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Micro Force -Velosio Newsletter Jan 2021

We hope that you have had a memorable holiday season and a wonderful New Year celebration. As we begin the new year, we would like to start by thanking each and every one of you for the opportunity to support your Microsoft Dynamics GP business software system. Without your patronage, we would not be able to celebrate the start of our 37th year in business.

The purpose of these articles are to help you complete your year-end tasks as efficiently as possible using your Microsoft Great Plains business software system.

Please remember that as the Greater NYC Velosio Affiliate with over 350 resources in our organization, we not only have the expertise but also unprecedented bandwidth to help you and your team utilize the best in Microsoft business software and any of the Microsoft technologies including the Power Platform and Azure hosting to achieve your business goals in 2022!

January Year-End Services for Dynamics GP System

It’s once again time to plan for the year-end processing in your Microsoft Dynamics GP business software system.

  • Do you recall how to close each sub-module, so that information such as purchases for vendors in 2021 and 2022 will be correct?

  • Do you recall how to change GP data if corrections are needed for your 1099 reports?

  • Perform a “soft close” to 2021 so that your January balance sheet is correct?

Because these are tasks that you only need to perform once a year, you may be like most of our clients who schedule their year-end service session with our team to remind them and assist them in these once-a-year routines. Especially since some of the routines could take days to “undo” if not executed correctly.

Please email to request to schedule this service. If you have a preference as to who on your team you would like to work with, please include that in your support request.

1099 Reporting in Dynamics GP Will Require an Update