GP 2015 New Features - Financials

GP 2015 New Features - Financials

Additional workflow functionality

Workflow in Microsoft Dynamics GP enables you to define approval processes that must be completed before the task or process that's approved can be completed. Each workflow defines how a document "flows" through the system by showing who must approve it, and the conditions under which they must approve it. For Microsoft Dynamics GP 2015, additional workflows have been defined and included in the product by default:
• General Ledger batch approval • Payables batch approval • Vendor approval • Receivables batch approval • Employee skills approval • W4 approval • Project expense report approval

Intercompany enhancements
Information for intercompany transactions is now easier to see and intercompany transaction processing has been changed to provide improve efficiency.
When viewing transactions in the Journal Entry Inquiry window, more complete transaction information is now displayed, including the destination company and the offset accounts that were used.
Intercompany transaction processing has been updated so that if a change is made to a transaction for the originating company, the change is automatically made for all destination companies, as well. For example, if you void an intercompany sale in the originating company, the sale is voided in the destination companies at the same time.

Warning of vendors that have purchase orders
An option has been added to the Payables Management Setup window that displays a warning that open purchase orders exist in the system before the transaction can be saved or posted. The warning displays when entering a payables transaction to help prevent entries in the wrong module.
The option, Warn if Vendor has existing purchase order, has been added to the Payables Management Setup window. If this option is marked, the system will check for open purchase orders for a vendor when you select to save or post that transaction for the same vendor in the Payables Transaction Entry window.


Fixed Assets year-end close report
An optional report is now available when you close a year in Fixed Assets. The assets that are included on the report are categorized by asset book and are listed according to their asset IDs. The report also lists the current fiscal year for each asset book, as well as any adjustments that were made to the assets during the process of closing the year.

Void Intercompany Transactions

In Microsoft Dynamics GP 2015, users will have the ability to void an intercompany journal entry, including entries posted in destination companies, by voiding the original entry in the originating company. This eliminates the need to void an entry in both the originating company, and individually in each destination company as separate steps.

When the user voids the entry in the originating company, intercompany entries are also created automatically in destination companies to void the original intercompany entries.

Payment Terms – Discount Date Calculation

With the changes for the transaction due date, we’ve extended the options for the discount date also in Microsoft Dynamics GP2015.

Now you have the same calculation options for discount date that you do for transaction due date. You choose among calculation options like annual, next month or month/date and being able to add days, months, or years to the calculation gives you greater flexibility when setting up your payment terms.

The ability to calculate an example when you are creating the payment term gives you greater flexibility and quicker verification of the option you want.

Payment Terms – Transaction Calculation

In Microsoft Dynamics GP 2015 you now have greater flexibility to configure payment terms for the transaction due date.

A new selection was added to calculate the transaction due date from the transaction date or from the discount date. Additional calculation options like annual or month/date and being able to add days or months to the calculation gives you greater flexibility when setting up your payment terms.

The ability to calculate an example when you are creating the payment term gives you greater flexibility and quicker verification of the option you want