For people who have been using Microsoft Dynamics GP for many years, the year end closing procedure can become a standard routine. Not exactly something you look forward to, but at least something you feel comfortable with.

But it is good to remember that each year there are at least a few things are new. This year, ACA reporting in Dynamics GP is the big topic of discussion.

But another point that we found interesting is changes related to Fixed Assets. There are limits that are changing related to luxury autos that will be incorporated with the year-end tax updates.

Luxury Auto Maximum Depreciation Deduction Amounts

  • The maximum depreciation deduction amounts allowed for luxury vehicles has been updated for assets placed in service in calendar year 2014 to comply with IRS Guidelines:

     http://www.irs.gov/irb/2014-11_IRB/ar09.html

  •  Microsoft Dynamics GP 2015 -Fixed Assets Year End report

Even if you are an experienced Microsoft Dynamics GP user, why not attend our Year End Online training session on December 11, 2014. You are bound to pick up some new tips, including more information like this fixed asset update.

 

CAL Year End Closing Webinar Training
Thursday December 11, 2014
Details & Registration

 

CAL clients can contact us for Microsoft Dynamics GP year end and support at support@calszone.com or 860-485-0910 x3.