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Microsoft Dynamics GP 2010 Implementation by Victoria Yudin

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Fiscal periods and years

Dynamics GP allows an unlimited number of historical and open fiscal years.

Note

Dynamics GP manuals and online help state that you can only post transactions to two open years. This is not the case—you can post transactions to any and all open years you have in Dynamics GP.

The following are guidelines for fiscal years and periods in Dynamics GP:

  • Each fiscal year can have up to 367 fiscal periods.
  • Fiscal years cannot overlap.
  • Each fiscal period within a fiscal year can have a different length.
  • Fiscal year names can only be a four digit year number.
  • Up to three periods can have the same starting date. This is sometimes, although rarely, used for adjustment periods and is typically not recommended. Best practice is to not have ...

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