Control Account Management in Dynamics GP provides a mechanism to report consolidated payables to divisional expenses for divisional reporting.
Often companies say that they want to see each division reported as if it was a standalone business. Though all divisions may be part of a single legal entity, companies frequently need to evaluate divisional performance by treating each division as a separate business. Frequently, balance sheet accounts such as fixed assets and accounts payable are included to provide a measure of the capital required to run each division.
Control Account Management is designed to deliver the cost and management efficiency of centralized payables, while providing payables reporting at a divisional level.
In Control Account Management, payables are processed centrally. At month-end, a routine is run to allocate open payables from the payables GL account to divisional payable accounts. The...