Dynamics GP 2010 (Receivables Management) Negative Cash Receipts

Posted Wednesday, February 24th, 2010

More New features in Dynamics GP 2010.  Receivables Management allows you to enter “Negative Cash Receipts.” 

This could be useful for those who encounter the need to process Customer Charge Backs.

In the example below open the Cash Receipts window (Transactions>>Sales>>Cash Receipts).  Select the customer information and when you arrive at the amount field type in negative the amount. 

RM Neg Cash RCPT 1

On the apply window below circled is the orginal invoice before any amount is applied.

RM Neg Cash RCPT 2

On the apply window below circled is the orginal invoice after the amount is applied.  You will see the “Amount Remaining” field increase.

RM Neg Cash RCPT 3

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Posted in Dynamics GP, Sales

Amy Walsh

Amy Walsh

Amy Walsh is a consultant with I.B.I.S., Inc. and Microsoft Certified Business Management Solutions Professional.  She is a graduate of Mercer University with a concentration in Accounting and Finance.  She has over 15 years experience working with domestic and international enterprises ranging from start-up to established global B2B companies.    
 With her background in accounting / finance alongside working with Microsoft Dynamics GP as both end user and consultant allowed her articulate connectivity into the world of Microsoft Dynamics GP.  Her goal is to help businesses succeed in their endeavors through process streamlining, education and finding the right ERP solution. 

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6 Responses to “Dynamics GP 2010 (Receivables Management) Negative Cash Receipts”

  1. Valuable Internet Information » Dynamics GP 2010 (Receivables Management) Negative Cash Receipts … says:
    February 25, 2010 at 11:21 am

    [...] Here is the original post: Dynamics GP 2010 (Receivables Management) Negative Cash Receipts … [...]

  2. Negative Cash Receipts in GP 2010 - DynamicAccounting.net says:
    February 25, 2010 at 12:02 pm

    [...] Walsh has a look at the new Negative Cash Receipts feature coming in Dynamics GP 2010 up now at DynamicsCare. Published: Thursday, [...]

  3. Adeeb says:
    November 7, 2010 at 2:08 am

    hi

    Regarding negative Cash Receipts, can you tell me if this will work when i create negative cash recepits using eConnect compents?
    Becouse eConnect will through exception saying that document amount must be greater than or equal to zero

    thanks..
    Adeeb

  4. Amy Walsh says:
    November 29, 2010 at 7:35 pm

    Hi Adeeb,
    I have not tried to send a negative cash receipt through econnect but looks like you found your answer if the exception amount has to be greater than or = 0

  5. Sunbeam says:
    March 14, 2011 at 3:42 am

    Hi Amy,
    I tried to apply negative cash receipts to an invoice, but I got an error.
    “you may not over apply the document” any ideas? thanks

  6. Mani says:
    March 16, 2011 at 1:29 am

    Hi Amy, can you describe also how to apply negative cash receipts on negative sales invoices.
    thanks

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