Setup information is divided into the following sections: It guides you through the various procedures you must complete, in the order you should complete them, so you can begin using Payables Management. One way to set up Payables Management is to follow the setup routine we’ve provided. It’s important to keep this information up to date to reflect your company’s current activity.Ĭhapter 4, “Beginning balances and vendor history,” describes how to enter beginning, or outstanding, balances owed to each vendor, and how to view historical balances.Ĭhapter 5, “Vendor maintenance,” describes how to complete maintenance procedures for vendor cards. Payables Management setup and cards information is divided into the following chapters:Ĭhapter 1, “Payables Management setup,” describes the setup routine for Payables Management, so you can prepare Payables Management for use.Ĭhapter 2, “Vendor classes,” explains how to group vendors into classes according to common entries, and the benefits of creating classes.Ĭhapter 3, “Vendor cards,” describes how to enter vendor records. You can set up Payables Management, so it meets the needs of your business and the other Microsoft Dynamics GP modules you use. ![]() It also lists procedures you complete on a periodic basis, such as month- or year-end closing. Part 4, Utilities and routines, describes procedures you can use to verify account balances or remove history for a group of vendors. Part 3, Inquiries and reports, explains how to use inquiries and reports to analyze payables activity. Part 2, Transactions, provides information about working with transactions and payments, and describes the types of transactions available in Payables Management. Part 1, Setup and cards, introduces Payables Management and gives detailed setup instructions. The manual is divided into the following parts: To view information about the release of Microsoft Dynamics GP that you’re using and which modules or features you are registered to use, choose Help > About Microsoft Dynamics GP. Some features described in the documentation are optional and can be purchased through your Microsoft Dynamics GP partner. ![]() To make best use of Payables Management, you should be familiar with systemwide features described in the System User’s Guide, the System Setup Guide, and the System Administrator’s Guide. This manual is designed to give you an understanding of how to use the features of Payables Management, and how it integrates with the Microsoft Dynamics GP system. You can create new reports, or customize predefined reports Report Writer. You can search within reports that are printed to the screen. You can display a breakdown of your control payables account by account segment.Ĭreate one or more sets of reports that can be sorted by calendar or fiscal year. Manage payables accounts by reporting segments, such as cost center, division, department, program or fund. Transactions that are on hold can’t be applied or paid. Individual transactions also can be placed on hold. The Hold status prevents vendors from being paid until the hold is removed. ![]() Manage disputes with vendors by placing a Hold status on selected vendor records. You can print 1099 statements at any time. Specify vendors that 1099 information must be tracked for. In addition, you can calculate interest, amortize amounts and forecast the impact of variable interest rates, payment amounts, and installment charges. You also can use Payables Management to complete the following tasks:Ĭreate payment schedules that help automate the process of making installment payments. Payments can be generated using computer check runs or tracked after-the-fact as manual payments. Payments and credit documents can be applied to invoices and debit documents automatically, or individually. Individual posting accounts can be assigned to each vendor and you can store up to four types of transaction history for each vendor. You can use Payables Management to maintain information about vendors, enter and post purchase transactions, and track payments to vendors.
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