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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Pre/Post petition clos...
Microsoft Dynamics GP (Archived)

Pre/Post petition closes in a period

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Posted on by GPLH 85

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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  • Mike Smith Profile Picture
    Mike Smith 6,840 on at

    What is your period end closing process and the area of concern?

    Will you need to restructure your Fiscal Year periods due to this?

  • GPLH Profile Picture
    GPLH 85 on at

    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.

  • Verified answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,631 Moderator on at

    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?

  • Steve Baldasti Profile Picture
    Steve Baldasti 325 on at

    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.  

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