Dynamics GP Year End Closing Procedures

Resources:
 http://www.compresourcesinc.com/support/Year-end/system.htm
http://support.microsoft.com/kb/888003

FAQs:
http://dynamicsgpland.blogspot.com/2009/12/dont-you-go-closing-my-year.html

Close modules in this order:

1. Inventory
2. Receivables
3. Payables
4. Fixed Assets
5. General Ledger

The short version of this process is

• Test the year-end closing in the test company first
• Tools>Routines>Financial>Year-End Closing>Click Close Year
• Print Financial Reports
• Once you’re happy with the reports, close the year in the live company