This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Remove Fully applied Multicurrency documents from PM HATB Financial enhancement.

For those of you working with different currencies we all know that seeing fully applied Multicurrency documents on the PM HATB can create a much longer report than necessary. With the new release of GP you will now have the ability to remove fully applied Multicurrency documents from your Payables Historical Aged Trial Balance making it easier to focus just on those documents that are outstanding.

In example below I have a customer with and invoice and payment that went through a revalue and are now fully applied. They do not show on the PM HATB where in previous versions they would have appeared on the report.

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Import Credit Card Transactions Financial enhancement.

Importing a credit card statement to a vendor account in Dynamics GP makes it fast and easy to enter invoice transactions. Users can import the credit card transactions as payable invoices or manual payments. Using the import functionality helps reduce the chances of data entry errors and brings invoices for a vendor into a batch.

The imported transactions must be saved as a batch and appropriate distributions must be created for each transaction.

Once the transactions import process is completed, a report will print with a list of transactions and status of the transactions.

An example of how this will work is; a company gets their credit card statement electronically or they can download the transactions to a qbo/qfo/qfx file locally. This allows the user to bring that data into Microsoft Dynamics GP and generate invoices for the credit card that is setup as a vendor within the Dynamics GP system.

Vendor Mapping and Transaction Type mapping setup needs to be completed before the functionality will work.

NOTE: Only debit type transactions will be brought in with the import. Credit type transactions will still need to be manually entered.

Table Changes: There are two new tables:

• PMVendorMapCreditCardSetup – PM40107 with two fields OriginText and VENDORID
• PMCreditCardAccountSetup – PM40108 — 3 fields CreditCardTrxType, ACTINDX, ACTNUMBR

In the Payable Management Setup window (Purchasign area page » Setup » Payables); two buttons have been added: Vendor Map and Trx Type Map:

Continue reading “Microsoft Dynamics GP Fall 2020 Release New Features: Import Credit Card Transactions”

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Copy and Paste Purchasing Transactions and Distributions Financial enhancement.

This new feature allows users to create purchase transactions, including distributions, in an Excel workbook and paste them into the Payables Transaction entry window in Dynamics GP. It will work in both the Dynamics GP desktop and web clients.

The pasting of the transaction and the distributions are done separately from different Excel worksheets. The worksheet must have all of the required fields in a specific order to paste successfully; amount fields need to have a value, but can be set to 0.

The required fields are:

• Description
• Purchases
• Trade Discount
• Freight Misc.
• Document Number
• P.O. Number
• Cash – if the cash field has an amount, the Payables Cash Entry window will automatically open after clicking the “Paste” button.

Continue reading “Microsoft Dynamics GP Fall 2020 Release New Features: Copy and Paste Purchasing Transactions and Distributions”

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Match Excel Copy/Paste Decimals Places to Currency Setup Financial enhancement.

With this new feature, Dynamics GP now recognizes the Excel copy/paste Decimal/Thousand separators in the Currency Setup window which will eliminate rounding issues that can be almost impossible to find.

This update will use the decimal places defined in the Currency Setup window (Administration area page » Setup » Currency) during the paste of data from Excel:

This was a problem as with the Excel Paste feature, the data is imported directly into the SQL tables rather than going through theDynamics GP front-end and did not check the Currency Setup to determine the correct number of decimals.

This change will be welcomed by a number of clients who have run into this problem when pasting journals.

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Additional User Defined field in General Ledger Transaction Entry Financial enhancement.

This feature sees two new user-defined fields added to the Transaction Entry and supporting windows and fields.

User Define labels for the user defined fields are at the bottom of the General Ledger Setup window (Financial area page » Setup » General Ledger):

Continue reading “Microsoft Dynamics GP Fall 2020 Release New Features: Additional User Defined field in General Ledger Transaction Entry”

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the Automate full General Ledger Reconcile Financial enhancement.

This feature means you can now select All to have Dynamics GP reconcile through the years in order from oldest to newest.

In the Reconcile Financial Information window (Financial area page » Utilities » Reconcile), users can now select All for all years to be reconciled in order from the oldest year to newest year. This is a change from the previous functionality where users had to run the reconcile process for each year in turn:

Continue reading “Microsoft Dynamics GP Fall 2020 Release New Features: Automate full General Ledger Reconcile”

This post is part of the Microsoft Dynamics GP Fall 2020 Release New Features series where I am going to echo the posts from the Dynamics GP Support and Services Blog, while adding some commentary, on the new features introduced in the Microsoft Dynamics GP Fall 2020 Release which is now available.

This post is on the 1099-MISC Updates Financial enhancement.

The 1099-MISC form has been revised to meet the IRS regulatory changes for the 2020 tax year. In the Vendor Card point to Options, point to Tax Type: Miscellaneous, point to 1099 Box, click the drop-down menu.
Box 9: Crop insurance proceeds are reported in.
Box 10: Gross proceeds to an attorney are reported in.
Box 12: Section 409A deferrals are reported.
Box 14: Nonqualified deferred compensation income is reported.
Boxes 15, and 17 report state taxes withheld, and amount of income earned in the state, respectively.
Box 7 was moved to the 1099 NEC form as a checkbox Payer made Direct Sales of $5,000 or more, etc.
Box 16 the state number is not a currency field and it is available at the header level of the 1099 details window. Therefore, the data entered in the header will be shown in the form.