Mark Polino's Blog, page 340

July 21, 2011

Weekly Review: Calculate Tax in the GL

If all the other tax options in Microsoft Dynamics GP aren't enough for you there is another option that is not enabled by default. Users can calculate tax directly in a GL transaction. To use this feature, we first have to turn it on. On the Administration navigation page, under Setup, pick Company, Company and press the options button. (Alternatively, Dynamics GP Menu->Tools->Setup->Company->Company, Options). Check the box marked "Calculate Taxes in General Ledger" then Ok your way out of there.



Now select Financial navigation page and pick General under Transactions, Financial. The GL entry window now has a new button marked "Tax Entry" in the lower left. Clicking this opens up the Tax Entry Window.



The tax entry window is for the whole transaction line, not just the tax. Enter a transaction line account and amount. Select the tax detail. GP will calculate the tax amount. Optionally you can add a distribution reference. Clicking process creates 2 line items in the GL, a transaction line and a corresponding tax line. You still have to add the offset line to make the transaction balance in the GL.


The cool part about this is that you can add tax to just one line of a journal entry and let GP do all the calculations for you.

Originally Posted by Mark at 8/03/2009 09:00:00 AM

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Published on July 21, 2011 06:00

July 20, 2011

Hidden Reporting Tools Rundown | dynamicsgpinsights.com

Writing at Dynamics GP Insights, Christina Phillips digs into Hidden Reporting Tools Rundown.

Specifically she looks briefly at the Letter Writing Assistant and SmartList Export Solutions. Both of those items are well covered in the Microsoft Dynamics GP 2010 Cookbook if you're looking for more information.



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Published on July 20, 2011 07:00

July 19, 2011

DynamicsBlogger: Integration Manager crashes

Janakiram M.P. looks at Integration Manager crashes in a new post. I hate when people rubber neck at an Integration Manager crash.



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Published on July 19, 2011 10:00

The eOne Dynamics GP and CRM Blog: SmartPost on the Shelf

eOne has new product to facilitate automatic posting of transactions in Dynamics GP. Checkout SmartPost on the Shelf for details.



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Published on July 19, 2011 09:00

Six Ways to Stretch Your Payment Terms - Working Capital - CFO.com

CFO.com looks at Six Ways to Stretch Your Payment Terms. For those of you paying attention you'll see that number 4 is accomplished in Dynamics GP using Vendor Priority.



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Published on July 19, 2011 06:00