Topic: ‘Banking’

A few months ago there was this discussion revolving around  Dynamics GP EFT (Electronic Funds Transfer).  The conculsion of this discussion identified a need…a need to create a custom EFT template for Receivables, which unfortunatly is not available in Dynamics GP 10.   Well, readers here it is…but it’s in Dynamics GP 2010. 

(Finance>>Cards>>EFT File Format)

By now you  probably have heard of the Microsoft Dynamics GP Miscellaneous Check window.  A simple  to use window that  looks a little like it is from the QB (QuickBooks)family.  This window is easy to use and  quick for processing a check or multiple checks, however, there are some differences between using this window and using Payables Management to cut a check.  What you should know… Read the rest of this entry »

Have you ever seen Negative Amounts in your Bank Reconciliation window?  They would look something like this…

What may cause negative amounts in the Bank Reconciliation Window? Read the rest of this entry »

We were having an email discussion the other day around what Dynamics GP’s Electronic Bank Reconcile will or won’t reconcile. One of our consultants Amy Walsh had the most complete answer and it sure sounded like a nice blog post so here it is. Thanks Amy!

Electronic Bank Reconcile matches both checks and deposits.  Any other transactions have to be marked off manually.

See excerpt below for transaction type and action.

BAI (Bank Administration Institute) file formats have a number for the transaction code. For example, 100 may be a check. 200 & 300 may be some other type of withdrawal. 400, 500, 600 maybe different types of deposits. The problem with that is, when you go to enter a transaction code you can only enter 1 code for check and 1 code for deposits when in the BAI file their maybe many types of codes. The transaction code is required in the configurator.