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Microsoft Dynamics GP (Archived)

Incorrect P&L Statement

Posted on by Microsoft Employee

To give a little more context, a client was running the P&L report for the month of December ending 12/27/2015.

12/27/2015 is the last day of their fiscal year which is the last day they run payroll. Similarly, it ended 12/28/2014 the year before. Whenever they were running the report for 2015, the Current Period column came back with $0.00. After investigating, she noticed that in the year 2014, all journal entries were posted before 12/28/2014. 

This year she had posted some journal entries to 12/27/2015. Are those journal entries not being picked up by the report? Can and should we change the journal entries to be on 12/26/2015 (not sure what we would have to do if we needed to change the date)? 

Their fiscal periods are set up as follows:

Period 1 - 12/29/2014

Period 2 - 2/1/2015

Period 3 - 3/1/2015

Period 4 - 4/1/2015

Period 5 - 5/1/2015

Period 6 - 6/1/2015

Period 7 - 7/1/2015

Period 8 - 8/1/2015

Period 9 - 9/1/2015

Period 10 -102/1/2015

Period 11 - 11/1/2015

Period 12 - 12/1/2015

Period 13 - 12/27/2015

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  • Verified answer
    Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Incorrect P&L Statement

    Okay, so I figured it out. It was actually very simple. I thought I would put the answer out here in case someone had the same problem in the future

    I had to use the Advanced Financial window under reports. I opened the report and double clicked the column header that wasn't pulling through the right numbers. It was set to Current Period - Current Period. Since we were running the report for 12/27/2015, it was only picking up the transactions for that day. I changed it to Period 12 - Current Period and it worked perfectly.

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