Year End Procedures

In this workshop you will learn the processes and steps necessary to close an accounting period and a fiscal year. The steps necessary to complete each phase of the closing process will be discussed in detail.

Audience:

Users who want to learn the features and develop an extensive knowledge of the procedures required to perform a fiscal period close in Microsoft Dynamics GP.

Topics:

  • Complete the processes that are performed at the end of an accounting period.
  • Consolidate periods and be aware of the effects of performing the consolidation process.
  • Complete the steps necessary to close a year in the General Ledger.
  • Set-up a special posting period for posting adjusting entries.Print detailed Trial Balances and Financial Statements.
  • Use the Mass Close option, where applicable.
  • Set up a new fiscal year.

Prerequisites:

General knowledge of core financial modules and at least one month of Great Plains work experience.

Sign up for the following dates:

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