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From all of us
Year End Close
Get help Giving back
Merry Christmas and Happy New Year from all of us here at Intelligent Technologies, Inc!
Please note: In observance of the holidays, Intelligent Technologies will be closed on:
• Tuesday, December 24th after noon
• Wednesday, December 25th
• Wednesday, January 1st
Year End Close Tips
General advice from our expertsStart here
Standard procedures Module specific procedures
Tips for payroll
usersACA & W-4
NotesAdditional info
How to login to CustomerSource to download the updates
General Tips From Our GP Experts
Please do not wait until you want to perform year end functions to read through these instructions. Because:
• You probably need to prepare.
• Some modules, such as Payables and Receivables, need year end functions to be performed prior to entering 2020 data for best results.
• You might want to have your Payables and Receivables staff wait to enter 2020 documents until you have entered all 2019 documents.
• You might want to prepare your IT staff to run and save a pre-year end backup of your data.
• GL year end does not need to be performed until you wish to run a GL Trial Balance or a Balance Sheet for 2020. (Those reports require 2020 beginning balances, which are not created until GL Year End process runs).
General Tips For GP Payroll Users
• Note: the 2019 payroll tax tables and 2019 year end files will not be available for versions lower than GP 2015. If this is an issue for you, please contact us at (336) 315-3935 right away.
• The year-end update needs to be installed sometime before you create the year end wage file and before you run a 2020 pay run (checks dated in 2020). It needs to be installed on each workstation and on the server. It will run through an update of your data, so it is not a quick task.
• The 2020 tax table update needs to be installed after you run your final 2019 pay run, after you create your year-end wage file and before you run your first 2020 pay run (checks dated in 2020). It is installed only once from any workstation or from the server.
• For more Payroll specific instructions, visit this webpage.
Module Specific Procedures
Fixed Assets General Ledger
Inventory Payables
Payroll Receivables
ACA & W-4 Notes
There were no ACA reporting changes this year. But there were significant changes to the W-4 form. Learn how to set them up.
Additional Info
1. The Year-End Update will be an all-inclusive update that
contains all prior service packs, hot fixes, etc.
2. This is the last year-end update for Microsoft Dynamics GP
2015. Mainstream support for Microsoft Dynamics GP 2015
will end in April 2020.
3. Once you install the 2019 Year-End Update for GP 2018, you
will be on the Modern Lifecycle.
Give Back With Us
Do you have some computer hardware you're not sure you need or what it even is? We can help you decide. And, if it turns out you no longer need something, we and our friends at Handy Capable Network can help you responsibly dispose of it, while giving jobs to disabled adults and putting technology in the hands of low-income families. A win-win-win!
Call (336)315-3935 or email Brent Quick at [email protected] to get started.
Get Help
• If you have questions about any of the information covered in this document, or something it didn’t address, please don’t hesitate to call (336) 315-3935 or email Jennifer Weathersby at [email protected].
• Need hands on help with your Year End close? Please let us know ASAP so that we can get you on our schedule.
• Should you be interested in discussing your GP upgrade options, please call (336) 315-3935 or email Allen Finch at [email protected].
