Credit Card Cost Management In Microsoft Dynamics Gp

Cost management is a important function in the process of controlling corporate costs. Cost Management Solutions are software package applications that can method, pay, and audit worker initiated costs. These charges generally consist of travel and entertainment expenses, but often may possibly incorporate procurement actions as effectively. Escalating numbers of purchases are corporate credit score card expenditures which in addition need to have to be categorized for GL distribution and reconciled with the personnel employing the credit score cards. Similarly, the price of the card cost evaluation procedure itself demands to be contained. This article discusses how you can import and categorize credit score card bills with in Microsoft Dynamics GP (formerly Fantastic Plains Dynamics) a mid-size to enterprise degree ERP Resolution from Microsoft.

Cost management consists of two processes:
– submission of cost claims by the worker (for example logging a hotel receipt or submitting cell mobile phone records)
– processing of expense claims inside of the accounting or ERP program.

Expense claims submission usually includes an worker completing a paper or spreadsheet-based mostly expense declare, which they then forward along with the relevant tax invoices (receipts) to their manager for approval. After the manager has accepted the claim, it is forwarded to the Accounting Department for processing. The accounting workers keys each and every cost item into the Financial System, assigns the respective expense category (GL Account) and files the claim.

Microsoft Dynamics GP has an Cost Management include-on, eExpense, that offers on the internet cost reporting and submission abilities. It is a feature-wealthy merchandise which can help companies automate their Expense Reporting and submission, but sadly Dynamics GP eExpense does not offer a very good interface for managing the categorization of corporate credit score card expenditures.

Numerous organizations give corporate credit score cards. Managing the categorizing and reconciling of credit card statements at month-finish can be cumbersome and time consuming and might tend to lengthen the closing method.

For this reason Alba Spectrum has made a new module for Dynamics GP that streamlines the credit score card cost workflow. It allows the accounting department to immediately import the credit score card transactions from the financial institution. It then can help the accounting workers to directly allocate purchases to cost categories. Most importantly, it consists of an intranet portal which allows the Worker to assessment their credit cards statements and assign/verify appropriate expense classes. This dramatically minimizes the administrative overhead needed to receive user input to finalize price classes and distributions. A recently extra feature makes it possible for customers to split every single card transaction into multiple price classes.

Alba Spectrum”s Credit Card Expense Manager (CCEM) enables unlimited cost categories. Each expense category is assigned to a GL Account. Immediately after the card transactions are categorized CCEM permits the accounting workers to post them to Common Ledger, making either Financial institution Transaction or Voucher Entries for association with existing vouchers.

CCEM handles integration with the issuing economic institution by way of versatile file import mapping device that makes it possible for the configuration of file formats and import principles. This permits credit score card statement information files to be imported from any institution format.

Credit score Card Expense Manager requires the ache away from importing and processing corporate credit score card transactions. It is a “lifestyle saver” for accounting personnel and tremendously cuts-down the processing time and energy concerned.

If you have queries about Alba”s Credit Card Expense Manager, or require support in implementing or customizing Cost Management in Dynamics GP really feel free to speak to us at Alba Spectrum Corporation (www.albaspectrum.com – 1-866-528-0577 – ).

About Alba Spectrum: Alba Spectrum Corporation (www.albaspectrum.com – 1-866-528-0577 – ) is a Chicago, Illinois based mostly Gold-Licensed Microsoft Dynamics Partner. We specialize in establishing remedies and extensions for Microsoft Dynamics GP (Wonderful Plains Dynamics) in the locations of Technique Integration, Fiscal applications, E-Commerce and Warehouse Management (WMS). We also offer strategic consulting on the use and adaptation of Dynamics GP inside of range of industries. We serve Microsoft Dynamics Consumers and Partners worldwide like United States, Canada, Latin America, Europe, Middle East, Asia & Australia. Local providers are obtainable in Chicago, Naperville, Los Angeles, Irvine, San Diego and Houston.

