Microsoft Dynamics GP: Unlimited Support & Year-End Close Assistance

Happy New Year 2020 - New Year Shining background with gold clock and glitter | Microsoft Dynamics GP

We’re counting down the days until the New Year. As of this writing, the countdown is at 29. You’re probably counting down, too, because the approaching New Year means that you will soon be processing your year-end close on Microsoft Dynamics GP. We’ll get back to that in a moment. But first,

A friendly reminder

This is a great time to reach out to your customers with holiday wishes – a card, e-card, or even a gift to thank them for their business. In years gone by, our reception area was covered with holiday cards. Not so much anymore. It seems to be a tradition that has gone by the wayside. The bright side is that your card or gift will get more attention. So, go old school!

Unlimited GP Support

Bond Consulting Services (BCS) offers an unlimited support package that allows you to call, email, or chat with our support team as many times as you want for one low monthly fee based on your number of licensed GP users. We mention this now because if you typically require extra support around year-end procedures and you’re on Bond’s unlimited support plan, you would be covered for that additional support at no extra charge.

Dynamics GP Year-End Close Assistance

Whether you’re on our support plan or not, we’re here to help you achieve a flawless year-end close. You can also find excellent information to ensure a smooth close on the Microsoft support site. Here’s a direct link:

What Microsoft provides is an in-depth Q&A based on decades of frequently asked questions. Here’s a tiny sample of what you’ll find on that site.

Q: Why did the year-end closing process delete some GL accounts that may be tied to budgets?
A: In Microsoft Dynamics GP 2010 and Microsoft Dynamics GP 10.0, the year-end closing process will automatically delete GL accounts that are marked as inactive and have no activity in the current year. In Microsoft Dynamics GP 2013 and Microsoft Dynamics GP 2015, there is new functionality in the Year-End Closing window to Maintain Inactive Accounts. This allows you to have inactive accounts without a balance automatically deleted, or to maintain all inactive accounts, or just those used in Budgets.

Q: How does Microsoft Dynamics GP determine the financial statement that is printed for the account that I am adding?
A: The category determines the type of financial statement that is printed when you use quick financial statements for the account that you are adding. The category is either the Balance Sheet category or the “Profit and Loss” category. You must format the reports to print the accounts that you want in Advanced Financial Analysis and Microsoft FRx. The posting type is used during the year-end closing routine to determine the accounts that close to the retained earnings account and to determine the account that carries a balance forward. The posting type does not affect the financial statements.

Take the next step

We’ve been closing our books on Microsoft Dynamics GP for decades. So, if you have year-end close questions, contact us for assistance. Visit us at or pick up the phone and call 562-988-3451.

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