U.S. Year-End Update for Microsoft Dynamics GP

Overview
Don’t forget to check out the Dynamics GP Support and Services Blog for posts and videos created by the Dynamics GP Support Teams. Here is a quick way to find answers to commonly asked questions, new issues, release dates, etc.
2023 Year-End Changes – Target Release 11/17/2023

1. There will be no changes to Payroll for Secure Act 2.0. If this is functionality you need in the product for automatically tracking of catch-up contributions for employees, please review Integrity Data Enhanced Retirement Plan for this additional functionality.

2. The IRS is pushing for a business to file electronically, W-2, 1099, etc. Dynamics GP does not file Payables 1099’s electronically. Review this blog to help you prepare for 2023 year-end and electronic filing: Microsoft Dynamics GP: 1099 Changes to Expect – Get Ready for Year-End 2023

3. If you still print Payables 1099 forms in Microsoft Dynamics GP, with the October 18.6 release all Payables 1099 forms (DIV, INT, MISC and NEC) will print with lines. This is similar to what we did with the 1099-NEC form in the 18.5 release. You no longer need to purchase forms at year end!!

4. Fixed Assets – luxury auto depreciation changes

Click here for updates: https://learn.microsoft.com/en-us/dynamics/s-e/gp/usgpye2018_396