The document provides guidance on year-end close procedures for various Microsoft Dynamics GP modules including Inventory, Receivables, Payables, Fixed Assets, Analytical Accounting, and General Ledger. It outlines when the close should be done, what the process does, the steps to take, and important points to remember. Key knowledgebase articles are referenced for more details on each module's specific close process.
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgerseprentise
Of the new features in Oracle E-Business Suite R12, the most powerful are ledger sets and secondary ledgers. Taken together, these features have the capability of eliminating thousands of spreadsheets and wasted staff hours. This article explores briefly the functionality of ledger sets and secondary ledgers.
View the original Blog post: http://www.eprentise.com/blog/r12/unleashing-the-power-of-r12-the-mechanics-of-ledger-sets-and-secondary-ledgers/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
In this live webinar we will review all the steps to performing a Sage 300 (Accpac) Year-End Closing, followed by a Q&A Session at the end.
- Year-End Closing Preparation
- Timing
- Back Up Procedures
- Creating New Fiscal Year
- Year-End for A/R and A/P
- W-2 & 1099s
- Year-End Reports
Unleashing the Power of R12: The Mechanics of Ledger Sets and Secondary Ledgerseprentise
Of the new features in Oracle E-Business Suite R12, the most powerful are ledger sets and secondary ledgers. Taken together, these features have the capability of eliminating thousands of spreadsheets and wasted staff hours. This article explores briefly the functionality of ledger sets and secondary ledgers.
View the original Blog post: http://www.eprentise.com/blog/r12/unleashing-the-power-of-r12-the-mechanics-of-ledger-sets-and-secondary-ledgers/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
In this live webinar we will review all the steps to performing a Sage 300 (Accpac) Year-End Closing, followed by a Q&A Session at the end.
- Year-End Closing Preparation
- Timing
- Back Up Procedures
- Creating New Fiscal Year
- Year-End for A/R and A/P
- W-2 & 1099s
- Year-End Reports
Closing Sage 500 doesn’t have to be super stressful. Learn about the recent 1099 changes for 2020 and review year-end closing best practices from our experts.
Accounting System Compliance for Non-AccountantsRobert E Jones
Many government contracts and grants require an "adequate" or "approved" accounting system. In this session, you will understand what products and what action you need to take to have an "approved" compliant accounting system that meets government requirements. Review real-life scenarios, dispel myths in the industry, and learn how to handle and avoid common pit-falls and misconceptions.
A Good document helpful for people working on S4 HANA Finance. All slides shown in LAB Preview available in 1511 now.
If any one find sharing this document violating of copyright please let me know so I can remove.
The Budget module in MIP brings incredible functionality relating to comparing budget to both on an organization-wide basis, and on either a grant, a program, or a departmental basis – depending on the type of organization you work for.
Getting budgets into the system is the easy part. However, the planning for how you will do that, and what segments you need to enter budgets for is the bigger question, and the one that will give you the most return for your planning time invested.
In this live webinar we'll cover these areas in our Budget module:
-Is it most efficient to simply input the budget, or to use the Worksheet to build the budget?
-What are Budget Versions, and how best might I use them?
-What segments do I need to enter, whether I’m doing data entry, or using the budget worksheet?
-Do we have the same business rules for budget entry that we do for transaction entry?
-How do I configure my Budget Comparison Report to present the information in the most readable manner?
For more information, visit: http://www.netatwork.com/services_1/bizsol_1/non-profit-solutions/fund-accounting-100/
In Preparation for 2020 this slide deck has information on:
GL Fiscal Calendars
Inventory Calendars
Sage Fixed Assets
Closing 2019
Physical Inventory
Vendor 1099 Payments
General Health Checks
Disaster Recovery Plan
Pruning Data
Security Groups
This year-end webinar for Sage X3 processing covers:
Year-End Check List of tasks to perform before closing
Managerial Reports to run at YE & Tie to the GL
Closing Last Fiscal Period and Year
Run Financial Data Extraction or SEI Reports
Other Considerations
1099 Generation and Reporting
Updating Default Parameters
Receive a first-hand look at tips and tricks to help make your year-end a successful one from BKD Technologies. Learn year-end processing for general ledger, payables management, receivables management, fixed assets and much more.
