From the Microsoft Dynamics GP Blogs: Electronic reconcile; GL year-end close; Calculate federal tax; Change default printer

In this week's Microsoft Dynamics GP blog roundup:

• Electronic reconcile setup and how to remove a transaction from the electronic reconcile unprocessed data records report
• Steps for a smoother GL year-end close routine in Dynamics GP
• How to calculate federal tax with dependent claim amount
• Changing the default printer

Electronic reconcile setup and how to remove a transaction from the electronic reconcile unprocessed data records report

Writing on the Dynamics GP Support and Services Blog,  Cheryl Waswick explained that using electronic reconcile in Dynamics GP to bring in your bank statement each month and have the system do the matching for you will save a lot time when you need to clear items in Dynamics GP. She noted that the first time you do this you need to configure the fields on your bank statement so the information can be imported into GP. But that's just a one-time thing. She also offered links to knowledge base articles to help you get started, if you're new to this.

For those of you who are currently using electronic reconcile, she answered some frequently asked questions about the process, including exactly what the unprocessed data records report is. Waswick’s goal is to educate users on what the electronic reconcile unprocessed report shows, and what transactions are displayed in the bank reconciliation window.

Steps for a smoother GL year-end close routine in Dynamics GP

Writing on the ERP SoftwareBlog, an author from Blue Moon Industries stated that those of you preparing to close your fiscal year in Dynamics GP by running the general ledger year end close routine might run into a few issues. The author noted that one of the biggest issues in the GL year-end close process is a general ledger account that's setup with the wrong account type. The author explained the methods for resolving this issue after you've run the year-end close routine.

The author stated that, depending on the version of Dynamics GP you're using, you can undo or reverse the year-end close routine, fix the account type in the account maintenance window, and re-run the year end close routine. According to the author, it would better if there was a method to check for accounts that aren't set up correctly before you run the GL year-end close routine. Fortunately, SmartList can help you do just that. In the blog post, the author stated that you can create two SmartList favorites in Dynamics GP and offered step-by-step instructions to do it.

How to calculate federal tax with dependent claim amount

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