Microsoft Dynamics GP 2016 – Bank Reconciliation and Project Accounting

Posted on: February 23, 2017 | By: Jim Bertler | Microsoft Dynamics GP

As of December 1^st, 2016, Microsoft has released GP 2016 R2. With the release comes a small collection of new features and improvements. This post will cover a few different improvements and marks the sixth of several in a series of posts over the next several weeks that will cover these new features.

 

On December 1^st, the Microsoft development team sent an email stating the following:

The Microsoft Dynamics GP team is pleased to announce that Microsoft Dynamics GP 2016 R2 has released!   Dynamics GP 2016 R2 continues the great value delivered in previous Dynamics GP releases.  Dynamics GP 2016 R2 includes enhancements to SmartList Designer; Power BI reports available on the home page in web client; key additions to the Project Accounting and Requisitions; and 25+ functionality features prioritized by customers.

 

Thanks to everyone for your efforts, passion and contributions to making Microsoft Dynamics GP 2016 R2 a great success!

 

The first improvement covered in this article deals with the Bank Reconciliation module. There is now a new process for Reconciled Transaction Maintenance in routines. Once a bank account has been reconciled, GP moves the reconciled transactions to the Bank Reconciliation history tables. If you remove history for Bank Reconciliation, you will also remove any reconciled transactions in the history tables. This process change will result in performance improvement with the module.

 

 

The other two improvements discussed in this article are made to the Project Accounting module. One of these enhancements is that line distributions have been added for each transaction. These distributions can be edited at the line-item level. The Project Accounting Trial Balance report will reflect the edited amounts and distributions.

 

 

Another change that was made to Project Accounting was the addition of the Timesheet Status Report.  This report can display the timesheet status, employee ID, document number, employee name, and approver. A user can print this report either by timesheet status or by approver. This report gives users visibility into all timesheets including missing ones.

 

 

 For more information on Dynamics GP 2016 R2, please contact Logan Consulting, your Chicago based Microsoft Certified Gold Partner to schedule a consultation.

 

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