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AX 2009 Year End Close

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I am trying to perform the Year End Close process in AX 2009 for the year 2011. For some reason the balances do not want to be calculated and I get the warning message "No transactions to be posted" when I try to Post the balances

I even get the amounts in the differences column and not the balance column when I load the balances before posting. 

 

What could be causing this?


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