Book Image

Microsoft Dynamics GP 2016 Cookbook

By : Mark Polino, Ian Grieve
Book Image

Microsoft Dynamics GP 2016 Cookbook

By: Mark Polino, Ian Grieve

Overview of this book

The latest release of Dynamics GP 2016 offers a powerful, adaptable, and cloud enabled enterprise accounting software solution. The new version has experienced changes in serviced-based architecture, workflow, existing functionalities, and the introduction of plenty of new features. This book will help you get the most out of Dynamics GP quickly and effectively. This book picks up where implementation training leaves off. Whether you are new or experienced, you will find useful recipes to improve the way you use and work with Dynamics GP. 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 you 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, connecting Dynamics GP to Microsoft Office, exposing hidden features in Dynamics GP, PowerBI, and much more!
Table of Contents (20 chapters)
Microsoft Dynamics GP 2016 Cookbook
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface
Index

Expanding payment options with credit card payment runs


In Dynamics GP, most firms process payables with a check run that pays a batch of checks. Before GP 2016 it wasn't possible to pay multiple invoices with a credit card. A payment run could only use checks or EFT. With Dynamics GP 2016, it's now possible to do a credit card run. This doesn't actually send a credit card payment to a vendor, but records that these vouchers were all paid via credit card.

Getting ready

This recipe assumes that at least one credit card or bank card has been created in Dynamics GP. A credit card is tied to a vendor and payment is ultimately made to that vendor. A bank card is tied to a bank account and payments made using the card reduce the balance in the bank account.

Users should also be successfully generating other types of payment via batches such as checks or EFTs to ensure that the payables setup is complete:

How to do it...

To create a credit card based payment run, follow these steps:

  1. Under Purchasing...