Period 13

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Posted on 31 Jan 2014 12:14:59 by Tonya Wagner

One post said close 2013 and then go back in and set up a period 13 in 2013, post adjusting entries and then close 2013 again. Another post said create the 13th period with start and end dates of the same as period 12. Has anyone done this?

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Goloknath on 10 Jul 2014 at 20:20:59

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RE: Period 13

Thanks Frank!
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Frank Hamelly | MVP... 46,441 Super User 2025 Season 1 on 31 Jan 2014 at 13:04:05

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RE: Period 13

First, you cannot close a fiscal year twice in Dynamics GP. Second, if you want to create a 13th period, the start and end dates should be the same - December 31, for instance.

So, you cannot setup a 13th period after closing the fiscal year. You would want to do that before closing. Period 12 would begin on 12/1 and period 13 would begin on 12/31. That would limit transaction dates for period 12 to 12/1 thru 12/30 and period 13 to 12/31 thru 12/31.

If you need to setup a period 13, you'll also need to reconcile Fiscal 2013 periods.

Hope this helps.
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Ian Grieve 22,784 on 31 Jan 2014 at 12:43:23

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RE: Period 13

GP SP3 onwards does not allow overlapping periods (the next upgrade you try to do will hang).

I have a number of clients with P13 and we now have to set them up as the final day of the fiscal year to avoid upgrade problems.

Management Reporter allows filtering based on the Source Document so the last couple of clients I have discussed this with I have suggested not having a P13, but instead creating a new Source Document (such as AJ) for Adjusting Journals and filtering them out in the MR report for P12.