Posts Tagged ‘Bank Reconciliation’
Positive 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 MoreElectronic Vendor Payments in Dynamics GP vs. Business Central: The File Format Project or the Export Button-Round 30
Fewer and fewer companies pay their vendors with printed checks. Electronic payments — ACH in the United States, EFT more broadly — are cheaper, faster, and harder to steal out of a mailbox. Both Dynamics GP and Dynamics 365 Business Central can build the payment file your bank wants. The difference is how much work…
Read MoreBank Deposits and Transactions in Dynamics GP vs. Business Central: The Checkbook or the Bank Ledger-Round 29
Every business moves money through the bank all day long: customer checks get deposited, service fees get recorded, funds hop from one account to another. Your ERP needs a home for all of that activity. In Dynamics GP, that home is the checkbook — a separate bank subledger with its own windows and its own…
Read MoreCash Receipts in Dynamics GP vs. Business Central: Apply by Hand or Let the Bank Feed Help-Round 22
Money is coming in. This should be the fun part. A customer paid, and all you have to do is record the check, match it to the right invoices, and move on. We’ve covered how invoices get created (Round 18) and how credits get applied (Round 19). Today: the payment itself. In GP, receiving cash…
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