Year End can be an overwhelming time of year as it relates to accounting processes and software updates. As your Dynamics partner, we are here to help you through it! We have compiled some of the most critical information and timelines for the coming months in this email.

If you would like to schedule a call or an onsite visit to understand the year end process as it relates to your organization please contact us now.

We will again be offering Year End Classes! There is limited space, so sign up today at: https://cargas.com/microsoft/events/year-end-training/

Dynamics GP Year End 2014 Preparation

The Year End update will be supported for Microsoft Dynamics GP versions 2010*, GP 2013, and GP2013 R2.

Expected Changes at this time:

  • Fixed assets depreciation changes
  • No W2 form changes
  • W2 electronic filing changes
  • W3 form changes
  • 1099-R distribution code added
  • Payables 1099-interest form changes and application changes
  • Product quality fixes
  • Affordable Care Act (ACA) changes for GP2013 only*, see blog below for details

Please note, any customer on GP 2013 will receive R2 as part of the year end update. There are several new features as part of this release. Information will be provided to you when scheduling your year-end update with Cargas.

GP 2010 Year End Update

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/usgpye2010

GP 2013 Year End Update

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/usgpye2013

*Please note the ACA changes will ONLY BE AVAILABLE FOR GP2013. If this is a requirement for your organization and you are on GP2010 or prior we will want to discuss your options.

Please refer to this blog for more details about the ACA changes:

https://community.dynamics.com/gp/b/dynamicsgp/archive/2014/09/23/aca.aspx

Year End Critical Dates

Microsoft plans to release the US year end update by end of November 2014

Round 1 tax update for calendar year 2015 planned for mid-December (table change only)

Round 2 tax update for calendar year 2015 planned for January (could include code)

Microsoft Dynamics GP 2015

The latest version of Dynamics GP is scheduled for release end of 4th Quarter 2014. More details to come.

Lifecycle Support

GP ver 10 – Microsoft Dynamics GP 10.0 is already out of mainstream support and is in its extended support lifecycle. This will be ending on 10/10/2017.

GP2010 – Mainstream Support for Microsoft Dynamics GP 2010 will end on 10/13/2015 which means that at that point in time, you will no longer receive tax and year end updates. Microsoft Dynamics GP 2010 will then move into Extended Support until 10/13/2020. Please note** this is the LAST year end update for GP 2010…end of tax / updates is October of 2015…if you are on GP 2010, you will need to look at upgrading.

GP2013 – Mainstream Support for Microsoft Dynamics GP 2013 will end on 4/10/2018 which means that at that point in time, you will no longer receive tax and year end updates. Microsoft Dynamics GP 2013 will then move into Extended Support until 4/11/2023.

For more details on Year End, GP 2013 R2, and other Dynamics topics please contact us at 888-611-3138.