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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Year-end closing date
Microsoft Dynamics GP (Archived)

Year-end closing date

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Posted on by Hayaty 730

Hello all, 

 I started doing the year end close, I did inventory, A/R and A/P but then I realized something strange.  It looks like the closing date is 4/12/10 (today’s date).  I thought that since we set up the fiscal periods in GP it would automatically use 12/31/09 (when I did the year end process there is no option to enter a date).  Is there anyway to check if the closing date is wrong? Thank you for your advice!

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  • Hossam Fathy Profile Picture
    Hossam Fathy 2,611 on at

     if you want to see the closing date 31/12/2009 you must change GP date to 31/12/2009 but even you change it the last year information will show all transaction up to date.

  • Hayaty Profile Picture
    Hayaty 730 on at

    Hello Fossam,

    Thank you for your advice. I already did Year-end closing for Inventory, A/R and A/P. Is there any way to undo undo the close? Please advise.

  • Hossam Fathy Profile Picture
    Hossam Fathy 2,611 on at

    Restore database before Year-end closing.

  • L Vail Profile Picture
    L Vail 65,271 on at

    I would not worry about the year-end closing date for your subsidiary modules. The closing date reflects the date you actually pushed the 'close' button. The only thing that is impacted is the data in some summary tables. For inventory it affects certain amounts that are accumulated during the year such as total number of items sold. This does NOT impact your financial statements or other reports.

    On many of the inquiry windows you can choose to calculate the fiscal period amounts vs the 'amounts since last close'.

    GL is different from the subsidiary modules. Too much to go into here, but I wouldn't fret.

    Kind regards,

    Leslie

  • Hayaty Profile Picture
    Hayaty 730 on at

    Hello Leslie, Hossam,

     

    Thank you for your advice. I run the year-end close routine for A/R, A/P and Inventory as of today and as of 12/31/2009. The both results were the same.

     

    As Leslie mentioned, I think we don't worry about the date. But if you don't change the user date, we will be confused the next year, because the Receivable Year-End Closing windows shows the date which you run the Year-End process. To avoid the confusion, I think we'd better to change the user date when you run the Year-End process.

     

    Anyway, I appreciated your advice!

     

    Hayato

     

  • L Vail Profile Picture
    L Vail 65,271 on at

    We are delighted to help. I hope you continue to participate in this community!

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