Closing Sage 500 doesn’t have to be super stressful. Learn about the recent 1099 changes for 2020 and review year-end closing best practices from our experts.
Accounting System Compliance for Non-AccountantsRobert E Jones
Many government contracts and grants require an "adequate" or "approved" accounting system. In this session, you will understand what products and what action you need to take to have an "approved" compliant accounting system that meets government requirements. Review real-life scenarios, dispel myths in the industry, and learn how to handle and avoid common pit-falls and misconceptions.
A Good document helpful for people working on S4 HANA Finance. All slides shown in LAB Preview available in 1511 now.
If any one find sharing this document violating of copyright please let me know so I can remove.
The Budget module in MIP brings incredible functionality relating to comparing budget to both on an organization-wide basis, and on either a grant, a program, or a departmental basis – depending on the type of organization you work for.
Getting budgets into the system is the easy part. However, the planning for how you will do that, and what segments you need to enter budgets for is the bigger question, and the one that will give you the most return for your planning time invested.
In this live webinar we'll cover these areas in our Budget module:
-Is it most efficient to simply input the budget, or to use the Worksheet to build the budget?
-What are Budget Versions, and how best might I use them?
-What segments do I need to enter, whether I’m doing data entry, or using the budget worksheet?
-Do we have the same business rules for budget entry that we do for transaction entry?
-How do I configure my Budget Comparison Report to present the information in the most readable manner?
For more information, visit: http://www.netatwork.com/services_1/bizsol_1/non-profit-solutions/fund-accounting-100/
In Preparation for 2020 this slide deck has information on:
GL Fiscal Calendars
Inventory Calendars
Sage Fixed Assets
Closing 2019
Physical Inventory
Vendor 1099 Payments
General Health Checks
Disaster Recovery Plan
Pruning Data
Security Groups
This year-end webinar for Sage X3 processing covers:
Year-End Check List of tasks to perform before closing
Managerial Reports to run at YE & Tie to the GL
Closing Last Fiscal Period and Year
Run Financial Data Extraction or SEI Reports
Other Considerations
1099 Generation and Reporting
Updating Default Parameters
Receive a first-hand look at tips and tricks to help make your year-end a successful one from BKD Technologies. Learn year-end processing for general ledger, payables management, receivables management, fixed assets and much more.
Microsoft Dynamics NAV Year-End Processing ChecklistJohn Stucky
You are not required by the program to close periods, however, there are many month-end activities that can be performed if you wish to do so. The following is a list of those procedures, which may or may not be necessary for your company.
Learn more about how True Sky can save you time during your budgeting process.
Website - http://www.TGO.ca
Phone - 905.470.6830
Connect with us!
Facebook - https://www.facebook.com/tgoconsulting
Twitter - https://twitter.com/tgoconsulting
Google+ - https://plus.google.com/+tgoconsultin...
Microsoft Dynamics GP 2015 | 15 Reasons to Upgrade to Microsoft Dynamics GP 2015TGO Consulting
Find out why you should upgrade to Microsoft Dynamics GP 2015!
Learn more about Microsoft GP and Microsoft Dynamics GP 2015 with TGO Consulting - Experts in Business and Financial Solutions.
TGO Consulting has been helping companies since 1988, enabling them to move their businesses forward through the implementation of financial and business solutions.
Contact Information:
Website: www.TGO.ca
Email: info@TGO.ca
Office Phone: 905 470 6830
Learn more about Sage ERP X3 with TGO Consulting - Experts in Business and Financial Solutions.
Find out what Sage X3 can do to revive your business’s profitability.
- Save times by autotomizing small and redundant tasks.
- Accelerate document processing.
- Provides centralized and organized system.
- Delivers flexibility to meet unique business requirements.
- Improve supply chain management.
TGO Consulting has been helping companies since 1988, enabling them to move their businesses forward through the implementation of financial and business solutions.
Contact Information:
Website: www.TGO.ca
Email: info@TGO.ca
Office Phone: 905 470 6830
Learn more about Sage ERP X3 with TGO Consulting - Experts in Business and Financial Solutions.
