Dynamics GP Intercompany Module

by | Updated May 28, 2020 | Dynamics GP

Microsoft Dynamics GP was created with small to mid-sized businesses in mind with scalability to continue growing as your business does. Many SMB (small to Mid-Sized Businesses) organizations are comprised of multiple entities, each with their own unique chart of accounts. Taking organizational growth into consideration, the developers at Microsoft have continuously added functionality to Dynamics GP to enhance daily procedures, and make your business more efficient.

Intercompany Processing not only allows users the ability to eliminate tedious duplicate transaction entry, minimize clerical errors but saves staff countless hours, enabling them to continue on to other important tasks.

What does Intercompany Processing in Dynamics GP Do?

Intercompany Processing in Dynamics GP allows users to easily exchange transactions between companies in your organization. This feature provides unlimited flexibility in defining intercompany relationships by means of ‘due to’ and ‘due from’ accounts. Unlimited account distribution breakouts streamline the process of managing complex intercompany transactions. This capability is also extended to fixed and variable allocations.

Intercompany Processing gives you a high level of transaction control. Transactions between companies can be either single-use or recurring, allowing for periodic intercompany transaction processing. When intercompany transactions are posted, the ‘due to/due from’ transactions are automatically generated, saving time and keystrokes. Intercompany transactions posted to the destination company appear in the destination company’s journal entry area for review before posting through to General Ledger.

With its comprehensive inquiry system, GP intercompany will allow you to trace transactions back to their origins in seconds, even across companies. The system provides solid audit support by including with each transaction an originating audit trail code, journal entry number, and company ID.

Are there other features of Dynamics GP you aren’t currently taking advantage of or would like to know more about? Let us know!

Related Posts

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Upcoming Events

september

02sep10:00 am10:30 amThe Modern Manufacturer - Cycle Count Management

02sep12:00 pm12:30 pmBest Practices for Work Order Planning and Routing for Field Service Companies

09sep10:00 am11:00 amWhat is Levridge? An Overview of the Ultimate Ag Solution

09sep12:00 pm12:30 pmOverview of Microsoft Promotion for NAV and GP Clients

10sep11:00 am12:00 pmConfab with Stoneridge - Livestream - Field Service Comparisons

16sep10:00 am10:30 amThe Modern Manufacturer - Product Lifecycle Management

16sep12:00 pm12:30 pmHow to Upgrade to Dynamics 365 Finance and Operations: Examining Custom Code and ISV Implications

16sep2:00 pm2:30 pmScheduling and Dispatching for the Modern Field Service Company

23sep12:00 pm1:00 pmDynamics 365 Business Central Wave 2 Release Preview - An Overview of the Most Exciting New Features Coming in October

24sep11:00 am12:00 pmConfab with Stoneridge - Livestream - The Modern Workplace: Teams, Sharepoint, Outlook, Office, and AI Integration

30sep10:00 am10:30 amThe Modern Manufacturer - Return Management

30sep12:00 pm12:30 pmEmpowering Your Field Service Technicians with a Mobile Solution

october

07oct12:00 pm1:00 pmThe Three Paths to Business Central from Dynamics GP

08oct11:00 am12:00 pmConfab with Stoneridge - Livestream - The Vision and Strategy of Microsoft Business Systems

14oct10:00 am10:30 amThe Modern Manufacturer - Complex Cost Modeling

14oct12:00 pm12:30 pmGenerating Custom Inspection or Process Forms

19octAll Day22Stoneridge Connect Fall 2020

22oct11:00 am12:00 pmConfab with Stoneridge - Livestream - Stoneridge Connect Recap

28oct10:00 am10:30 amThe Modern Manufacturer - Engineering Change Orders

About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X