Welcome to the GP Year End Inventory Page

Welcome to the Year-End Close page for Microsoft Dynamics GP Inventory Management. Below you will find resources to assist you in performing the year-end close for Inventory in Microsoft Dynamics GP. Please review the demo along with the FAQ. For your convenience, there are links to step by step instructions from Microsoft as well as other resources to assist you.

 

Inventory Year End Video

 

FAQs

When should I close the Inventory module?

Microsoft recommends closing the Inventory module at the end of your Fiscal year and before any new transactions affecting inventory quantities are posted, including transactions done in the Sales and Purchasing module. This ensures the accuracy of the beginning balance quantities and history numbers displayed in the Item History window and reports such as the Turnover Report.

Do I need to post transactions from other modules that might affect inventory before closing the Inventory module?

Enter and post all transactions for the current year from all modules that affect inventory. (Purchase Order Processing, Invoicing/Sales Order Processing as well as Inventory transactions)