Get GP Year-End Support

Be Ready for 1099 Payroll, MFA Email Functionality, and More

Contact Dexpro for Amber Bell's GP Year-End Workbook

• Dynamics GP 2016 will not receive a year-end update
• 2021 year-end will be inclusive of the October 2021 release
• Upgrade path is 1 year back / tested and supported
• Fall Release Upgrade path
• 2016 .814 (year-end) or later
• 2018 .0496 (2018 mid-year) or later
• GP 2018 RTM, GP 2018 R2 customers do not get year end they need to upgrade to 18.4.

Released 11/15/2021

• Payables NEC, 1099-MISC, 1099-DIV form changes
• Payables 1096 form changes
• Fixed Assets - luxury auto depreciation changes
• Payroll 1099-R form changes
• (No Payroll W2 changes nor EFW2!!)

1099 Dividend Form

  2020                                                                               2021

1099 NEC Form – 3 Part Form

  2020                                                                               2021

1099 Miscellaneous Form

  2020                                                                               2021

Important Update on Filing W-2’s

• The Taxpayer First Act mandates electronic filing of IRS forms including W-2s
• 2021 filing deadline to SSA is 2/1/2022
• Beginning in 2022, if you send 100 or more W-2s you must send them electronically.
• In 2023 that limit is lowered to 10!!!!

Latest updates on Microsoft Dynamics GP year-end update

• Payables 1099 NEC form is included in Year End update.
• No W2 payroll changes but ACA form (there are changes and new selectable codes in the drop down) came out late and will be included in the January Hot Fix. Microsoft will be releasing new blog this week - follow the YEAR END BLOG SERIES for all modules.
• Canadian Payroll is pending the T4127 to be published from CRA, and is running late this year as they are usually available in mid-November.
• Once final 2022 tax tables changes are published they will be included in the release of Round 1 taxes, all changes will be noted on Microsoft's tax page.
• There are no table changes in the US Year end update review this blog of 18.4 table and parameter changes.

Amber Bell 2021 Year-End Summary

It’s that time of year again…in addition to changing from Pumpkin Spiced Lattes to Peppermint Mochas, late fall also signals the time that Microsoft drops new features and fixes for Microsoft Dynamics GP. This year, they have fixes for the latest IRS changes to 1099 Forms. If you print your 1099s out of GP, you will need to schedule your update to GP for as soon as possible. We know there will be some clients that might wait for the last minute, but don’t let that be you! If you schedule now, you will have more dates and times available and we can make sure to work with you to get this done before the forms are due.

We recently had some support cases with clients that were unable to email out of GP due to conflicts with MFA (Multi-Factor Authentication). We are happy to announce that the 2021 Year-End release has a fix for this issue. It also includes the fix that was released last year for Microsoft Word templates/forms. If you use GP along with Microsoft Office 365, you need to keep up to date with the GP releases. As Microsoft adds security features behind the scenes for their Office products, GP is keeping up by including code in the yearly updates.

As more and more companies transition to Office 365, the need for yearly GP updates has become more important. This means that updating GP should be part of your planning for each year-end. The good news is that if you keep up with these yearly updates, the installation and testing will be much more simple than the old days of major upgrades with multiple table changes. We always recommend testing and reviewing these updates, but we are happy to report that for most clients, this process has become quicker and easier!

We look forward to helping you update your system. Please contact support@dexprodynamics.com or your project manager to get the update installation scheduled.

If you have any questions, please let us know.