Reviews and corrects ledger-to-subledger alignment in D365 by fixing posting configurations, inventory profiles, reconciliation logic, GL mapping, and critical reporting procedures.
3 Tips for Year-End Close in Microsoft Dynamics GP
Posted on: November 13, 2025 | By: Page Wildridge | Microsoft Dynamics GP
Happy November! As we look forward to the end of 2025 and the start of 2026, it’s important to have an organized close out in Microsoft Dynamics GP. Closing out ensures that your books are accurate, your data rolls forward correctly, and your financial statements are up to date! In this blog, we will cover three things to do before you close the year in GP.
1. Post All Transactions
Before running any year-end close, every transaction from the current year should be posted across payables, receivables, inventory, and fixed assets. You should reconcile each module to ensure that every ledger aligns with the general ledger. This ensures that no data discrepancies carry into the new year. This means going through every outstanding vendor invoice, customer payment, and asset addition, while confirming that your physical inventory matches the quantities recorded in GP.
2. Back Up and Print Year-End Reports
Next, create a complete backup and print your year-end reports. This helps ensure that, if something goes wrong during close, you’ll be able to restore your data without losing valuable information. You can also perform multiple backups throughout the process, such as before the general ledger closes and with each sub-module. Also, save your reports, like financial statements, trial balances, and more.
3. Close Out and Verify Reports
The final step is closing out your modules before closing the General Ledger. It is recommended that you start with Inventory Management, and then proceed to performing each of the fiscal year-end procedures in both Receivables Management and Payables Management. Then, Fixed Asset Management and Analytical Accounting. Finally, close out your General Ledger.
Next Steps
Logan Consulting is a proud partner of Microsoft. We are here to help your business with all things GP. Click here to read our recent blogs about the future of Microsoft GP and your next steps with the ERP. Contact us today with any questions.
