There is a set of core modules that will be found in almost every installation of Dynamics GP. These are key modules that perform basic accounting functions and are the modules we will focus on in our implementation planning and examples throughout this book. The following are descriptions of the core modules that just about every Dynamics GP implementation utilizes. All of these modules are included in Business Essential licensing:
General Ledger: Everything in accounting ultimately ends up in the General Ledger (GL). This module is the final stop for all other modules and controls the Chart of Accounts, as well as the individual General Ledger transactions and account balances. While technically possible, it would be extremely difficult to implement a functioning Dynamics GP system without the General Ledger.
Bank Reconciliation: This module holds details for all cash transactions and bank accounts (called Checkbooks). Cash movements from other modules, such as Payables Management and Receivables Management, are posted to Bank Reconciliation.
Inventory Control: This module holds the setup for any items sold or used by a company. This can include items stocked in inventory, services that need to appear in detail on customer invoices, or internally used items that need to have quantities tracked. Inventory Control allows for multiple warehouses or locations, serial number or lot tracking, unit of measure setup, and cycle and physical inventory counts.
Purchase Order Processing: Detailed purchase orders with line items are entered and printed in this module, which allows for a transaction flow from Purchase Order to Receipt of goods to Invoice. The Purchase Order Processing module helps integrate Inventory Control and Payables Management, and also works with Sales Order Processing.
Sales Order Processing: Detailed sales transaction with line items are entered in Sales Order Processing, which allows for a transaction flow from Quote to Order to Back Order to Fulfillment Order/Invoice. Customer Invoices and Returns with line item detail are created and printed in Sales Order Processing. This module integrates Inventory Control and Receivables Management, and also works with Purchase Order Processing.