Top 5 Tips for the Year-End Closing Routines in Dynamics GP
It’s time for your annual Year End closing process. Here are five tips for a successful and smooth procedure:
Top 5 Tips for the Year-End Closing Routines in Dynamics GP
- Verify that the Version Information for your Server install and for each Client (Workstation) install of Dynamics GP are the same.
- Confirm that all the Accounts listed in your Chart of Accounts have the correct ‘Posting Type’ selected (i.e. Profit & Loss & Balance Sheet).
- Before performing the Dynamics GP Year-End Closing Procedures, read documentation for each Module you have implemented to determine the order in which to close them.
- Download Year-End Update File to install during process.
- Backup, Backup, Backup! Create at least two (2) backup files throughout the closing process for each Module: one for your System (Dynamics) and another for your Company databases.
Don’t forget you can brush up on best practices by reviewing our pre-recorded Year End Close presentations at http://www.lbmctech.com/year-end.html
By Adam Fahey, Consultant, LBMC Technologies
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