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16 Responses to “Credit Card Cost Management In Microsoft Dynamics Gp”

  1. Pilar 24 April 2013 at 4:19 am Permalink

    Hello there, I’m someone who desire to learn Microsoft Dynamics. I’m struck with a couple of things:

    1. What’s the product i’m able to choose in Dynamics because it has lot like AX, CRM, NAV, GP etc. I’m essentially an Engineering Graduate and presently being employed as an automation tester using VSTS with fundamental programming understanding in C#. If only to understand, get licensed and switch my career in Microsoft Dynamics. I’m wrongly identified as which dynamics product i’m able to decide to study and may pursue my career inside it.

    2. I found know from Microsoft’s E-learning site that any particular product say for instance we take CRM here and when i learn through “E-learning” it has been split up into various stages like Installation and configuration, focusing on CRM, personalization etc. I’m presently dwelling in Chennai – India, and i wish to learn a particular product at one stretch.

    Can everyone assist me to this riddling out?

  2. Gillian 26 April 2013 at 5:47 pm Permalink

    I wish to learn how to use Microsoft dynamics GP software employed for accounting. Can there be any web site that has free lessons? Thanks

  3. Jalisa 26 April 2013 at 7:40 pm Permalink

    Microsoft Dynamics jobs in most nations

    Dynamics AX Axapta

    Dynamics CRM

    Dynamics GP Great Flatlands

    Dynamics NAV Navision

    Dynamics SL Solomon

    The website :

    http://dynamicscareers.com

  4. Mark 30 April 2013 at 12:19 pm Permalink

    What’s miracle traffic bot for and just what does CRM are a symbol of??

  5. Chet 3 May 2013 at 7:18 pm Permalink

    I have learned about Microsoft Dynamics, particularly, Great Flatlands (GP) and also have always considered applying this into my opportunity to obtain more organized and streamline my company practices. Anybody who’s experienced in this please respond! What are the shops of these items in NY?

  6. Sharolyn 6 May 2013 at 4:15 am Permalink

    Does anybody possess a free great flatlands trial site will be able to visit?

  7. Isreal 9 May 2013 at 3:56 am Permalink

    Has anybody used the program in their job? How’s it, and just how can you compare it to a different accounting program like Quickbooks? Can you recommend it?

  8. Laure 10 May 2013 at 8:32 am Permalink

    Are you aware any source which help me to understand it from the to Z

  9. Augustine 12 May 2013 at 5:55 pm Permalink

    I am searching for a web-based software that can process basic accounting as well as manufacturing information (such as job costing, work in progress, etc). Can anyone make any recommendation? Thanks.

  10. Rayford 15 May 2013 at 7:16 pm Permalink

    does anybody know where i’m able to download a totally free form of microsoft dynamics???

  11. Sal 18 May 2013 at 6:08 pm Permalink

    Can anybody let me know the professionalsOr cons of those 2 software programs. My organization is going to choose from them his or her core financial and purchasers systems and we’re searching for some customers to provide us their opinion. Be a person of either if reacting..

  12. Bess 19 May 2013 at 6:20 pm Permalink

    I installed it, coupled with difficulty running it. It stored giving me the Microsoft Error Report message. After I visit Add/Drop Programs, it just permitted to “Change” it but did not do anything whatsoever after i clicked on it.

  13. Princess 1 June 2013 at 10:50 pm Permalink

    What’s the distinction between Microsoft Dynamics GP and Microsoft Dynamics NAV? Using what I have read online, I do not begin to see the difference. Would you let me know the variations within their features, connects, etc? Thanks!

  14. Sixta 13 June 2013 at 2:57 am Permalink

    a web-based program…

  15. Jaime 19 June 2013 at 7:19 pm Permalink

    it needed it after i attempted to set up microsoft dynamics gp 10.

  16. Geraldo 28 June 2013 at 2:56 pm Permalink

    Need 2 are conscious of any ERP software packages are suitable for Microsoft SQL Server 2008.


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