal year.
Before enabling the feature, certain considerations need to be taken, such as unsetting and resettling transactions from the current fiscal year and settling all marked transactions.
The article provides steps to set up ledger settlement and run the year-end close process.
It also explains how to settle ledger transactions and reverse settlements if needed.

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