How to setup corporate credit cards for Payment Processing in AP

1.) Create a Liability Account in GL

  • Ex: 21001 = Accrued Liability – VISA Account or Credit Card Payable
  • Account Class = CASHASSET
  • Type = Liability
  • Post Option = Detail
  • If using multi-currency, assign the currency to the account

2.) Create a Cash Account for it in Cash Account window.

  • Assign a Subaccount

Reclassifying General Ledger Entries in Acumatica:

Reclassifying General Ledger Entries in Acumatica:

The Reclassify Transactions Process in the Financial Module of Acumatica allows users to correct, reclass or edit a General Ledger transaction that has been released and posted. Users can reclassify a General Ledger transition if an amount has been posted to the wrong account number, subaccount or branch on a transaction, and can edit the transaction date or transaction description. (more…)

Auto-Reversing GL Batches in Acumatica

To create a journal entry that automatically reverses in the next period, use Acumatica’s Auto-Reversing feature. By checking a GL Batch as ‘Auto Reversing’, the system will automatically create a reversing entry in the next period. The Transaction Date on reversing entry will be the first day of the reversing period, per your Company’s Financial Calendar. (more…)

Benefit of Dynamics GP – Adding a New Company

By Devon Southall
 
So you are in need of adding another company to your accounting system or foresee it happening as your company grows. This is something to keep in mind as you search for accounting and financial management software. You want a software product that can grow with you. This is one of the many benefits of Microsoft Dynamics GP. (more…)

Little Known Features – Field Level Security in Dynamics GP

By Adam Martin      
 
There is a little known feature in Dynamics GP that allows you to go a step beyond the basic security in GP and take it to a more granular level. This is known as Field Level Security. It is found in the GP2013 Starter Pack and all newer versions of Dynamics GP and is an add-on module for those in GP2010 or prior. (more…)

Customer / Vendor ID in Dynamics GP – Naming Methods

By Devon Southall
 
What are you current Customer /Vendor IDs? Are they working for you? Each ERP system has particular structures that work better for that system. Microsoft Dynamics GP can support various types of ID – numeric, alpha-numeric, mixed and set or variable lengths up to 15 character. But which one is best?
 
We are going to discuss 3 typical ID structures/methods on factors of Ease of Use and Speed in Dynamics GP for Vendors (but remember that customers would work exactly the same). (more…)

The Plant Floor: Rediscover the Hidden Link in your Supply Chain- Webinar Tuesday, April 9th at 1pm

The Plant Floor: Rediscover the Hidden Link in your Supply Chain-
Webinar Tuesday, April 9th at 1pm

 
Software Solutions Group and Toward Zero, an industry leader in shop floor connectivity and manufacturing process flow, have teamed up to help you understand how to achieve better visibility into your costs and profitability than ever before.
 
For the average manufacturing or processing plant, the activity that happens on the floor remains one of the most elusive components to the company’s supply chain.  Accounting practices that have evolved through the industrial revolution remain an age behind the capabilities that are now available.
 
Join us for a free webinar and join the conversation as they connect the dots from high-level business goals straight through to the heartbeat of the operations and processes of any company.
 
Tuesday, April 9th at 1pm
30 minute webinar with 15 minute Q&A at the end
Register here –
 

Hidden Link in Supply Chain Webinar – Registration

Acumatica Financials Overview Webinar with Software Solutions Group

Join us for a free webinar on leading new Acumatica cloud ERP and financial management software.

 

Wednesday, March 6th at 10:00am

30 minute webinar with 15 minute Q&A afterwards

 
Register Here:
SSG Acumatica Financials Webinar
 
Benefits of Acumatica:

  • Dashboards, drilldown feature allows for quick access to KPIs
  • Robust AR, AP, Budgeting components
  • Versatile chart of accounts/segmentation features
  • Robust reporting
  • Full bread crumb trail of all transactions
  • Simple, yet powerful user Interface
  • Intercompany Transactions
  • Deferred Revenue

 
Key Acumatica Benefits include Unlimited User Pricing, Access from Anywhere on Any Device and On-premise or Cloud environment.