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From the Microsoft Dynamics GP Blogs: Calculate federal tax; Segmented chart of accounts; Unmatched transactions; Error in utilities

by MSDW Reporter
Editorial Team,

In this week’s Dynamics GP blog roundup:

  • How to calculate federal tax with dependent claim amount
  • Segmented chart of accounts in Dynamics GP
  • Find unmatched transactions in GP using reconcile to GL
  • 'Problem ascertaining version information' error when installing or upgrading Microsoft Dynamics GP

How to calculate federal tax with dependent claim amount

On the Dynamics GP Support and Services Blog, Margi Jandro, a support engineer for Microsoft Dynamics GP, answered a question the team frequently receives about whether Dynamics GP calculates federal tax correctly. 

Jandro demonstrated how Dynamics GP calculates federal tax with dependent claim amount, offering a particular scenario, which she stated you may use as a guideline to help you back into your specific calculation needs.

The scenario Jandro used was for an individual with a federal filing status of head of household with a higher federal withholding, doesn't claim any exemptions, and doesn't have any tax-sheltered deductions. In her blog post, Jandro explained in detail how to perform the calculations. 

Segmented chart of accounts in Dynamics GP

On the Encore Business Solutions blog Carol Steinke wrote that the segmented chart of accounts is a useful and powerful feature of Dynamics GP. However, she noted that there are several counterintuitive details that can confuse new and even experienced users when they try to perform an unfamiliar task.

In her blog post, Steinke discussed some fundamentals ...

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