It may not mean anything to most people, but for those who have been waiting for the ability to print a Historical Trial Balance out of inventory in Microsoft Dynamics GP, it’s a happy day!  Gone are the days of remembering to print the Stock Status at month end and remembering that not all transactions make it into the Historical Stock Status. 

But wait, it doesn’t just automatically reconcile to your General Ledger if you’ve upgraded from Dynamics GP.  You need to install and run the Historical Inventory Trial Balance (HITB) Reset Tool to reset your inventory balance.  Each step of this process must be completed before you can move on to the next level.  The process includes Reconcile, Creating Clearing Transactions, and running the Validation Report.  Yes it’s a bit time consuming, but once it’s done you can use the HITB Report to reconcile to General Ledger any time of any month.  Finally.