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is there any problem if i start recording in year 2014 before i make year end closing for year 2013 so i will not make end closing until the auditers finish the auditing.
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Me, too. thanks
thanks Richard , i want to clarify what do you mean "when the auditors provide their entries, those can be added" do yoy mean added in fy 14?also where can i get a copy of your book "Closing MS Dynamics GP"
thank you
A little known fact is that the year can be closed and adjusting entries made into the immediate prior year easily. This would allow financial reports for January, February, etc to be printed with correct balances short of the auditor's entries. Then when the auditors provide their entries, those can be added.
Note that if you close 2013, making adjusting entries to 2012 is more difficult.
You need a copy of our book Closing MS Dynamics GP that explains how to do this.
www.AccoladePublications.com
That's great to know Asmaa.
Thanks,
Babu
hi Babu
thank you so much Realy that is help me .
thanks
Asmaa
Hi Asmaa,
GP doesn't allow to have 2 sequence but what you can do is i.e. journal nos. from 1 to 10,000 for FY13 (even though you might not use all of it) and for FY 14 give the no. 10,001 as a start no for the auto generated. So all your transactions on FY14 will be on this sequence and when you post entries in FY13 if it is few entries change the journal no. manually by typing it from the range. If you wanted to post lot of transactions on FY13 I would change back nos. to the previous sequence and post all entries and change it back to the sequence of FY14. The problem will be if the users post FY13 and FY14 simultaneously this wont work.
thanks
i realy want to start new numbering from fy 14 but i think when i do entries in fy 13 it will take the sequence number of fy 2014 and i don't want that how can i use 2 different sequence?
thank you
Hi Asmaa are you referring the the financial journal entry nos. if so you may start new numbering from fy14 and leave the fy13 nos sequence different. and when you post the fy13 entries use that sequence, hope this clarifies. if you don't do any changes the sequence it will follow auto generated nos. and you will have new nos. for fy14 and when you post fy13 then it will follow the same sequence.
thanks,
babu
thanks Babu but i read on Microsoft Support on the steps of year end closing that is recommended to close the year befor posting transactions in the future period !
so if i start in 2014 and get any trx regarding to 2013 what about the Gl number ?? sorry i fell confused
thanks
Asmaa
Yes Asmaa you can do that and starting 2014 doesn't affect year 2013 and closing can be done later.
Thanks,
Babu
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