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

Creating default records


Before Analytical Accounting can be used, there are several steps that must be completed. The first of them is to create the default records needed for Analytical Accounting.

To create the default records needed for Analytical Accounting, follow these steps:

  1. Log on to Microsoft Dynamics GP using the sa or dynsa user accounts.

  2. Open the Analytical Accounting Setup Wizard window in Dynamics GP by selecting Administration from the navigation pane on the left, and then clicking on Setup in the area page under Setup | Company | Analytical Accounting.

  3. Make sure that the Create Default Record checkbox is marked, and then click on Next.

  4. A listbox will be displayed showing the tasks, which will be processed. Click on Finish to proceed.

  5. Once complete, click on OK to close the Analytical Accounting Setup Wizard window.

  6. Repeat steps 1 to 5 for each company database.

This setup step needs to be performed in every company where Analytical Accounting is to be used as it creates all the records required for Analytical Accounting to function.