Find out how Sage ERP X3 supports the best distribution practices for the distribution industry, specifically with retail, wholesale, transportation and logistics companies.:
- Trade internationally
- Manage outsourced and subcontracted relationships
- CRM and customer support
- Financial accounting management
- Sales management
- Personalized dashboards
- Multisite management
- Optimize supply chain
- In all distribution chains: Retail, wholesale, transportation and logistics
- CRM and customer support
- Financial accounting management
- Sales management
- Personalized dashboards
- Multisite management
- Easily accessible on the go experience
TGO Consulting has been helping companies since 1988, enabling them to move their businesses forward through the implementation of financial and business solutions.
Contact Information:
Website: www.TGO.ca
Email: info@TGO.ca
Office Phone: 905 470 6830
Learn how intuitive enterprise resource planning (ERP) can drive productivity, improve ROI and enhance collaboration.
www.TGO.ca
info@TGO.ca
905 470 6830
Learn how process automation can increases the efficiency, visibility, consistency, satisfaction and compliance of your business.
www.TGO.ca
info@TGO.ca
905 470 6830
What are the best reporting tools for Microsoft Dynamics GP? This presentation looks at the current tools available for Dynamics GP.
We are Microsoft Certified Gold Partners and specialize in Microsoft Dynamics GP.
www.TGO.ca
info@TGO.ca
905 470 6830
Grow your business forward with Sage ERP X3.
Increase productivity and revive profitable growth with a faster, simpler, and flexible enterprise resource planning (ERP) solution.
www.TGO.ca
info@TGO.ca
905 470 6830
ERP solutions only solve 20% of business processes. Integrating your ERP with Business Process Management software can significantly improve your process efficiency.
In this presentation we highlight these challenges and discuss how we have used BPM (PNMSoft's Sequence) software to streamline the process.
Following our presentation there was an open discussion with our clients on their business processes, their success with SharePoint verse other BPM solutions and the need for a team dedicated to continuous process improvement and monitoring.
There is a lot of talk in technology circles about 'the Cloud' these days. Wondering what it means for you and your business systems? While this new era of cloud computing can bring benefits to your organization these need to be weighed against the risks.
Learn from experts what is really happening today and what you should be considering for the future.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Communications Mining Series - Zero to Hero - Session 1DianaGray10
This session provides introduction to UiPath Communication Mining, importance and platform overview. You will acquire a good understand of the phases in Communication Mining as we go over the platform with you. Topics covered:
• Communication Mining Overview
• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
Removing Uninteresting Bytes in Software FuzzingAftab Hussain
Imagine a world where software fuzzing, the process of mutating bytes in test seeds to uncover hidden and erroneous program behaviors, becomes faster and more effective. A lot depends on the initial seeds, which can significantly dictate the trajectory of a fuzzing campaign, particularly in terms of how long it takes to uncover interesting behaviour in your code. We introduce DIAR, a technique designed to speedup fuzzing campaigns by pinpointing and eliminating those uninteresting bytes in the seeds. Picture this: instead of wasting valuable resources on meaningless mutations in large, bloated seeds, DIAR removes the unnecessary bytes, streamlining the entire process.
In this work, we equipped AFL, a popular fuzzer, with DIAR and examined two critical Linux libraries -- Libxml's xmllint, a tool for parsing xml documents, and Binutil's readelf, an essential debugging and security analysis command-line tool used to display detailed information about ELF (Executable and Linkable Format). Our preliminary results show that AFL+DIAR does not only discover new paths more quickly but also achieves higher coverage overall. This work thus showcases how starting with lean and optimized seeds can lead to faster, more comprehensive fuzzing campaigns -- and DIAR helps you find such seeds.
- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
3. Experts in Financial and Business Systems with
Over 26 Years Experience Providing Complex
Technology Solutions
Our Vision
Build Long Term Relationships by Providing Value and Earning Trust
Our Mission
Make a Difference, Do it Right, Do it Together
4. Support Life Cycle
Inventory Control
Receivables Management
Payables Management
Fixed Assets
Analytical Accounting
General Ledger
Payroll
5. Another year has passed
GP 2010 mainstream support ending 10/13/2015
No more tax table updates for payroll
GP 2010 extended support ends in 2020
GP 2013 supported until 2018
GP 2015 has been released (December 2014)
6. When should the close be done?
The Inventory module should be closed at the end
of your Fiscal year, before any new transactions
that would affect inventory quantities are posted
7. What does the year end close process do?
Transfers all summarized current-year Quantity,
Cost and Sales amounts to last-year for the Items
for which you have been keeping summarized Sales
History
Updates each Item’s Beginning Quantity from the
Quantity on Hand at each site
Zeros the Quantity Sold field in the Item Quantities
Maintenance (Cards - Inventory – Quantities/Sites)
for each Site
Gives you the option to: Remove Discontinued
Items, Remove Sold Receipts, Remove Sold Lot
Attributes, and Update Item’s Standard Cost
8. What steps should I take to close the year?
Enter and post all Purchase Order Processing,
Invoicing/Sales Order Processing, and Inventory
transactions for the current year
Follow the rest of the steps outlined in
KB 872713: “Inventory year-end closing procedures
in Inventory Control in Microsoft Dynamics GP”
9. What are some of the key points to
remember?
Make restorable backups when recommended in KB
872713
If you are using Sales Order Processing and/or
Purchase Order Processing, reconcile these modules
in addition to the Inventory module prior to closing
Reconcile Order: SOP, POP, and then Inventory
10. What are some of the related KnowledgeBase
articles that can be referenced?
KB 872713 : “Year-End Closing procedures in Inventory
Control in Microsoft Dynamics GP”
KB 864622: “Information about the order in which the
reconcile procedures should be run in Microsoft
Dynamics GP”
KB 855316: “Inventory Accidentally Closed Twice”
KB 872182: “Inventory year end close does not remove
discontinued items”
11. When should the close be done?
The Calendar Year end close should be done at the
end of the calendar year prior to posting any
transactions in the next calendar year
The Fiscal Year end close should be done at the end
of the fiscal year prior to posting any transactions
in the next fiscal year
12. What does the year end close process do and/or
affect?
The Calendar Year end close clears the Calendar Year-to-
Date Finance Charges and moves them to the Last Year
Calendar field in Customer Finance Charge Summary
(Cards – Sales – Summary – Finance Charges)
The Fiscal Year end close transfers all amounts other
than the Calendar YTD Finance Charge amount to the
Last Year column in Customer Summary using the
Amounts Since Last Closed View (Cards – Sales –
Summary)
13. What steps should I take to close the year?
Post all transactions for the current year
Follow the rest of the steps outlined in
KB 857444: “Year-end closing procedures for
Receivables Management in Microsoft Dynamics GP”
14. What are some of the key points to
remember?
Make restorable backups when recommended in
KB 857444
Receivables Management is not completely date
sensitive
As there are some date sensitive features the best
option to close the year on time
15. What are some of the related KnowledgeBase
articles that can be referenced?
KB 857444 : “Year-end closing procedures for
Receivables Management in Microsoft Dynamics GP”
KB 851140 : “Information about performing the year-end
closing procedure in Receivables Management in
Microsoft Dynamics GP after December 31”
KB 856865: “Removing outdated statement runs from the
Reprint Statements Window”
16. When should the Year End Close be done?
The Calendar Year End Close Routine should be run
at the end of the Calendar year prior to posting
transactions in the next Calendar year
The Fiscal Year End Close Routine should be run at
the end of the Fiscal year prior to posting
transactions in the next Fiscal year
17. What does the Year End Close Process do?
The Calendar Year End Close process transfers
the 1099 Amounts from the Year to Date column to
the Last Year column in the Amounts Since Last
Close view in the Vendor Yearly Summary window
The Fiscal Year End Close Process transfers all
other amounts from the Year to Date column to
the Last Year column in the Amounts Since Last
Close view
*If Amount Since Last Close View is incorrect contact support
for scripts to correct the amounts.
