How to Allocate Inventory to Multiple Bins In GP

Did you know that Microsoft Dynamics GP provides the ability to track inventory quantities in more than one bin location within a site/warehouse?  By default, GP lets you set up one “default” bin per item/site, but if you need more detailed tracking—such as stock spread across aisles, shelves, or zones—you enable Multiple Bins in the Inventory Control module.
 
You can then assign default bins for different types of transactions for each item/site combination.

The Bin Quantity Inquiry window lists all the bins containing quantities for a particular item.

This does add an extra step to each inventory-related type of transaction because GP now must track not just what site an item is in, but also which bin(s) it is stored in. There are certain steps that need to be followed when you enable this feature. 

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Understanding GP’s Multidimensional Analysis Feature

MDA is a feature in Dynamics GP that lets you “tag” transactions with additional “dimensions” for reporting and analysis. 
 
For example, instead of creating a new GL account for every department, region, project, cost center, product line, etc., you can use MDA codes to capture these extra details and keep a streamlined chart of accounts.
 
First you define your MDA Groups and the Codes that will be used within each group.

Next, you link your MDA groups to G/L accounts. You can indicate whether you would also like to track quantities (in addition to dollars). Analysis Types are Fixed, Required, Optional or None. You can enter default percentages to be applied to transaction distributions for each code, which can be overwritten in the transaction. A single G/L account can have multiple MDA groups assigned.

When a G/L account, that has MDA groups assigned, is used in a transaction, the Account Analysis button becomes available (circled below).

Click on the Account Analysis button to open the Analysis Posting Detail window where you can distribute the transaction amount to MDA codes.

MDA transaction history can be viewed in the Account Analysis report, Analysis Inquiry window and in SmartLists.

MDA codes can be used in the following transaction types:

• General Journal Entry
• Payables Transaction Entry
• PO Receiving
• PO Invoice Entry
• Receivables Transaction Entry
• Sales Invoicing
• Sales Transaction Entry

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Sales Order Deposits and Down Payments in GP

In this article we discuss how to handle sales order deposits and down payments in GP.

Use the Amount Received field in a Sales Order to record a customer deposit/down payment.
 
You will first need to assign a default Deposits Received account by going to Microsoft Dynamics GP > Tools > Setup > Posting > Posting Accounts.  Change the Display to Sales.

In Sales Transaction Entry, enter the deposit amount in the Amount Received field.

When you tab off the Amount Received field, the Sales Payment Entry window will open. Select a payment Type and a Checkbook ID. The Check Number field will be available for the “Check Deposit” type.

When you save the sales order, and close the Sales Transaction Entry window, a journal entry will be created to debit cash and credit customer deposits. This payment will then appear in the Bank Deposits Entry window to be included on a deposit.

When the order gets transferred to an invoice, and posted, the customer deposits GL account will be debited in the amount of the payment. The amount that debits Accounts Receivable will be the document total amount less the deposit amount received.

The sales order and invoice documents can be modified to display the payment received as shown in the example below.

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GP Tip: Editing an A/P Transaction After Posting

Did you know that Dynamics GP allows you to edit certain fields after an AP transaction has been posted? You can do so by going to Purchasing > Transactions > Edit Transaction Information.  Select a Vendor ID and a Document Number.

The following fields are available to be changed:  Remit-To ID, Discount Date, Due Date, P.O. Number and Description.

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Creating a List of Unreconciled Bank Transactions in Dynamics GP?

Here is an easy way to create a SmartList of unreconciled Bank Transactions. Go to Microsoft Dynamics GP > SmartList. In SmartList, navigate to Financial > Bank Transactions. Select the option with the asterisk.

Click on Columns and then the add button to add the columns that you would like to appear in the SmartList. Click OK when you are finished.

Next, click on the Search icon. Add the restrictions to the SmartList. Set the checkbook ID equal to your checkbook ID, set Voided equal to no and set Reconciled equal to No. Then click OK.

This will give you the list of unreconciled transactions. Click on Favorites and give your report a name. Then click Add > Add Favorite.

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Have you ever had the need to print a trial balance containing non-sequential account numbers?  Say you would like to see a GL Trial Balance detail for just a couple of main segment account numbers, but do not want to see all the accounts in between. 

