Hi, Came across a great article on VAT submission electronically. Check it out.. The UK Electronic VAT100 process involves a sequence of request and response XML’s between Dynamics GP and the HMRC gateway once the user clicks SUBMIT on the VAT Return or VAT daybook Summary report. Here are the steps for each module: VAT […]
Hi, Came across a guide on complete implementation of Fixed Assets in GP and wanted to share. Check it out. Cheers. Feradh Zain. Step 1: Set up Fixed Asset Management before you add any kind of asset information Before you can add any kind of asset information to Fixed Asset Management, you must enter and […]
Hi, With regard to inventory valuation, there are many with doubts on Average Cost calculation. The following calculation will be used to calculate the average cost of an item: (Average Cost x Quantity On hand) + (New Receipt x New Receipt Quantity)/(Quantity On Hand + new receipt quantity) The Average Cost field will be locked in the Item […]