18. What steps should I take to close the year?
Post all transactions for the current year
Make sure transactions for the new year are saved,
not posted
Make a backup
Follow the steps in KB 875169: “Year-end closing
procedures for the Payables Management module in
Microsoft Dynamics GP”
19. What are some important points to remember?
Follow the steps as outlined in KB 875169
Payables Management is not fully date sensitive, so it is
still recommended that you process your year end
closing routines at the actual year end
1099 Information will not auto-populate if the
transactions were not processed as 1099 transactions at
the time of the posting
Use KB 918536 to correct this.
Use 1099 Details window to edit 1099 amounts individually
(Cards | Purchasing | 1099 Details)
20. When should the Fixed Assets Year End Close
be done?
After you close Payables Management
Before you close the General Ledger
You can close each book separately, but you
must close all books before you can do any
processing in Fixed Assets for the new year
21. What does the Year End Close process do?
In the Asset General Information Window (Cards | Fixed
Assets | General):
The YTD Maintenance amount is cleared from the Expand
last Maintenance Date Window
The Quantity is copied to the Begin Quantity field in the
Expand Quantity Window
In the Asset Book Window (Cards | Fixed Assets | Book):
The YTD Depreciation Amount is cleared
Cost Basis is copied to Begin Year Cost field
Life to Date Depreciation is copied to Begin Reserve field
Salvage Value is copied to Begin Salvage field
The Current Fiscal Year is increased for each closed book
22. What steps should I take to close the year?
You must depreciate all assets through the last day
of the current FA year before you close the year
Print all the reports that you will need for the year
you are closing
Make a backup
Follow the steps in KB 865653: “The year-end
closing procedures for the Fixed Asset Management
module in Microsoft Dynamics GP”
23. Analytical Accounting data closes with General
Ledger
Review the KB article if you encounter the
following Error Message “You must run the
consolidate transactions and transfer detail to
history utility for closed years to recreate the
Analytical Accounting Balances Brought
Forward.”
Follow the steps in KB 960356 : “The year-end
close procedures for Analytical Accounting”
24. When should the Year End Close be done?
The General Ledger Year End Close should be done
after you have completed the Year End close for all
other modules
Other modules should be closed in the following
order:
Inventory
Receivables
Payables
Fixed Assets
25. What does the Year End Close process do?
Closes all Profit and Loss accounts out to Retained
Earnings
All Balance Sheet accounts are updated with the
beginning balance in the new year which will be the
same as the ending balance from the year you are
closing
Retained earnings account(s) are updated with the
amount from all P&L accounts if you close to one
Retained Earnings account, or with the amount
from the P&L accounts in that division if you close
to divisional Retained Earnings
26. What does the Year End Close process do?
The Retained Earnings accounts are the only Balance Sheet
accounts that should have a different beginning balance than
the ending balance from the year that you are closing
The year end close routine moves all open year transactions
from the GL20000 table to the GL30000 table
Balance brought forward journal entries are created in the
GL20000
The Fiscal Period tables are updated to mark the year that you
are closing as historical
Inactive GL Accounts removed
Moves AA data to history and creates BBF entries on
dimensions
27. What steps should I take to close the year?
Follow the steps in KB 888003: “Year-end closing
procedures for General Ledger in Microsoft
Dynamics GP”
28. New Functionality in GP2013
Maintain inactive accounts checkbox on Year End
Close window
Progress bar with 7 steps on Year End Close window
Checkbox on Unit Account Maintenance card
29. What are some important points to remember?
Remember to make restorable backups as needed and
follow ALL the steps in KB 888003
Make sure that you have enough free space on the server
to allow for the GL20000 table to double in size
Perform the Year End Close at the server
Have all other users out of Dynamics GP when you
perform the year end close
The year end close routine does appear to hang at 50%,
but it is still processing, so let it run
30. Review account posting types!
Perform test run of the GL close on a test
company first
Allow the year end close process to run
Click the Close Year button only once
You cannot reopen a year once it has been
closed, Microsoft does not support this
YEC report cannot be reprinted
31. What are some of the related KnowledgeBase
articles that can be referenced?
