Dynamics GP Intercompany Module

by | May 14, 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!

0 Comments

Submit a Comment

Your email address will not be published.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

Upcoming Events

june

02jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Conference Room Pilots

03jun10:00 am10:30 amWhy Levridge Grain? Streamlining Sales Contracts

04jun11:00 am12:00 pmConfab With Stoneridge - Livestream - Customer Insights

04jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Dealing with Challenges Mid-Project

09jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Customizations vs Configurations and How You Manage Them

10jun10:00 am11:00 amOn the Job with Dynamics 365 - Manufacturing Buyer

11jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Data Migration - Early and Often

15jun(jun 15)9:00 am16(jun 16)4:00 pmDynamics 365 Finance and Supply Chain Management Training for AX 2012 Developers

16jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Environment Management and Deployments

17jun10:00 am10:30 amWhy Levridge Grain? Best Practices for Managing Load Orders for Grain Processors

17jun12:00 pm1:00 pmMobilizing an efficient, streamlined AP department with AP Automation

17jun2:00 pm3:00 pmGuide for B2B Businesses: Tackling Supply Chain Optimization and Customer Experience Challenges

18jun11:00 am12:00 pmConfab with Stoneridge - Livestream - Enterprise Asset Management and Preventative Maintenance

18jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Testing - Definition and Activities

23jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Training for All

24jun10:00 am11:00 amOn the Job with Dynamics 365 - Manufacturing Production Manager

25jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Going Live

30jun1:00 pm1:30 pmHow to Implement Microsoft Dynamics: Hypercare

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