Dynamics GP Year End – Arctic IT

Year End Support for Microsoft Dynamics GP

At Arctic IT, we understand that closing the year in Dynamics GP can be a daunting task. From Payroll to the General Ledger, we are here to simplify your Year End processing.

GP Year End Basics

There are many activities involved in the Dynamics GP Year End. Watch the video below to learn about the following (2020 video coming soon):

Year End overview
What versions are supported?
Do you need the Year End Service Pack?
Where can I go for assistance?

Video Demonstrations

Watch step-by-step demonstrations on how to close your Dynamics GP subledgers.

Useful Resources

Inventory

KB 872713 »
Inventory year-end closing procedures in Inventory Control in Microsoft Dynamics GP

KB 855316 »
Inventory accidentally closed twice

KB 872172 »
The inventory year-end close routine does not remove discontinued items in Microsoft Dynamics GP

Microsoft Inventory Blog »
Dynamics GP Year-End Update 2019

Receivables

KB 857444 »
Year-end closing procedures for Receivables Management in Microsoft Dynamics GP

KB 851140 »
Information about performing the year-end closing procedure in Receivables Management in Microsoft Dynamics GP after December 31

Microsoft Receivables Blog »
Dynamics GP Year-End Update 2019

Payables

KB 875169 »
Year-end closing procedures for the Payables Management module in Microsoft Dynamics GP

KB 918536 »
How to change the 1099 amount for a vendor who was not marked as a 1099 vendor in the year that the transactions were posted in Payables Management in Microsoft Dynamics GP

Microsoft YouTube Video »
to correct 1099 transaction amounts for GP2013 or higher (skip to 9:52/17:03)

Microsoft Payables Blog »
Dynamics GP Year-End Update 2019

Fixed Assets

KB 865653 »
Year-End Closing procedures for the Fixed Asset Management Module in Microsoft Dynamics GP

Microsoft Fixed Assets Blog »
Dynamics GP Year-End Update 2019

General Ledger

KB 888003 »
Year-end closing procedures for General Ledger in Microsoft Dynamics GP

KB 871679 »
How to set up an adjusting period

KB 850615 »
How to use divisional retained earnings accounts

KB 864913 »
Changing the posting type on an account after you close the year

KB 850741 »
“Retained Earnings account not found” error

KB 857582 »
Query to clear beginning balances for unit accounts

KB 856550 »
General Ledger year end close still in process and batches cannot be posted

Microsoft General Ledger Blog »
Dynamics GP Year-End Update 2019

Payroll

941 to W-3 Reconciliation »

Box/Label Descriptions »
Microsoft Dynamics GP W-2

AccuWage »
(Requires BSO login)

KB 850663 »
Year-end closing procedures for Microsoft Dynamics GP Payroll

Microsoft Payroll Blog »
Dynamics GP Year-End Update 2019

Tax Forms and Envelopes »

Product 82635: W-2 4-up Condensed Laser Employee; Note: Some states require more than 4-parts
Product 82645: 1099-R 4-part Laser Set (if printing 1099-R’s)