Microsoft Dynamics – Year end closing

This blog is the year end closing process for Dynamics GP. A common question asked by many! Payroll year-end procedures are independent from the other modules and are always performed at the end of the calendar year. Some modules such as Inventory and Fixed Assets should be closed at the end of the fiscal year BEFORE posting transactions in the next fiscal year. When these modules are closed, the dates the transactions were completed are not used in determining if they are part of the close, rather the closing processing will include anything that is posted since the last close was completed. With regards to the Receivables and [...]