How can Microsoft Dynamics GP help you spend less time focusing on individual accounting tasks, and more time focusing on your company’s growth and future planning? Dynamics GP can help you automate some processes, minimizing data entry error and allowing expenses to be effectively tracked and reported.
Here are a few items in Dynamics GP which can assist with efficiency and accuracy.
- Setup Control Account Management. This feature allows the company to determine which account segment to use for analyzing payables or receivables information.
- Assigning Accounts in Vendor and Customer Cards. In customer and vendor cards, there is an option to enter in GL accounts and payment terms. This enables GP to automatically populate distributions resulting in more accurate reporting and reduced processing time.
- Establish Variable Allocation Costs and Fixed Allocation Costs. Variable Allocation and Fixed Allocation costs can reduce data entry errors and improve expense reporting. Costs can be distributed based on unit accounts such as square footage or number of employees.
- Workflow. GP’s workflow feature can establish approval settings for items such as purchase orders and batches. A company may have multiple approvers, or may have approval settings based on amounts.
To learn more about these features, reach out to Tridea Partners and let us help you improve your business processes so you can focus on your company’s business strategy!
This article was written by Teresa Cortez, Dynamics GP Application Consultant for Tridea Partners. Tridea is a leading Microsoft Dynamics provider. www.trideapartners.com