Every year we receive numerous questions year-end closing in Microsoft Dynamics GP, so we want to help you prepare now for a smooth year-end close process in Dynamics GP! The process for Dynamics GP year-end is not as complicated as it was five years ago, but preparation still helps make your day go better.
The following year-end close resources have been compiled by Massey Consulting so that you do not have to search far and wide for them. Complete the modular closes in the order they are listed below. Please don’t hesitate to contact us for additional help or information.
Dynamics GP Year End Resources
Year-end closing procedures for Inventory Control in Microsoft Dynamics GP
This article discusses how to close the year and how to prepare your inventory records for the new fiscal year in Inventory Control in Microsoft Dynamics GP.
Year-end closing procedures for Receivables Management in Microsoft Dynamics GP
This article contains checklists for the year-end closing process in Receivables Management. It also contains detailed information for each step in the year-end closing process.
Year-end closing procedures for Payables Management in Microsoft Dynamics GP
This article describes the recommended year-end closing procedures for the Payables Management module.
Year-end closing procedures for Fixed Asset Management in Microsoft Dynamics GP
This document outlines the recommended year-end closing procedures for Fixed Asset Management in Microsoft Dynamics. This article includes a checklist of the steps that you must follow to complete these procedures.
Year-end closing Procedures for Analytical Accounting in Microsoft Dynamics GP
There is not a ‘separate’ year-end close procedure for Analytical Accounting. The steps in this article will assist to check your data prior to doing the GL year-end close process to check for AA data that may cause errors during the GL year-end close process. This article will also show you how to set up the AA dimensions to have a Balance Brought Forward entry created in the new year per dimension if desired. Steps are also given on how to move historical data to history.
Year-end closing procedures for General Ledger in Microsoft Dynamics GP
This article outlines the recommended year-end closing procedures for General Ledger. It contains a checklist of steps and detailed instructions for each step.
Year-end closing procedures for US Payroll in Microsoft Dynamics GP
This document outlines the recommended year-end closing procedures for Microsoft Dynamics GP Payroll.
Thank you for reading our post and please contact us if you have any questions!