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Hello Dynamics Fanatics,
In this article, I would like to provide tips that will ensure that your Receivables Management Year End Close process goes smoothly.
Does the 2020 Year-End Update include any changes for the Receivables Management Year-End Closing process?
No, there are no changes included the 2020 Year-End Update that will affect the Receivables Management year-end close process. Here is a link to blog BLOG!!!! that contains the Year End Update fixes included in the update When should the Year End Close for Receivables Management be done?
What does the year end close process do and/or affect?
What steps should I take to close the year?
Post all transactions for the current year and then proceed through the rest of the steps outlined in KB 857444: Year-end closing procedures for Receivables Management in Microsoft Dynamics GP”. Key points to remember:
Amounts Since Last Close are incorrect after the Year End Close:
Although Receivables Management is date sensitive, the following items are updated based on the ‘actual’ date the year is closed Receivables Management. These are known as Amounts Since Last Close views:
The items that are flagged with an asterisk are affected by the calendar year-end close. All the other items are affected by the fiscal year-end close.
*If the Year to Date or Last Year amounts are incorrect in the Amount Since Last Close View: you can use the link below to download the Receivable's Management Recalc Scripts as well as additional information on the Amounts Since Last Close.
Assistance for the Receivables Management Year End Close:
If you are creating a case with the Technical Support Team, please refer to the routing below to ensure you are routed to the correct Professional for assistance with the Receivables Management Year End Close: --Support Topic Selection: Financial - Receivables Management ---Sub-topic Selection: Year End Procedures Year-End Resources:
Year-End Close Resources:
Be sure to refer to the GP 2020 Year-End Blog Schedule to review current and upcoming blog posts and other helpful resource links related to Year-End Closing for Dynamics GP.
I hope this is helpful and that you have a successful Year-End!! If you have any feedback or suggestions, please let us know.
Have a wonderful Year-End!!!
Brandon Jarrett | Support Engineer | Microsoft Dynamics GP
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