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

Maintaining budgets


After a budget is created it tends to be dynamic, as business and budgeting needs change during the course of the year, resulting in budget values changing or needing to be moved from one account to another.

As well as being used to create budgets, Microsoft Excel can also be used to maintain them. This can be done in one of two ways.

  • The Open button can be clicked and this will open the existing Microsoft Excel spreadsheet, which has previously been exported. This method is not generally recommended, as there is no guarantee that the spreadsheet on your PC or network share is the most up-to-date.

  • The budget can be exported to Microsoft Excel for amendment. This method ensures the up-to-date budget is updated.

To amend a budget using Microsoft, 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...