This post is part of the Hands On With Microsoft Dynamics GP 2018 R2 New Features series in which I am going hands on with the new features introduced in Microsoft Dynamics GP 2018 R2 (which was released on the 2nd October). I reblogged the new features as Microsoft announced them along with some commentary of how I thought they would be received by both my clients and I. In this series, I will be hands on with them giving feedback of how well they work in reality.
The first new feature is Monthly Recurring Batches. This feature allows a recurring batch to be created in Payables Management, Receivables Management and Inventory Control.
When creating the batch, after selecting a Frequency of
Monthly, mark the new Use last day of the month; this will change the Posting Date to the last day of the month:
Each time the batch is posted, the Posting Date will be moved forward to the last day of the next month:
As I said when this feature was announced, the module it would be of most use in, is the General Ledger for entry of accruals or repayments. In the three modules it has actually been added to, for my clients at least, it will be of only marginal use.