HI,
Does anyone have any very simple steps or procedures on closing gP 10 
Modules IE: A/P A/R, we are so confused on the process how does 1099 amounts 
get reset? Do you have to close year and run scripts in order for 1099 
amounts to be right, We have one client who is trying to run 1099's and they 
posted a check in 2010 n ow 1099's are last year amount plus the check of 
2010, what is the process of not closing vs closing and how do we get 1099's 
to match to 2009? Any help would be great, as well as INV,and GL closings 
too. Thank You, Id di view the kb articles but they are so confusing and not 
very clear my email is jims@em-powered.com if you would like to email me 
there, Thanks

basically, the 1099 resets to 0 after running the "calendar" year end close 
in AP. What I would recommend to the client is to NOT post any transactions 
until the year has been closed. They can always save the trx to a batch and 
then post it later on after YEC.

But since this is done, then you can manually edit the 1099 amounts to make 
it correct. you can do this in the 1099 Details window(Cards >> Purchasing >> 
1099 details), assuming you are on GP 10.0. and update the 1099 amount under 
Cards >> Purchasing >> Summary >> Select a vendor ID >> Yearly button.

hth.

Rheiner 

"Jim" wrote:

> HI,
> Does anyone have any very simple steps or procedures on closing gP 10 
> Modules IE: A/P A/R, we are so confused on the process how does 1099 amounts 
> get reset? Do you have to close year and run scripts in order for 1099 
> amounts to be right, We have one client who is trying to run 1099's and they 
> posted a check in 2010 n ow 1099's are last year amount plus the check of 
> 2010, what is the process of not closing vs closing and how do we get 1099's 
> to match to 2009? Any help would be great, as well as INV,and GL closings 
> too. Thank You, Id di view the kb articles but they are so confusing and not 
> very clear my email is jims@em-powered.com if you would like to email me 
> there, Thanks

Jim,

I published a series of blogs on this last fall.  Have a look here -
http://gp2themax.blogspot.com/search/label/Year%20End%20Close

Frank Hamelly
MCP-GP, MCT, MVP
East Coast Dynamics
www.eastcoast-dynamics.com

get your gptip42today at www.gp2themax.blogspot.com

Sorry, I disagree with this.  I have not run into any issues with printing 
1099's correctly for one year after posting transactions in the following 
year.  1099's are based on payment dates and the GP 1099 functionality is 
smart enough to separate years for the purpose of correctly printing 1099's. 
A 2010 payment showing up on the 1099 for 2009 means something went wrong or 
the date entered for the payment was not really in 2010.

My 2 cents on closing the Payables and Receivables subledgers yearly: the 
ONLY reason to do this is if you use the Amounts Since Last Close inquiries 
or YTD, LYR or LTD columns available in some of the SmartLists.  Since most 
companies are not able to make a clean 'break' between years, as is required 
for these numbers to actually be correct, there is really very little 
benefit to the yearly close for AR and AP.

Here is a blog post I wrote last year with year end close information, 
except for the 2008 specific links, all of this is still valid: 
http://victoriayudin.com/2008/11/14/year-end-close-in-dynamics-gp/.

-- 
Victoria Yudin
Dynamics GP MVP
Want to use Crystal Reports with GP?
http://www.flex-solutions.com/gpreports.html
blog: http://www.victoriayudin.com


"Rheiner" <Rheiner@discussions.microsoft.com> wrote in message 
news:D24B0893-8763-4C1F-8923-F5DCCAED05C0@microsoft.com...
> basically, the 1099 resets to 0 after running the "calendar" year end 
> close
> in AP. What I would recommend to the client is to NOT post any 
> transactions
> until the year has been closed. They can always save the trx to a batch 
> and
> then post it later on after YEC.
>
> But since this is done, then you can manually edit the 1099 amounts to 
> make
> it correct. you can do this in the 1099 Details window(Cards >> Purchasing 
>  >>
> 1099 details), assuming you are on GP 10.0. and update the 1099 amount 
> under
> Cards >> Purchasing >> Summary >> Select a vendor ID >> Yearly button.
>
> hth.
>
> Rheiner
>
> "Jim" wrote:
>
>> HI,
>> Does anyone have any very simple steps or procedures on closing gP 10
>> Modules IE: A/P A/R, we are so confused on the process how does 1099 
>> amounts
>> get reset? Do you have to close year and run scripts in order for 1099
>> amounts to be right, We have one client who is trying to run 1099's and 
>> they
>> posted a check in 2010 n ow 1099's are last year amount plus the check of
>> 2010, what is the process of not closing vs closing and how do we get 
>> 1099's
>> to match to 2009? Any help would be great, as well as INV,and GL closings
>> too. Thank You, Id di view the kb articles but they are so confusing and 
>> not
>> very clear my email is jims@em-powered.com if you would like to email me
>> there, Thanks