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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / GP Created and Closed ...
Finance | Project Operations, Human Resources, ...
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GP Created and Closed to Wrong Period

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Posted on by JGarcia123 610

I have a site currently on GP2015.  Earlier in January they inadvertently created period 2121 and closed to it.  Is there a way to reset that to 2021?  Please advise, look forward to a reply.

JG

Categories:
Microsoft Dynamics GP
  • Hokuminaria Profile Picture
    Hokuminaria 2,950 on at
    RE: GP Created and Closed to Wrong Period

    Hey Beat,

    Thanks for catching that. I certainly copied the wrong link!

    Brandon Jarret | Microsoft Support Engineer.

  • Suggested answer
    Beat Bucher GP Geek GPUG All Star Profile Picture
    Beat Bucher GP Gee... 28,058 Moderator on at
    RE: GP Created and Closed to Wrong Period

    Hi Brandon,

    you likely pasted the wrong link :-) (which points to this same forum thread) ...

    Here is the one you probably wanted to share:

    community.dynamics.com/.../amounts-since-last-close-views-incorrect-in-payables-or-receivable-s-after-closing-the-year

  • Hokuminaria Profile Picture
    Hokuminaria 2,950 on at
    RE: GP Created and Closed to Wrong Period

    Hello JG,

    With PM and RM, we dont have a way to re-open it. However, we do have scripts to address your Amounts Since Last close you could. Please take a read through the blog i wrote below.

    --Correction for correct link

    https://community.dynamics.com/gp/b/dynamicsgp/posts/amounts-since-last-close-views-incorrect-in-payables-or-receivable-s-after-closing-the-year

    I hope this helps!

    Brandon Jarrett | Microsoft Support Engineer.

  • JGarcia123 Profile Picture
    JGarcia123 610 on at
    RE: GP Created and Closed to Wrong Period

    Thank you Brandon,

    I seems like that is going to work.  I do have a follow up question.  It appears the customer also closed AP and AR to 2021.  Is there a way to reverse the effect of the AP and AR close?

  • Suggested answer
    Hokuminaria Profile Picture
    Hokuminaria 2,950 on at
    RE: GP Created and Closed to Wrong Period

    Hello LongTimeGPandSLA,

    With this issue, we need to know if one of the previous years was overwritten with the 2121 year or if they truly just created the year wrong.

    I am going to address this as if the 2121 did not overwrite any existing years. If Existing years did get overwritten, let me know and i will address the steps.

    To correct this, please test the following:

    KB 871973 How to set up a test company that has a copy of live company data by using SQL Server 7.0, SQL Server 2000, or SQL Server 2005

    support.microsoft.com/.../set-up-a-test-company-that-has-a-copy-of-live-company-data-for-microsoft-dynamics-gp-by-using-microsoft-sql-server

    1. First, correct the Fiscal Period to have the correct date and year.
      1. Dynamics GP | Tools | Setup | Company | Fiscal Period.
      2. Select the bad year in the drop down.
      3. Enter the correct year.
      4. Change the any start and end dates as needed.
      5. Click Calculate.
      6. A pop up will tell you you will need to reconcile. Click Ok.
      7. Close the window once done.
    2. Use the Fiscal Period Modifier to adjust the Year Flag in the GL20000. (Assuming this did not overwrite an existing year.)
      1. Open Profession Service Tools Library.
      2. In the PSTL window, mark the radial button for Fiscal Period Modifier and click next.
      3. In the Fiscal Period Modifier window, click Process for step 3.
        1. Ignore all other fields, buttons in this window.
      4. Let the process complete.
    3. Reconcile all open years.
      1. Financial | Utilities | Reconcile.
      2. Mark the Open Year Radial button.
      3. Select the oldest open year.
      4. Click Reconcile.
      5. Repeat for all open years.
    4. Review the end results to verify they are as you expect.

    I hope this helps!

    Brandon Jarrett | Microsoft Support Engineer.

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