GP Year-End Closing covers how to plan for and perform year-end closing processes for payables management, receivables management, inventory control and general ledger. Payroll and Fixed Assets are not covered. The course includes how to determine the space necessary for backups, ensuring that customers and vendors are configured properly to allow correct preparation of year-end documents (ex: 1099), creating a new fiscal or calendar year, how to check general ledger accounts to have balance sheet account balances roll forward while having income statement account balances close to retained earnings, backup schemes, order of closing modules, how to re-open a closed year and more. The course materials include an easy-to-follow manual (both printed copy and an easy-to-search PDF version) to help remember steps that are typically performed once per year. There is also plenty of time during this class for Q&A. This class is typically held November through December.