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 […]
Hi everyone.. One of the most frequent issue we come across is the mismatch between GL and checkbook balance.I stumbled upon a KB article worth sharing .. Check it out. Cheer. Any of the following circumstances may cause a difference between the checkbook balance in Bank Reconciliation and the general ledger cash account. Note For more […]
Hello.. One of very critical issue using Cashbook Bank Management is the voiding of cash receipts.Its bit tricky and would like to share this step-by-step guide on the recommended method. This article explains how to void an ‘AR’ type cash receipt in Cashbook Bank Management using Microsoft Dynamics GP. The cash receipt is listed in […]