Here is an example.  We need to see GL detail for accounts containing 6100 and 6520 as their main segments.  But we do not want to see any other accounts on our report. 

You can create this custom report using the GL Trial Balance and GL Navigation Lists!

1. Go to the Financial page

2. Click on Accounts in the Navigation pane and wait for your accounts to list

3. Click on Add Filter

4. Enter your first filter then click on the down arrow to the right of the second Add Filter and select the “Or” condition

5. Add your second filter then click on the arrow circled below to Apply Filter

6. The filtered account list will appear

7. Select the accounts to be included on the report.  Select all reports by checking the checkbox on the header row.

8. Click on the down arrow under Reports and select Print Trial Balance

9. Choose whether you want to Include Details.  Select the Year then click on Print.

10.  You can save the filter list for future use.  Click on Accounts (read only) at the top of the screen and select Save As

11.   Type in a name and click on OK

12.  The new list will now on the Financial Navigation pane under Accounts

Note:  Navigation lists are available for all GP modules.

That’s it!

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Printing Separate Checks to Vendors, One Check Per Invoice

Have you ever had the need to print separate checks to one vendor, one check per invoice?  GP provides three different options for doing this.

1. If you want to always print one check per invoice for this vendor, go to Vendor Maintenance, select the Vendor, click on Options, and changed the setting highlighted below.

2. If you use the Build Payment Batch window, there is a “One Payment Per” option.  You can select Use Vendor Option, which will look at each vendor’s option shown in method # 1 above.  Or you can select “Invoice”, which will create one payment per invoice (for all vendors in this “Build”).

3. Use different Remit To address IDs in AP invoices.  When you enter an invoice in Payables Transaction Entry, you can change the Remit-To ID.  Each Remit-To ID will receive a separate check.  For example, if you enter three AP invoices for the same vendor, with each invoice containing a different Remit-To ID, then that vendor will receive three checks.

That’s it!

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2024 General Ledger Year-End Closing

Have you run your GL year-end closing routine yet?  Here is a refresher on what this process does.

• Closes all Profit and Loss (P/L) account balances into Retained Earnings account(s)
• Balance Sheet account balances are rolled forward to the new year by having Balance Brought Forward (BBF) entries created. 
• All open General Ledger records (GL20000) are moved to the historical table (GL30000).
• Inactive General Ledger accounts without a balance and no historical transactions are removed if you are not ‘maintaining’ inactive accounts.
• The Year that was just closed is marked as historical.

Even though you have closed the year, you can still post to that year.  GP allows you to post back to the last closed year.  Just be sure your Financial module is open in Fiscal Periods Setup (Microsoft Dynamics GP > Tools > Setup > Company > Fiscal Periods).

GP also allows you to reverse a year-end closing.  When you reverse a historical year, the original Balance Brought Forward (BBF) journal entry gets removed from the system.  Then when the year is re-closed, a new BBF entry is created.  Once the year is re-opened, this allows you to post adjustments in the GL and when ready, you can re-close the year.

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GP Tip: Dynamics GP Posting Setup

Did you ever wonder why you sometimes have batches that need to be posted in the General Ledger even when your posting setup is set to “Post Through General Ledger Files”?   The first “Post Through General Ledger Files” checkbox setting will automatically post transactions assigned to a batch through the General Ledger.   The second “Post Through General Ledger Files” checkbox will automatically post transactions through the General Ledger at the transaction level, meaning transactions will be posted to the GL even if they are not assigned to a batch.

The transaction level Post Through General Ledger Files setting is available on the following posting setup windows:

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GP Tip: How to make customer or vendor info a GL Transaction Smartlist favorite

You can take advantage of Dynamics GP’s Smartlist feature in many ways to save time. Here’s how you can make customer and vendor information a favorite in the GL Transaction Smartlist….

Go to Microsoft Dynamics GP > Smartlist and open Smartlist.  Then click on Account Transactions.

Click on Columns.

Click Add.

Scroll to Originating Master ID.  Hold down CTRL and select Originating Master ID and Originating Master Name.

Then click Ok.

You will then see the Originating Master Id and Originating Master Name displayed on the smartlist.

Save the smartlist by clicking Favorites.  On the Add or Remove Favorites Window give the smartlist a Name and click Add, Add Favorite.

That’s it! Hope this helps.

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