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

"What if?" transactions


Cash Flow Management is mainly used to track the inflow and outflow of cash in Microsoft Dynamics GP by using cash flow forecasts. As with any good forecast module, "what if?" transactions can be entered to either include transactions which are due but have not yet arrived, or to model the predicted impact of future business operations.

To use a "what if?" transaction, perform the following steps:

  1. Open the Cash Flow Transactions window in Dynamics GP by selecting Financial from the Navigation Pane on the left, and then clicking on Cash Flow Transaction in the area page under Setup | Financial.

  2. Enter 5/1/2017 in the Due Date field.

  3. Enter Forecast Adjustment in the Description field.

  4. Enter $15,000.00 in the Amount field.

  5. Repeat steps 2 to 5 to enter a transaction of $13,000.00 for 8/5/2017.

An unlimited number of cash flow transactions can be entered and removed when they are no longer required. These transactions will only be included in the cash flow forecast if the Cash...