tracking code
LBMC Technology Solutions
  • Home
  • Solutions
    • Dynamics 365
    • Dynamics NAV
    • Dynamics GP
    • Dynamics CRM
    • Sage Intacct
    • Document Management (ECM)
    • Network Engineering and IT Solutions >
      • IT Security
      • Managed IT
      • Business Phone Systems
  • Events
    • All Upcoming Events
    • Training / CPE
    • Webinars and Workshops
  • Resources
    • Blog
    • Forum
    • On-Demand Webinars
    • Referral Program
    • Services We Offer
    • Support
  • About Us
    • Careers
    • Partner with Us
    • Community
    • Contact Us

Reversing a Closed Year in Microsoft Dynamics GP

12/7/2016

0 Comments

 
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)

Picture
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.
Picture
Click to enlarge

Register for Vision button
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.


    Blog

    ​Your one stop shop for technology.

    Categories

    All
    Business Central
    Dynamics 365
    Dynamics CRM
    Dynamics GP
    Dynamics NAV
    Events
    Microsoft Dynamics Add-ons
    Software Decisions
    Tutorial

Solutions
Microsoft Dynamics 365
    Business Central
    Customer Engagement
Microsoft Dynamics NAV
Microsoft Dynamics GP
​Microsoft Dynamics CRM
​Sage Intacct
​
Network Engineering

​ERP Comparison Guide
Learning Opportunities
All Upcoming Events
User Conferences
Training / CPE
Vision
Webinars & Workshops
​

Resources
Blog
Forum
Referral Program
​​YouTube Channel

Company
About Us
Careers
Contact Us
​
Locations
Charlotte
Knoxville
Nashville
Picture
Picture
Proudly powered by Weebly

Sitemap | Home | Careers | Contact Us

share

Copyright © 2019

LBMC Technology Solutions