Payables Management

Exclude inactive vendors in Vendors lookup
You can now exclude all inactive vendor records from the Vendors lookup window.  You also can set a default view.

Exclude expired discounts from payments
You can select a Payables Management setup option to exclude expired discounts from payments when you select checks for a computer check run. If you exclude expired discounts and select a range for due date/discount date cutoffs, the discount date for vouchers is compared with the apply date entered in the Select Payables Checks window. If the apply date is after the discount date for a voucher, the voucher isn’t included.

Select multiple ranges for payables check runs
To narrow the group of vendors and documents you want to pay, you can select multiple ranges in the Select Payables Checks window. You can select a separate range for vendor IDs, vendor names, class IDs, payment priorities, voucher numbers, document numbers, due date/discount date cutoffs, and document currency. In previous releases of Microsoft Dynamics GP, you could select only one range for vendors and one range for documents to narrow the group of vendors and
vouchers to pay.

Vendor approval workflow added
You can submit vendors to a workflow approval process. The process allows multiple approvers, depending on user-defined rules, and allows users who aren’t Microsoft Dynamics GP users to approve workflows. When a vendor is ready to be approved, approvers can be notified and the vendor can be approved, using Microsoft Outlook®, Microsoft Dynamics GP, or Microsoft Internet Explorer®.

Receivables Management

Enter negative cash receipts
You can enter a negative cash receipt for the purpose of decreasing a deposit. The negative amount flows through the system in the same way as a positive cash receipt, but is shown as a deposit with a negative amount.

Enter recurring cash receipts batches
If you receive the same or similar payment amounts from your customers, you can create a recurring batch for your cash receipts to speed data entry.

Exclude inactive customers in Customers lookup
You can now exclude all inactive customer records from the Customers and Prospects lookup window. You also can set a default view.

Exclude inactive salespeople from Salespeople lookup
You can now exclude all inactive salespeople records from the Salespeople lookup window. You also can set a default view.

Set up lockboxes at payment processing centers
You can set up lockboxes at payment processing centers to automatically import cash receipts transaction files into Microsoft Dynamics GP so you don’t have to enter each of the transactions individually.

Next time:  What’s New in GP2010 – Collections Management and Electronic Banking…

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Exclude inactive accounts in Accounts lookup
You can now exclude all inactive account records from the Accounts lookup window.

Clear recurring batch amounts
You can now clear the distribution amounts for all transactions on recurring batches after you post a batch. You can navigate through the distribution lines and enter new amounts for each period.

Combine multiple General Ledger budgets into a single, master budget
You can combine multiple General Ledger budgets into a single, master budget, one budget at a time. The master budget can be completely new and have its own budget ID, or it can be one of the two original budgets. This feature is helpful when multiple departments in your organization create their own budgets, which must then be consolidated. The new Combine Budgets window simplifies this process.

Comply with International Financial Reporting Standards (IFRS) requirements
Microsoft Dynamics GP now includes features that meet compliance standards for IFRS. You can identify transactions for local GAAP, IFRS, or other accounting purposes, and you can define ledgers for each purpose. You can select one or more ledgers for financial reports and inquiries. Also, you can generate distributions automatically as part of the year-end closing or currency revaluation process.

Create budget transactions
You can now create a transaction solely against a budget. You can view a list of budget transactions, make adjustments, and then update the budget from the list.

 Next time:  What’s New in GP2010 – Payables and Receivables Management…