If closing to retained earnings using divisional retained earnings ensure that a retained earning account exists for each unique value in the divisional segment.

Now is a great time to review your payroll's pensionable and insurable earnings vs. employee & employer contributions for the current calendar year.

Every company needs to ensure that their books match the reality of their bank transactions. Microsoft Dynamics GP includes several features to assist in accomplishing this task with ease!

There are no separate steps to close A.A. as the year-end close process is automatically integrated with the year-end close process for General Ledger. 

The year-end close process moves all your current data into the last year tables.  There is no consideration for date.  You must complete all 2017 payrolls and run the file reset process before processing any 2018 pay runs.

GP2015 and more recent versions have a new optional report Fixed Asset Year End Closing Report. 

There are two year end close processes in Payables;

There are two year end close processes in Receivables

Fields updated by the year end close are mainly used for reports and quantity summaries.  If you deem these field unimportant you do not have to close inventory.  Things to consider;