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12 Days of GP Tips: Day 11 – Explore What’s New in the GP Fall 2020 Release (18.3)

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GP Fall 2020 Release 18.3

The Dynamics GP Support & Services Team recently published a blog series detailing the enhancements and new features in the latest GP release. Most of these features were by customer request. Check out the full blog series by clicking the links below. Financial Enhancements October 5 – Non-Employee Compensation (NEC) for 1099 form (rolled back to … Read more 12 Days of GP Tips: Day 11 – Explore What’s New in the GP Fall 2020 Release (18.3)

12 Days of GP Tips: Day 7 – NEW 2020 Form 1099-NEC

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1099-NEC

In a move that will impact most businesses using Dynamics to generate their 1099 tax forms:  The IRS has released a NEW 2020 Form 1099-NEC.  This is a form that replaces form 1099-MISC for reporting nonemployee compensation (Box 7).  The form 1099-MISC is still used for reporting other types of compensation. If you are planning … Read more 12 Days of GP Tips: Day 7 – NEW 2020 Form 1099-NEC

12 Days of Dynamics GP Tips: Day 3 – Remember That Year-End Close Tasks Are Time/Order Sensitive

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Dynamics GP Year End Tips

Timing is key, and today’s tip focuses on those time/order sensitive year-end processing tasks. Some key steps to consider regarding timing are as follows: Prepare a “Soft” close for all of the 2020 periods from the Fiscal Period Setup. This will be helpful to prevent incorrect postings. Our team recommends that a “test run” or soft … Read more 12 Days of Dynamics GP Tips: Day 3 – Remember That Year-End Close Tasks Are Time/Order Sensitive

12 Days of Dynamics GP Tips: Day 2 – Backups Are Critical

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Dynamics GP Year End Tips

We’re back with tip #2 in our December Dynamics GP tips series, and today we’re talking about backups. Do not begin your GP year-end close without backing up your GP database. If you have backups running on a regular basis, please remember to restore the backup to ensure that everything is backing up appropriately. It’s wise to … Read more 12 Days of Dynamics GP Tips: Day 2 – Backups Are Critical

12 Days of Dynamics GP Tips: Day 1 – Stress-Free Year-End

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GP Year-End Tips

For the rest of December, we’re posting a series of Dynamics GP tips. We hope you’ll follow along, and please share with us any helpful tips you have that we can pass along to our GP user community.  Remember to PLAN AHEAD – Since you only have to close the year ONCE every 12 months, … Read more 12 Days of Dynamics GP Tips: Day 1 – Stress-Free Year-End

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