Book Image

Microsoft Dynamics GP 2010 Implementation

By : Victoria Yudin
Book Image

Microsoft Dynamics GP 2010 Implementation

By: Victoria Yudin

Overview of this book

Microsoft Dynamics GP 2010 is a sophisticated Enterprise Resource Planning application with a multitude of features and options. The implementation of Dynamics GP is usually considered to be complex, and can be very confusing for users and consultants. This step-by-step guide will show you how to effectively implement Dynamics GP 2010 with ease.This focused, step-by-step tutorial covers the basics of Microsoft Dynamics GP, from licensing, to design, before moving on to more complex topics such as implementation and setup. You will learn how to install and configure Microsoft Dynamics GP 2010 from start to finish.This book will enable you to master the implementation of Microsoft Dynamics 2010 effectively. This book starts with how to plan and complete a successful Microsoft Dynamics GP 2010 implementation. You will then move on to learning who should be on the implementation team, what important questions should be asked and how to plan your infrastructure for Dynamics GP 2010. Detailed descriptions of all the setup options for the core Dynamics GP modules as well as practical advice on setup will help guide you through the myriad of options available in this powerful application. As you reach the end of the book you will learn how to import your initial data with illustrations and practical examples.
Table of Contents (18 chapters)
Microsoft Dynamics GP 2010 Implementation
About the Author
About the Reviewer
General Ledger Account Categories
Microsoft Professional Services: Additional Tools Available

Sales and purchase taxes

As part of the planning for your Dynamics GP setup, you will need to determine whether sales and purchase taxes should be calculated and tracked by the system. Even though the concept is the same, sales and purchase taxes must be set up separately, as a tax in Dynamics GP can only be one or the other. Many small and mid-size companies in the US choose not to track purchase taxes separately. However, any business selling goods or services will often need to collect and remit sales taxes to each state they do business in and have detailed records for state reporting purposes.

Setting up taxes in Dynamics GP involves the creation of Tax Details and Tax Schedules. Tax details are the lowest level of taxes a company wants to track; tax schedules are a combination of one of more tax details that are used together to calculate the total tax for a transaction. The same tax detail can be used on multiple tax schedules. Tax schedules are assigned to customers, vendors, items...