It’s November now, and Microsoft Dynamics GP users have a lot to look forward to in the October 2019 release. All the new features are now live and making a big impact on users.
As you continue to enjoy these new and updated features, there are several things to note.
1. New Form W-4 and other payroll changes
The IRS is about to release a new Form W-4 due to changes enacted by the Tax Cuts and Jobs Act (TCJA). To have this change reflected in Dynamics GP, you’ll need to install the 2019 U.S. year-end update.
In this update there are also changes for Fixed Asset depreciation, but note that there are no changes to payables, Form W-2, ACA or electronic file formats.
The 2019 U.S. year-end update will release in November, likely in the middle of the month. The tax tables will release in December once they’re published by the IRS.
This year-end update is supported for GP 2015, GP 2016 and GP 2018.
2. Payroll tax update
The round 4 U.S. Payroll Tax Update was released for Minnesota, which has new tables, and Virginia, which made a standard deduction change.
3. Support ending for Dynamics GP 2015
In April 2020, Microsoft is ending support for Dynamics GP 2015. It’s time to upgrade to GP 2018 or later. You can read about the benefits of upgrading here.
4. Feature of the day
One great blog series to follow to learn about all the October 2019 release features is the Microsoft Dynamics GP team blog, where they’re focusing on one feature per day.
Of course, don’t forget to follow Wipfli’s Dynamics GP blog, too, as we keep you updated on everything GP, from the Modern Lifecycle to the benefits of Intelligence Cloud. This is another chance to emphasize that the Modern Lifecycle is a huge win for Dynamics GP and shows Microsoft’s dedication to the GP product line.
The last thing to note is, for GP 2018 clients, if you have not installed the October 2019 release, but you plan on installing the U.S. or Canadian year-end update in November/December, you will be installing the October release at that time as well.
Dynamics GP questions?
If you have any questions about Dynamics GP’s October 2019 release or anything discussed above, please reach out. We’re happy to help, and we’ll continue to keep you updated on GP in our dedicated GP blog.