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

Entering budget transactions


Another feature introduced in Microsoft Dynamics GP 2010 is the ability to enter budget transactions to adjust the budgets previously created. The advantage of using budget transactions over updating the budget via Budget Maintenance or Excel is that a record can be maintained of what adjustments to the budget have been made.

There are two settings that can be reviewed before starting to use budget transactions. The first is the Budget Journal Entry number, which can be increased from the default of 1, and the other is the Maintain History checkbox for Budget Transactions.

To maintain these settings, perform the following steps:

  1. Open the General Ledger Settings window in Dynamics GP by clicking on Financial from the Navigation Pane on the left, and clicking on General Ledger in the area page under Setup | Financial.

  2. Check the Budget Transactions checkbox under the Maintain History heading.

If you do not mark the Maintain History option for Budget Transactions, then...