KB 871679: “How to set up an adjusting period”
KB 850615: “How to use divisional retained earnings accounts”
KB 864913: “Changing the posting type on an account after
you close the year”
KB 850741: “ Retained Earnings account not found”
KB 857582: “Query to clear beginning balances for unit
accounts”
KB 856550: “General Ledger year end close still in process and
batches cannot be posted”
KB 2452542: “Inactive GL Accounts deleted during Year-End
Close process for General Ledger”
32. Supported versions
Dynamics GP 2010
Dynamics GP 2013
Release Dates
2014 Year End Update – available now
2015 Tax Update (Round 1) – target December 19th
2015 Tax Update (Round 2) – mid January 2015
33. GP 2013 update includes GP 2013 R2 and
Affordable Care Act
LAST year of updates for GP 2010
34. What are the changes in the Round 1 Tax
Update?
No W-2 Form changes
EFW2 changes (Electronic Filing)
Product Quality Fixes around Payroll Year-End
W-3 Form changes
1099 Interest - form and application changes
1099-R distribution code changes
Fixed Asset Luxury Auto Depreciation changes
Affordable Care Act Changes
35. IRS Forms and Publications
http://www.irs.gov/formspubs/index.html
Accuwage for Electronic File Verification
http://www.ssa.gov/employer/accuwage/ind
ex.html
36. What are we getting and when?
Release targeted for mid-December
T4127 changes (still under review)
Government issued payroll deduction formulas for
computer programs
Quality Issues for ROE
Payroll Year End Closing Checklist KB 861806
37. What steps should I take to close the year?
Complete all pay runs for 2014
Take a backup
Install the 2014 Canadian Year-End Update
Complete the “Year End File Reset” process
Take a backup
Verify that pay periods are set correctly in 2015
Create and print the T4, T4A, and RL-1 reports
39. Dynamics GP Support and Services Blog
https://community.dynamics.com/product/gp/gptech
nical/b/dynamicsgp/default.aspx
Year-end Close Blog post Schedule
https://community.dynamics.com/gp/b/dynamicsgp/
archive/2014/11/04/draft-microsoft-dynamics-gp-
year-end-blog-series-for-2014.aspx
CustomerSource Downloads (GP2010)
https://mbs.microsoft.com/customersource/downloa
ds/taxupdates/cagptuye2013
CustomerSource Downloads (GP2013)
https://mbs.microsoft.com/customersource/downloa
ds/taxupdates/cagptuye2013
42. Mark your Calendars
1/15/15
15 Exciting New
Things About GP
2015
TGO Consulting
905-470-6830
1 866 239 1113
info@TGO.ca
www.TGO.ca
Editor's Notes
The order that the modules should be closed are the order that the modules are listed here in the agenda (and also listed at the top of the GL year-end KB #888003). Note that Payroll year-end procedures are independent from the other modules and is always performed at the end of the calendar year.
Oct 13, 2015
You will notice that we have two KB's around closing Receivables Management(KB857444) and Payables Management (KB875169) - both instructions say to 'Close the tax year by going to MDGP | Routines | Company | Tax Year-End Close. You will only have to do that once, typically after both RM/PM are closed out. The reason that we list it in both sections is because some users may not use both the RM and PM modules.
Amount Since Last Close View - (Cards | Purchasing | Summary | Yearly Button)
NOTE: Remember that the Year End Close only affects the Vendor Yearly Summary window for the Amount Since Last Closed View which will affect other areas like SmartList YTD, LYR, and LTD amounts and also some summary reports. It will not affect the printing of your 1099s. If these amounts are incorrect because the year end close was not done at the correct time and you would like to fix them support does have scripts that can be ran to correct the Vendor Yearly Summary window.
NOTE to KB 918536: There is a tool in Professional Services Tools library to calculate 1099 amounts for a year after setting them up as a 1099 vendor when they already have transactions posted during the year.
When the year-end close process is run for General Ledger in Microsoft Dynamics GP, it automatically moves the Analytical Accounting transactions from current to historical AA tables. (Note: There is no separate closing procedure that must be run in Analytical Accounting.) However, you may select which dimensions that you want to be consolidated during the year-end process and a Balance brought forward entry will be created for that dimension. See Step 2 in KB 960356 on how to set up AA to create BBF entries as part of the GL year-end close.
Do not install the round 1 tax update until all payruns for 2013 are complete!
Accuwage allows you to check w2s for accuracy before you submit them