Microsoft Dynamics GP Year-End 2025: Receivables Management

Prepare to simplify your Dynamics GP Receivables Management Year-End Close! 🎉 In this article, we’ll share expert tips to help you complete your year-end process smoothly and without stress. These practical insights are key to maintaining accuracy and efficiency, so you can finish the year confidently and with ease. Let’s jump in and make this your most successful year-end close yet!

Does the 2025 Year-End Update include any changes for the Receivables Management Year-End Closing process?

No, there are no changes included the 2025 Year-End Update that will affect the Receivables Management year-end close process. 

When should the Year End Close for Receivables Management be done?

• If you are using a Calendar year, the year-end process should be done at the end of your calendar year, prior to posting any transactions in the next calendar year.
• For those using a Fiscal year, the year-end process should be done at the end of your fiscal year, prior to posting any transactions fin the next fiscal year.

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 the Customer Finance Charge Summary window found under (Cards >> Sales >> Summary >> Finance Charges).
• The Fiscal Year end close transfers all amount other than the Calendar Year-to-Date Finance Charges to the Last Year column in the Customer Summary window (Cards >> Sales >> Summary).

What steps should I take to close the year?

Post all transactions for the current year and then proceed through the rest of the steps outlined in Year-end closing procedures for Receivables Management – Dynamics GP | Microsoft Docs

Key points to remember:

1. Make a restorable backup when it is recommended as you work through Year-end closing procedures for Receivables Management – Dynamics GP | Microsoft Docs.
2. Receivables Management is not completely date sensitive. This means that if you do not close the year after you enter all the current year transactions and before you enter transactions for the new year, some areas in GP will contain incorrect information.
3. Since there are some date sensitive features, it is recommended you close the year on time.
4. You will notice that we have two articles around closing Receivables Management Year-end closing procedures for Receivables Management – Dynamics GP | Microsoft Docs and Payables Management Year-end closing for Payables Management – Dynamics GP | Microsoft Docs– both instructions say to ‘Close the tax year by going to Microsoft Dynamics GP >> Routines >> Company >> Tax Year-End Close. You will only have to do that once, typically after both RM and PM are closed. The reason this step appears in both articles is due to the fact that not everyone used both the RM and PM modules.

I hope this is helpful and that you have a successful Year-End!! 

Note:
With the end-of-life announcement for Microsoft Dynamics GP, ongoing support will be provided to the best of our ability.  While we will continue to do everything possible to assist, the level of support we can offer may no longer match the standards you've come to expect, as resources and updates for Dynamics GP become increasingly limited. Please know that your needs are important to us, and we are here to help guide you through this period of change with care and attention.
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Be sure to refer to the 2025 Year-End Blog Schedule to review current and upcoming blog posts and other helpful resource links related to Year-End Closing for Dynamics GP.

Terry Heley

Microsoft