Book Image

Microsoft Dynamics GP 2013 Financial Management

By : Ian Grieve
Book Image

Microsoft Dynamics GP 2013 Financial Management

By: Ian Grieve

Overview of this book

Microsoft Dynamics GP 2013 is a mature accounting software, ERP application, which is aimed at making life easier for financial professionals. This book is to assist readers in improving their use of Microsoft Dynamics GP by showing them how to get the most out of the financial aspect of the system. Microsoft Dynamics GP 2013 Financial Management is intended to add value to your organization by making use of additional modules and processes by introducing readers, new or experienced, to some of the financial management modules of Dynamics GP, such as Analytical Accounting, Cash Flow Management, and Encumbrance Management. Microsoft Dynamics GP 2013 Financial Management introduces the six essential financial modules. You will get acquainted with accounting to enable reporting, before gaining an oversight into inflow and outflow of cash. Budget studies cover all aspects of budget use in Dynamics GP for comparing actual figures against the budgets created and maintained within the system. The final chapters cover PO Commitments and Encumbrance Management; two sides of the same coin. Both modules allow for the control of purchasing by either committing or encumbering the transactions and preventing overspending.
Table of Contents (14 chapters)
Microsoft Dynamics GP 2013 Financial Management
Credits
About the Author
Acknowledgement
About the Reviewers
www.PacktPub.com
Preface
Index

Combining budgets


Until Microsoft Dynamics GP 2010, one of the features most commonly asked about by customers was missing. This was the ability to combine budgets together so that separate budgets could be created for each budget holder, and then merged together in Dynamics GP rather than in Microsoft Excel.

Two budgets are required for the combine function. We can use the 2017 MASTER budget as the one into which we will merge a second budget, but we will need to create this second budget first. This can be done using the steps already covered on creating a new budget and create a budget for the sales division (Division Segment = 300) called 2017 SALES.

To combine the 2017 SALES budget with the 2017 MASTER budget, perform the following steps:

  1. Open the Budget Selection window in Dynamics GP by clicking on Financial from the Navigation Pane on the left, and clicking on Budgets in the area page under Cards | Financial.

  2. Click on the 2017 MASTER budget.

  3. Click on the Open button and then click on...