Fiscal Period Set Up

As you go into new fiscal years, you will need to make sure that the new fiscal year has been defined in Dynamics GP. This is easy to do.

To view your fiscal periods in Dynamics GP, navigate to the Fiscal Periods Setup screen:  Microsoft Dynamics GP  >>  Tools  >>  Setup  >>  Company  >>  Fiscal Periods

To add a new year, simply key in the new year number in the “Year” field, and tab off the field.  Verify that the “First Day” and “Last Day” are correct, and click on the Calculate button.  You can adjust the Period Name and Start Date if you wish.

Click OK, and you’re done.

Take a look at this video to see this in action:  Fiscal Periods Setup

One Response to Fiscal Period Set Up

  1. Nick May 6, 2011 at 5:28 am #

    Fiscal period setup is pretty easy, one thing I would have added to video is how to setup a closing or adjusting period.
    In the written instructions it mentions you can have 3 periods with the same period start date for such transactions, pretty easy just a thought.. Videos are a great tool

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