Year-End Closing Procedures for Dynamics GP

When it comes to Year-End Close the first thing many Dynamics GP users do is a search in Knowledge Base on CustomerSource for “Year End Close”.  They get 100’s of results like, “Error message when you try to post a transaction in General Ledger in Microsoft Dynamics GP after the year is closed: "Year-End Close is still in process and batches cannot be posted"”.  Good to know but not exactly what they were looking for.  That’s because Knowledge Base is focused on closing errors and issues, not the proper Year-End Closing processes and procedures.

Next, users open each functional area manual, great Holiday reading, and they find specific closing procedures but scattered throughout and not in order.  What do you close first and what does the close actually do to the data?

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Properly closing a year in Dynamics GP is necessary to maintain not only accurate financials but a number of important business metrics. The procedures provided by Microsoft effect the proper closing for the software but do not always provide a solid financial accounting close.

This manual provides complete closing procedures for Dynamics GP modules GL, AR, AP, SOP, POP, IV, and PR.  It also includes complete explanations of the processes being performed, the proper sequence in which to perform the closings, and when each module should be closed.

Year-End Closing Procedures for Dynamics GP 8, 9 and 10!