GP 2016 – Project Accounting
Posted on: May 6, 2016 | By: Craig Thompson | Microsoft Dynamics GP
As of May 1st, Microsoft has released GP 2016. With the release comes a host of new features and improvements. This post marks the fourth in a series of posts over the next few weeks that will cover these new features.
On September 21st, 2015, Microsoft gave a presentation at reIMAGINE, a convention for people and businesses in the Dynamics GP community, about the new features and improvements that should come with the release of GP 2016. These include, but are not limited to:
- Import/Export SmartLists from Designer
- SmartLists from Favorites
- Power BI Reports on Home Page
- Export numbers to Excel formatted as Numbers
- Budget Import Exception Report
- Workflow Reassignment Notifications
- All-in-One Document View
This post will be covering the improvements made to the Project Accounting.
Project Accounting allows you to keep track of revenues and expenses for a specific project, job, drug, or other work subcategory of your company. It also allows you to group projects together and report on the grouping. Reporting includes both actual and budget figures. The release of GP 2016 will bring improvements to two aspects of Project Accounting: 1) purchase requisition entry and 2) document attachments.
The new purchase requisition entry window will include options to input a Project Number and Cost Category ID.
The addition of this new feature will not hinder the features of purchase requisitions. Requisitions with a Project Number and Cost Category ID can still go through the workflow process. These two fields will also flow through to the purchase order.
The other improvement made to Project Accounting deals with Project Time and Expense (PTE) entry for employees. PTE is a feature that was added to GP 2015 allows users to enter Project Accounting Employee Expenses, and they will flow through the Workflow 2.0 approval workflows that the users create. There is now an option for employees to attach any sort of document, such as receipts, when entering their time for a specific project. As you can see from the two circles below, attachments can be made to both the header and line item detail. These attachments will flow to payables in Project Accounting.
At Logan Consulting, a Chicago based Microsoft Dynamics partner, pride ourselves in bringing customers the latest news from within the Microsoft community. We are dedicated to providing businesses with a customized look at Dynamics GP and tailor make our implementations to fit your organizations needs. To schedule a consultation or set up a demo, contact us here.
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