Dynamics GP Year-end Closing procedures for the General Ledger
Many companies have the same fiscal year as the calendar year; that said, as we are nearing the year-end for 2017, it is a good time to review the year-end closing procedures for Dynamics GP. If you are tracking inventory, usually a date is chosen to perform a count and enter adjustments. If a company is using GP Payroll, all current year processing must be completed, the new tax table updates from Microsoft installed and then the payroll year-end closing steps within GP