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Microsoft Dynamics GP Year-End Closing Procedures: Solutions to Common Issues
It’s year-end season and there is no better time to discuss Dynamics GP year-end issues, and provide solutions to the most common Microsoft Dynamics GP year-end closing problems. In this blog I’m covering common errors experienced when attempting to close the G/L year in Microsoft Dynamics GP. In addition, I will supply a few helpful links to sites that I, myself, will reference from time to time. Before we cover common errors, I’ll briefly discuss the nuts and bolts of the closing process. Once you hit the ‘close year’ button on the year-end closing window, two major processes occur: The year is marked as historical and all entries marked with the year in question will be moved from the YTD OPEN table (GL20000) to the Historical table (GL30000). A year-end closing journal entry is created closing all Profit and Loss type accounts to designated Retained Earnings account(s). In addition, all […]
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