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Error Message - Added New Fiscal Year

  • 1.  Error Message - Added New Fiscal Year

    Posted Sep 27, 2019 02:50 PM
    Hello, When we attempted to add the new fiscal year to GP for our AP team to begin added invoices dated 10/01/2019, the system kicks back an error message (see below). It mentions that the changes will cause the period balances to be incorrect. We have not finished our current fiscal year, would doing a reconciliation as mentioned impact any of our year end closing balances? Is there a reason why this error would come up when adding a new fiscal year?



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    Jaclyn Cottington
    Touchstone Health Services
    Phoenix AZ
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    Conference-GPUG_200x200


  • 2.  RE: Error Message - Added New Fiscal Year

    TOP CONTRIBUTOR
    Posted Sep 27, 2019 03:48 PM
    Hi Jaclyn,

    I usually see that error when a change is made on the Fiscal Period setup... This is actually mentioned in #3 of the KB article below:

    How to change the fiscal period setup in General Ledger in Microsoft Dynamics GP
    https://support.microsoft.com/en-ph/help/871647/how-to-change-the-fiscal-period-setup-in-

    At any rate, I wasn't able to replicate your error... I tried changing the fiscal period and posted transactions in the affected months, but I didn't get that prompt... I only got it after editing the fiscal year.

    ​Just curious, are you getting this only when posting from Payables? how about the other modules noted in the error...
    Also, this invoice that your posting, is this a manually entered invoice or an imported one?

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    Ryan Galang
    BTP Technologies LLC
    CHANTILLY VA
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    Conference-GPUG_200x200


  • 3.  RE: Error Message - Added New Fiscal Year

    Posted Sep 27, 2019 04:04 PM
    Hello,
    We backed off and did not finalize the set up of the fiscal year or do the reconciliation in fear that it might mess up the current year.  But according to the link, it appears that reconciling the GL is the proper action to take.

    Thank you,

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    Jaclyn Cottington
    Touchstone Health Services
    Phoenix AZ
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    Conference-GPUG_200x200


  • 4.  RE: Error Message - Added New Fiscal Year

    GPUG ALL STAR
    Posted Sep 30, 2019 09:05 AM
    Hi @Jaclyn Cottington

    Were any days that fall in the current fiscal year accidentally entered during the setup of the new fiscal year?

    When Financial Reconcile is done it simply scrolls through the Transaction Date in the GL transaction tables and resorts what is in what period per the new fiscal calendars.

    You CAN do it, but make sure you have a good backup beforehand.

    I would recommend you take a good look at the prior FP setups and ensure that the new FP does not include any time at all from the old FPs.​

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    Conference-GPUG_200x200


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