From the Microsoft Dynamics GP Blogs: Correct an entry; Fixed assets; SmartList; Permissions errors

May 17 2019

In this week's Microsoft Dynamics GP blog roundup:

  • Dynamics GP: How do you correct an entry that is already posted? 
  • Analytical accounting in GP for fixed assets
  • SmartList stuck on My Reports pane
  • Troubleshooting security permissions error messages in GP

Dynamics GP: How do you correct an entry that is already posted? 

On the ERP SoftwareBlog, an author from Crestwood Associates examined options other than voiding or altering an entry that has been posted in the general ledger. Instead, you are allowed to post a new entry to replace the one that is incorrect.

In the blog post, the author stated that Dynamics GP enables you to use "back out" or "back out and correct entries" functions. He then explained how to use those functions.

To use, click on the Correct button in the General Ledger Transaction window. But, if the entry was one from a subsidiary ledger, such as the Payables Transaction Entry, it is necessary to set the General Ledger Setup option first so that you can correct or void the subsidiary transactions.

You can find out how to do that here.

Analytical accounting in GP for fixed assets

On the Encore blog, Rudy Balasabas wrote about the fact that you can use analytical accounting in Dynamics GP with the fixed assets module – a feature that’s not widely known.

Balasabas stated that several clients wanted to know how to attach depreciation expenses to analytical accounting codes. Dynamics GP lets you do this.

The end result will be that when you do any type of fixed assets transaction (i.e., depreciation, additions, disposals) it records the GL transaction as normal, and then it will also code the transaction to the AA dimension code attached to the asset.

You can learn how to add analytical accounting  dimension codes to your assets here.

SmartList stuck on My Reports pane

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