Posted by Shannon Mullins
Year-End has been completed and all your hard work is over... and then your auditors come back with adjusting entries to an already closed year. This process will reverse the closing entries, including the account beginning balances that had already rolled over with the year-end close.
With the most recent versions of Microsoft Dynamics GP (2013 R2 and above), you have the ability to open previously closed years in Microsoft Dynamics GP. It is a fairly easy process and can be done by following the steps below.
| 1. Get all users out of GP 2. Make a backup of the company database 3. Print an trial balance reports for verification (if needed) 4. Reverse the historical year(s) - (Financial > Routines > Year-End Closing) |  Click to enlarge |
| 5. After you have reversed the year, make sure and reconcile any open years starting with the oldest open year - (Financial > Utilities > Reconcile). *Note: Running this utility does not produce a report. This step is very important to your inquiry windows being correct. If you have any additional questions feel free to contact us or register for our 2017 Microsoft Dynamics User Conference for more tips and tricks. |  Click to enlarge |
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