Skip to main content

Notifications

Microsoft Dynamics GP (Archived)

Pre/Post petition closes in a period

(0) ShareShare
ReportReport
Posted on by 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?

*This post is locked for comments

  • Steve Baldasti Profile Picture
    Steve Baldasti 325 on at
    RE: Pre/Post petition closes in a period

    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.  

  • Verified answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,272 Super User 2025 Season 1 on at
    RE: Pre/Post petition closes in a period

    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?

  • GPLH Profile Picture
    GPLH 85 on at
    RE: Pre/Post petition closes in a period

    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.

  • Mike Smith Profile Picture
    Mike Smith 6,840 on at
    RE: Pre/Post petition closes in a period

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

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

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Vahid Ghafarpour – Community Spotlight

We are excited to recognize Vahid Ghafarpour as our February 2025 Community…

Congratulations to the January Top 10 leaders!

Check out the January community rock stars...

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,111 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 230,934 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans