Microsoft Dynamics GP is an Enterprise Resource Planning system from Microsoft. It is used throughout the world by organizations in many different sectors due to its renowned strengths in financial management. These strengths extend beyond the standard finance modules of the General Ledger, Fixed Asset Management, and the Accounts Payables and Receivables to include a number of modules, which add additional finance management capabilities to the core system.
These modules include Analytical Accounting (which allows for analysis of transactions below the account level), Cash Flow Management, and budgeting, as well as methods of controlling spending through purchase commitments or encumbering. This book introduces these modules and shows you how they can be used to improve financial management and reporting.
Chapter 1, Analytical Accounting, introduces the Analytical Accounting module and how to configure, use, and report on transactions compared to budget values.
Chapter 2, Cash Flow Management, covers using the setup of a cash flow forecast and how to use the Cash Flow Calendar and Cash Flow Explorer to track in-flows/out-flows of cash.
Chapter 3, Budget Creation and Maintenance, shows how budgets can be created, combined, and maintained in Microsoft Excel.
Chapter 4, Budget Reporting, looks at the methods for inquiring and reporting on budgets in Dynamics GP, including the use of Management Reporter 2012.
Chapter 5, Purchase Order Commitments, shows how Purchase Order Commitments can be used to control expenditure.
Chapter 6, Encumbrance Management, shows how encumbering transactions can be used to reduce over spending and keep funds available when payment becomes due.