Posts Tagged ‘accounts payable’
Prepayments in Dynamics GP vs. Business Central: Record the Money or Invoice the Deposit-Round 35
Deposits are everywhere in business. A customer wants custom work? You ask for money up front. A vendor has a long lead time? They want a check before they start. The question is how your ERP handles that money between the day it moves and the day the real invoice posts. Welcome to Round 35…
Read MoreIntercompany Transactions in Dynamics GP vs. Business Central: Log Into Every Company or Check the Inbox-Round 33
Run more than one company, and sooner or later one of them pays a bill that belongs to another. The holding company covers the insurance. The parent buys the software licenses everyone uses. Every one of those transactions has to hit two sets of books, stay in balance, and be traceable later. That’s intercompany accounting…
Read MorePositive Pay in Dynamics GP vs. Business Central: Build the File or Pick the Format-Round 31
Check fraud never went away. Someone gets hold of your account number, prints a convincing check, and cashes it before anyone notices. Positive pay is the banking industry’s answer: you send your bank a list of every check you issued — number, amount, payee — and the bank refuses to clear anything that isn’t on…
Read MoreVendor Setup in Dynamics GP vs. Business Central: Five Windows or One Card-Round 13
Every purchase order, receipt, invoice, credit memo, and return we’ve covered in this series starts in the same place: a vendor record. Get vendor setup right and the rest of payables mostly runs itself. Get it wrong and you’ll be fixing posting accounts and payment terms one transaction at a time. We’ve spent five rounds…
Read MorePurchase Returns in Dynamics GP vs. Business Central: Four Return Types or One Smart Order-Round 12
The box is wrong. Damaged in transit, the wrong model, or twice what you ordered — either way, it’s going back to the vendor. Now your ERP has to undo a receipt, maybe undo an invoice, get the goods out of inventory at the right cost, and make sure the vendor’s credit actually shows up.…
Read MorePurchase Credit Memos in Dynamics GP vs. Business Central: Typing the Credit vs. Copying the Invoice-Round 11
Sometimes the vendor owes you. A case of damaged goods, a billing mistake, a negotiated discount after the fact — and now there’s a credit memo in your inbox that needs to land in the books, and eventually against an invoice. We’ve spent three rounds paying vendors: entering the order, receiving it, and matching the…
Read MoreInvoicing Purchase Orders in Dynamics GP vs. Business Central: The Three-Way Match, Two Ways-Round 10
Ever wonder how you three way match in Dynamics BC? The goods arrived last week. Now the vendor’s invoice lands in the inbox, and accounts payable has one job: make sure you pay for what you ordered and actually received — no more, no less. Accountants call it the three-way match, and it’s where purchasing…
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