Book Image

Microsoft Dynamics GP 2013 Cookbook

Book Image

Microsoft Dynamics GP 2013 Cookbook

Overview of this book

Microsoft Dynamics GP is an enterprise resource planning system, essentially an accounting system on steroids, designed for mid-sized organizations. The implementation of Dynamics GP is usually considered to be complex, and people often realize there must be more efficient ways of working with the system. This book will show readers how to improve their use of Dynamics GP and get the most out of this tool quickly and effectively. "Microsoft Dynamics GP 2013 Cookbook" picks up where implementation training leaves off. Whether you are new or experienced you will find useful recipes for improving the way you use and work with Dynamics GP. The clear recipe steps and screenshots make implementing these solutions easy for users of any level and will be sure to improve your efficiency with the Dynamics GP 2013 system. The book starts with recipes designed to enhance the usefulness of Microsoft Dynamics GP by personalizing the look and feel of the application. Most of the recipes are designed to give tips for a typical installation of Dynamics GP, including core financials and distribution modules. The book then moves through recipes that include automating Dynamics GP to allow users or administrators to focus on value adding tasks, harnessing the power of SmartLists to leverage both simplicity and power, connecting Dynamics GP to Microsoft Office 2013, exposing hidden features in Dynamics GP, and much more! Through the final chapters, the book covers system maintenance and extending Dynamics GP with the Support Debugging Tool and Professional Services Tools Library.
Table of Contents (22 chapters)
Microsoft Dynamics GP 2013 Cookbook
Credits
About the Author
Acknowledgment
About the Author
Acknowledgment
About the Reviewers
www.PacktPub.com
Preface
Index

Improving financial reporting clarity by splitting purchasing accounts


By default in Dynamics GP, when a payables invoice is fully or partially paid, the payment portion of the transaction doesn't flow through the payables account. This can make it more difficult to trace a transaction, since the transaction could skip the payables account all together by crediting cash and debiting an expense.

GP provides an optional setting to force transactions to flow through the payables account and that's what we'll look at in this recipe.

How to do it...

Setting up GP to pass voucher payments through payables is as easy as following these steps:

  1. Select Administration from the navigation pane on the left. In the Administration area page, click on Company in the Company section.

  2. Click on the Options button. Scroll down to the setting Separate Payment Distributions and check the box next to it.

  3. Click on OK to close the window and accept the changes.

How it works...

Let's assume a $100 purchase transaction where...