2019 Year-End Close Resources for Microsoft Dynamics GP Users

By Britt Pangerl | November 11, 2019

It may be difficult to believe, but year-end is quickly approaching. Microsoft will release the year-end update for Dynamics GP the week of November 18.

2019 Pending Year-End Dynamics GP Update Changes​​

  • W-4 form change for 2020 
  • No W-2 or ACA form or EFW2 electronic file changes
    • Changes for Employee Self Service W4 form and Cards | Payroll | Tax window (required table changes)
  • No Payables form changes
  • Fixed Asset Luxury Auto Depreciation changes
  • New tax tables published based on 15-T
    • Including New Head of Household Status, Standard and Multiple Jobs withholding tax tables

Items to Note:

  • You can run on the new 2020 tax tables WITHOUT installing the year-end update code, knowing they will not have the new W4 2020 window and fields.
  • When you install the new tax tables or year-end update all the current employee filing statuses will remain the same, such as Married, Single, Exempt, etc.
  • Once an employee fills out a new 2020 W4, that is when you make the changes under Cards | Payroll | Tax (or self-service) of the newly selected filing status/ W4 changes.

***NOTICE***
Mainstream Support for Microsoft Dynamics GP 2015 will end on 4/14/2020 which means at that point in time, you will no longer receive tax and year-end updates.
Visit this page for more information Dynamics GP Lifecycle Services.

Year-end updates by version are noted on these CustomerSource pages:

Microsoft Dynamics GP 2015
Microsoft Dynamics GP 2016
Microsoft Dynamics GP

Have Stoneridge Help With Your Year-End Close

Stoneridge Can Assist with your Year-End Close - Schedule Now

If you would like the GP team to complete your year-end close, complete this:
YE-Close-Form.docx (159 downloads)
and email it to debs@stoneridgesoftware.com.

Our calendar typically fills up quickly - make sure to contact us as soon as possible to ensure you are scheduled for the date and time of your choosing.

Year-End Close Training Workshops - Register Today

During the Stoneridge year-end workshop, you will learn how to perform closing procedures in each Microsoft Dynamic GP module. Topics covered include:

  • Overview of year-end procedures
  • Updates and Backups
  • Fiscal year-end vs. Calendar year-end
  • Sales Order Processing and Purchase Order Processing
  • Inventory Control
  • Receivables and Payables Management
  • Fixed Assets
  • General Ledger
  • Payroll
  • Other Modules and 3rd Party Products
  • FAQ’s

If you're still looking for more information, please contact our team at Stoneridge!

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