January 2023 hotfix for Dynamics GP is now available

Jan 17, 2023

Microsoft has released the January 2023 hotfix with important updates

Microsoft has released the January 2023 hotfix for Dynamics GP to clean up some minor year-end issues. GP users are recommended to implement the January 2023 hotfix if any of the changes are important for you. In addition to the hotfix, Microsoft also released the second round of US payroll tax changes for certain states. After this hotfix and the payroll tax updates, GP users can expect no other updates until mid-year, unless a regulatory change is needed.

January 2023 hotfix

In the January 2023 hotfix for Dynamics GP, Microsoft has resolved the following items:

  • Project PTE Employee Expense Pending Approval Navigation List is not displaying Employee Expenses that are pending approval by approvers that are not a WF manager or delegate of the employee
  • Project Accounting approved timesheets not moving out of Timesheet Entry when using Final Approval notifications and updating to the payroll batch
  • The Human Resource Vacation Calendar Window stops at year 2020 on the drop-down list
  • Sales Orders with a Transfer Hold lock up the SY00800 when multiple documents transferred from the Sales Order Transactions Nav List
  • Display issue only for the 1099-MISC for renumbered boxes – prints fine

If you pay your employees with Canadian Payroll, it is recommended to install the January Hotfix for these tax item fixes:

  • Yukon, was not calculating properly with the 4th tax bracket
  • Federal claim off slightly when net income falls in between the 165,430 and 235,675 range
  • Quebec updated provincial tax calculations compared to online calculator

US Payroll Round 2 tax changes

In addition to the January 2023 hotfix, Microsoft also released new payroll tax updates. This is the second tax update for 2023 and replaces all previous tax updates. GP users are recommended to implement this payroll tax update if they process payroll in any other states below:

  • Arkansas
  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Maryland
  • Michigan
  • North Carolina
  • North Dakota
  • Oregon
  • Rhode Island
  • Vermont

The first round of the U.S. 2023 payroll tax update was released on December 21, 2022, and included changes to the FICA Social Security Limit and federal tax tables. Additionally, it included for the following states:

  • Arizona
  • California
  • Kentucky
  • Maine
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Mexico
  • New York
  • South Carolina
  • Yonkers

Update Dynamics GP to access these important changes

If any of the hotfixes are important to you or if you process payroll in any of the states included in the second round of tax updates, you should update your system. A Microsoft Dynamics GP partner can help you upgrade your system and ensure no disruptions to your system. If you don’t have a partner, a new Dynamics GP partner can help identify if the January 2023 hotfix or the payroll tax update is important for your organization to install and help you apply the update.