Dynamics GP 2010 Implications of a 12/30 Close versus 12/31

(0) Share

Report

Posted on by Community Member

Have a Customer that elected to Close on 12/30/2015 rather than 12/31/2015. I am now second guessing this decision. I'm thinking that nay post-YE adjustments would need to be dated 12/30/2015 and that "anything" dated 12/31/2015 might flow into the next FY - even though those Periods are set for 1/1/2016 through 12/31/2016. Did we just make 12/31/2015 a "dead date" in this calendar year? Will all adjusting entries need to be dated 12/31/2015 as thought?

*This post is locked for comments

I have the same question (0)