Year-End Closing Procedures for Modules in Dynamics GP

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1 Year-End Closing Procedures for Modules in Dynamics GP Page: 1

2 Welcome! Important Web Seminar Notes Page: 2

3 To Receive CPE Credit Page: 3

4 To Receive Group CPE Credit Page: 4

5 Course Materials Page: 5

6 McGladrey Resources Page: 6

7 [ Poll 1 ] Page: 7

8 Presenters Page: 8

9 Objectives Page: 9

10 Agenda Page: 10

11 Close the Following Modules Out in this Order Page: 11

12 Note Page: 12

13 Before You Begin Closing Out Any Modules Page: 13

14 [ Poll 2 ] Page: 14

15 Presentation Approach for Each Module Page: 15

16 Inventory Page: 16

17 Things to Consider for Inventory Before Closing Page: 17

18 Inventory Summary Page: 18

19 Perform Period-End Procedures Page: 19

20 Reconcile Inventory Quantities Page: 20

21 Perform Physical Count Page: 21

22 Print Reports Page: 22

23 Year-End Close Procedures Page: 23

24 Close the Year Page: 24

25 Close the Fiscal Period Page: 25

26 Receivables Management Page: 26

27 Receivables Management Page: 27

28 Calendar Year Page: 28

29 Receivables Management Summary Page: 29

30 Perform Period-End Procedures Page: 30

31 Year-End Close Procedures Page: 31

32 Close the Year Page: 32

33 Close the Fiscal Period Page: 33

34 Payables Management Page: 34

35 Calendar Year Page: 35

36 Calendar Year Page: 36

37 Fiscal Year Page: 37

38 Payables Management Summary Page: 38

39 Perform Period-End Procedures Page: 39

40 Print 1099 s Page: 40

41 Verify 1099 Vendor Information Page: 41

42 Edit 1099 Amounts Page: 42

43 Edit 1099 Amounts (Version 10 and 2010) Page: 43

44 Year-End Close Procedures Page: 44

45 Close the Year Page: 45

46 Close the Fiscal Period Page: 46

47 Optional: Close the Tax Year After Payables and Receivables Page: 47

48 Fixed Assets Page: 48

49 Fixed Assets Page: 49

50 Changes in the Asset General Info Window: Page: 50

51 Changes in the Asset General Info Window: Page: 51

52 Changes in the Asset Book Window: Page: 52

53 Changes in the Asset Book Window: Page: 53

54 Fixed Assets Summary Page: 54

55 Complete Payables Year-End Page: 55

56 Enter All Activity Page: 56

57 Run Depreciation & Process Page: 57

58 Print Key Reports Page: 58

59 Fixed Asset Calendar Page: 59

60 Verify Quarters Page: 60

61 Year-End Close Procedures Page: 61

62 Close the Year Page: 62

63 [ Poll 3 ] Page: 63

64 General Ledger Page: 64

65 General Ledger Page: 65

66 General Ledger Summary Page: 66

67 Close All Other Modules Page: 67

68 Post Final Adjusting Entries Page: 68

69 Verifying Sufficient Disk Space Page: 69

70 Verify Maintaining History Page: 70

71 Verify Account Posting Types Page: 71

72 Year-End Close Procedures Page: 72

73 Set up New Fiscal Year Page: 73

74 Retained Earnings Account & Posting to History Page: 74

75 Divisional Retained Earnings Page: 75

76 Close the Year Page: 76

77 Close All Fiscal Periods Page: 77

78 [ Poll 4 ] Page: 78

79 Promotions Page: 79

80 Upcoming Events Page: 80

81 Q & A Page: 81

82 McGladrey Resources Page: 82

83 Thank you for attending! Page: 83

84 Slide 84 Page: 84

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