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Note

You cannot close a fiscal year in Job Cost until the last fiscal period in the year is closed. Before closing a fiscal period in Job Cost, make sure to close the corresponding series on the Microsoft Dynamics GP Fiscal Periods Setup window (Microsoft Dynamics GP > Tools > Setup > Company > Fiscal Periods).

Before closing a year

  1. Post all Job Cost transactions for the year. No unposted transactions for the year should exist in any Job Cost transaction work file.
  2. Back up your Job Cost files. If you encounter difficulties during the closing process, restore the backup and complete the procedure again.
  3. Perform the period closing for the final period in the fiscal year. See Closing a Period or Month.

Closing a year

  1. Choose Microsoft Dynamics GP > Tools > Routines > Job Cost > Year-End Closing.
  2. The fiscal year to be closed appears as the default and cannot be changed. Choose Close to close the fiscal year.