Microsoft Dynamics GP Year End Training

Designed for Controllers, CFOs and Accounting Managers using Microsoft Dynamics GP, this half-day seminar provides detailed instruction on how to close subsidiary and general ledgers at the end of the fiscal or calendar year. Also, find out how to start-up the new fiscal year, continue to make adjustments to the previous fiscal year, and provide a secure accounting environment during the transition of fiscal periods.

This class will be helpful if you:

• Are processing on a Calendar Year
• Are processing on a Fiscal Year
• If you need to process 1099s
• Are processing Payroll

Course Goals

By actively participating in this class, you’ll learn:

• Fiscal Periods: Creating additional years, use of special accounting periods, posting options.
• Database Maintenance: Year-end procedures, maintenance plans, backup procedures, SQL specific information.
• Closing Payroll & Human Resources: Procedural steps, special considerations for continuous payroll processing, updating tax tables, government compliance reporting, W-2 editing and printing.
• Closing Fixed Assets: Procedural steps, Depreciation Reports.
• Closing Receivables Management: Procedural steps, reconciling with general ledger, rolling activity totals to history, use of utilities sorts.
• Closing Payables Management: Procedural steps, editing and issuing 1099s, rolling activity totals to history, reconciling with general ledger, removing history.
• Closing Inventory: Procedural steps, adjusting entries, reconciling with the general ledger.
• Closing the General Ledger: Procedural steps, historical year entries, when the year is closed.

Who Should Attend

Accounts Payable Managers, Accounts Receivable Managers, Accounting Managers, Payroll / Human Resource Managers.

Prerequisites

It is necessary that the student have a basic working knowledge of Microsoft Dynamics GP