As the calendar year comes to a close, most businesses are preparing for a rush of year-end activities. Even if your company does not have a calendar year-end, year-end is on many work and personal checklists right now. Time-sensitive year-end closes are Payroll and Inventory related; the year-end close for your General Ledger is less so. The year-end process for the General Ledger updates the Beginning Balances for the new year and can be run at any time. If you need to ad

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

Topics we will cover include: 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. Sign up now to ensure a s

Now that Service Pack 1 has been released for Microsoft Dynamics GP 2013, a lot of our customers are excited about upgrading. There are some really nice GL enhancements that were released and we want to share our top 5 with you! 1. During year-end close process you can now clear balances of unit accounts Mark the “Clear Balance During Year -End Close” in the Unit Account Maintenance window to clear the balance for the unit account. If you do not mark this option, the balance