Enhanced GL Year-End Closing
Year-End Close on the General Ledger is the only routine that must be performed at a year-end. This process performs several actions, such as resetting the Year To Date figures, rolling the balances of Balance Sheet accounts forward to the new year, as well as closing off the Profit and Loss accounts to Retained Earnings Account.
Dynamics GP 2013 has seen an enhancement to the Year-End Close window that allows inactive accounts to be maintained on the system rather than automatically deleted.
The final, and much appreciated, addition of a progress bar showing how far the year-end close has progressed serves to reassure the user that the process has not hung or crashed, which has been a regular concern due to the critical nature of the process.
How to do it...
To use the enhanced Year-End Close routine, follow these steps:
Open Financial from the Navigation pane on the left. In the center area page under Routines, select Year-End Closing.
To keep inactive accounts on...
