Reversing a Closed Year in Dynamics GP



It's that time of year again. 
The time where you need to close the year in Dynamics GP to roll forward balances but at the same time auditors are needing adjustments. 
The steps below will assist you in reversing a closed year in Dynamics GP. 


With the most recent versions of Microsoft Dynamics GP (2013 R2 and above), you have the ability to open previously closed years in Microsoft Dynamics GP. It is a fairly easy process and can be done by following the steps below.

1.   Get all users out of GP

2.   Make a backup of the company database

3.   Print an trial balance reports for verification (if needed)

4.   Reverse the historical year(s) - (Financial > Routines > Year-End Closing)


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5.   After you have reversed the year, make sure and reconcile any open years starting with the oldest open year - (Financial > Utilities > Reconcile). *Note: Running this utility does not produce a report.  This step is very important to your inquiry windows being correct.





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