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Microsoft Dynamics GP (Archived)

Changing and adding accounting periods

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Posted on by 60

Hi - our company was recently bought.  The date of the transaction is 10/15.  We would like to change our GP accounting periods from this:

Period     Date Range

10            10/1-10/31           

11            11/1-11/30

12            12/1-12/31

To this:

10            10/1-10/15

11            10/16-10/31

12            11/1-11/30

13            12/1-12/31

To capture the change.  Is there a way to do this in MS Dynamics GP?

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I have the same question (0)
  • Verified answer
    L Vail Profile Picture
    65,271 on at

    Hi,

    You bet! So long as none of the periods span open and closed years, all you need to do is open your fiscal periods setup window and change the dates. After that you need to run the reconcile utility and then you're good to go.

    The only pain will be that you can't name your fiscal years 2013-1 and 2013-2. It has to advance just as 2013, 2014, etc.

    Kind regards,

    Leslie

  • ScooterG Profile Picture
    60 on at

    Thanks!

  • Steve Baldasti Profile Picture
    325 on at

    My other question.  Are you a new company, your B/S accounts reset, your P & L accounts reset?  I had this happen to me once, we bought the company but no one thought to start a new company in GP.  We had a nightmare trying to get a tax return.

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