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

Year-end processes


The Year End Encumbrance Transfer window can be used to transfer encumbrances from the previous year to the current one. The transfer process will automatically liquidate encumbered amounts in the previous year and update open purchase orders, which will be delivered in the current year. During the transfer, you can also decrease budget amounts for the previous fiscal year and increase the corresponding budget amounts for the current one.

To perform a year-end encumbrance transfer, perform the following steps:

  1. Open the Year End Encumbrance Transfer window in Dynamics GP by selecting Purchasing from the Navigation Pane on the left, and then clicking on Year End Encumbrance Transfer in the area page under Routines.

  2. Enter 2014 in the Year field and press Tab.

  3. If desired, mark the Include corresponding budget amounts checkbox, and then click on Transfer to perform the year-end process.

The Decrease budget amounts for previous fiscal year checkbox is only enabled when the selected...