Consider this scenario: In preparation for your fiscal year-end close you have closed all the fiscal periods in Microsoft Dynamics GP 2010 Fiscal Period Setup for that year. You have the new year created and users have been posting in that new year. You notice that the checkbook register balance has changed even though there …
Tag Archive: general ledger
Dec
17
Microsoft Dynamics GP Fixed Assets Year End Closing Procedures
The Fixed Assets year end close is not a date sensitive process. All transactions for the current year need to be entered and processed before entering/processing transactions for the new year. This includes: additions, disposals and running depreciation for the last period of the year. Once all current year activity has been processed for Fixed …
Nov
22
Microsoft Dynamics GP Year End Closing procedures
Year end is a busy time for all of us! Let’s make it a bit less stressful by reviewing the year end closing procedures for Microsoft Dynamics GP before you need to close! As Microsoft releases articles that are specific to year end closing of each module we will post them on our web site. …