Microsoft Dynamics GP Year-End Update

Year-End Review for Dynamics GP

It’s our favorite time of year, the holidays and closing the books for GP!  Here are some helpful updates and resources.  As always, we are here to support you, so reach out with any questions and our Dynamics experts can help you.

Important 2021 Tax Filing Dates

January 31, 2022 – to employees and IRS/SSA

  • W-2s, EFW2
  • 1099s – If you need help with 1099s, contact Greenshades
  • 1095-Cs to employees

March 31, 2022:

  • ACA e-filing to deadline to IRS

Microsoft is waiting for the IRS to publish the final 2022 tax tables.  At that point, they will review and prepare for all the Round 1 tax changes – bookmark the Dynamics GP tax page to keep an eye on any updates available.

GP Year-end Closing Seminar

If you were not able to join us on our GP year-end closing webinar, you can watch the recording of the webinar and download a copy of the presentation, including checklists and resources here.

In the webinar, Mary, our in-house GP expert covers all the important information you need to know about closing the year in Dynamics GP.  Here’s the agenda:

  • Dynamics GP – Product Life Cycle
  • ISV 2022 Announcements
  • Year End/GP 18.4 update features
  • Year-End Closing Preparation
  • Year-End Closing Sequence
  • Closing Procedures for Each Module:
    • Sales Order Processing
    • Purchase Order Processing
    • Inventory
    • Receivables Management
    • Payables Management
    • Fixed Assets
    • General Ledger
    • Payroll

Year-End Information & Resources

There has been an issue with the Project Purchase Order Entry window header looking mixed up after installation of the year-end update 18.4.  In addition, the payroll checkbox for “In Addition to Salary” is missing.  Here’s the fix.

If you have questions, need any assistance with year-end, or you are getting errors, please contact us and our expert support team can assist you.  Visit our support webpage or email us at sales@crestwood.com

Leave a Reply