MDGP 2013 Feature of the Day: Search by Contract in Revenue Recognition

Microsoft Dynamics GPMicrosoft are posting the Microsoft Dynamics GP 2013 Feature of the Day series on the Inside Microsoft Dynamics GP Blog.

The sixtieth feature they’ve announced is Search by Contract in Revenue Recognition.

In Dynamics GP 2013, a new filter by Contract Number field is added to the Contract Revenue Recognition window. You can select a single contract number and view only the un-posted revenue entries for that contract for all periods up to and including the fiscal year and period selected. You can then post the revenue for the single contract.

Contract Revenue Recognition

This new feature is targeted at the following roles:

  • Accounting Manager
  • Controller
  • CFO
  • Customer Service Manager
  • Customer Service Rep

MDGP 2013 Feature of the Day: Consolidate Revenue Recognition to Single GL Entry

Microsoft Dynamics GPMicrosoft are posting the Microsoft Dynamics GP 2013 Feature of the Day series on the Inside Microsoft Dynamics GP Blog.

The fifty seventh feature they’ve announced is Consolidate Revenue Recognition to Single GL Entry.

The contract revenue recognition process creates a General Ledger batch named LIABI which contains the account information from all marked contracts to be posted. Prior to this change, a journal entry was created for each unique contract number. Now, this batch will contain one journal entry consolidating the account information by fiscal period and year, and you will still be able to see the account detail for each contract line within the single transaction.

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