Microsoft Dynamics GP 2014 Year End: Part 5 – Analytical Accounting Year-End Close

Posted on: December 9, 2014

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Topics: Financial, Microsoft Dynamics GP

Financial Microsoft Dynamics GP

TGO Consulting will be creating a series of blog posts related to 2014 Year-End Closing. We hope you find the information and tips in this series useful and it helps your Year-End process run effortlessly!

Below is the list of the entire series of Microsoft Dynamics GP 2014 Year-End Closing Blog Posts:

Part 1 – Inventory Control
Part 2 – Receivables Management
Part 3 – Payables Management
Part 4 – Fixed Assets
Part 5 – Analytical Accounting
Part 6 – General Ledger

The order of these modules listed in the schedule above is the same order that the modules should be closed – and listed at the top of the GL year-end KnowledgeBase #888003. Please note that year-end procedures for Payroll are independent from other modules and are always performed at the end of each calendar year.

Fixed Assets Year-End Closing:

Analytical Accounting Year-End Closing:

– There is no separate Analytical Accounting YE close process to run, Analytical Accounting data will close with the General Ledger Year-End close process

– Follow the steps in KB 960356: “The year-end close procedures for Analytical Accounting”

– With Dynamics GP 2010 and Dynamics GP 10.0 SP2 or later there is an Analytical Accounting year end close option

  • This option enables balance brought forward entries on dimensions
  • Analytical Accounting data closes with General Ledger regardless of whether this option is marked

ADDITIONAL RESOURCES

Knowledge Base:  https://mbs.microsoft.com/knowledgebase/search.aspx

Microsoft Dynamics Support:  https://mbs.microsoft.com/support/newstart.aspx

Microsoft Dynamics Community:  https://community.dynamics.com/product/GP/default.aspx

Part 6 of the 2014 Year End Closing for Microsoft Dynamics GP can be found here:

ye-6 copy