Is it possible to do two month end closes during one period? We have setup 12 periods for the year and now we need to do two closes during a month due to a bankruptcy filing. Is this possible in GP?
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Frank I'm wondering if they reset the Fiscal Periods to 13. Change the Period 13 start date to Dec 16.
They may have to Calculate, but the then change the start dates back to the original dates to keep CM, AP & AR in balance with GL. Then just click OK - don't Calc the calendar. GP will give a warning but just say OK.
Since there isn't a 'hard' close in GP at period end, it sounds like you may just need to modify your financial statements to pull transactions as of 12/15/13 and then as of 1/4/14. What do you use to generate financials? MR, FRx, or Advanced Financial Analysis?
We only have GL & AP integrated in Dynamics. So right now we are in period 11 (Dec1 - Jan4) because of the bankruptcy we have to do two closes for period 11. One as of Dec15th and then the regular close at Jan4th. I'm sure we probably need to add another period.
No our fiscal year remains the same. it's just we need Financial statements as of 15th Dec and then Jan4th. Any input will be appreciated.
What is your period end closing process and the area of concern?
Will you need to restructure your Fiscal Year periods due to this?
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