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Dynamics GP – Cashbook Bank Management (CBM) vs. Electronic Bank Management (EBM) vs. Bank Reconciliation (BR)

I have been doing a fair bit of explanation around Cashbook Management and Bank Reconciliation modules in GP over the past few weeks. I found the explanation from Brian Wick below was pretty good. To add on to his excellent explanation – here are a few additional items –

Cashbook Management –

  • Cashbook has support for more Multicurrency transactions. They can do bank transfers in as many as four currencies at the same time for instance whereas Bank Rec allows just two
  • Easier to track Tax with Bank Transactions (However, you should typically be using AR/AP modules in GP and let tax flow from there) . I’ve heard the argument from some customers that they have been told that this is the only way to track tax when accounting for GST or VAT. That is NOT correct! 
  • Support for more transaction types such as GL Checks and RM Checks with don’t really have a counterpart in the Ban Rec product
  • No eConnect Import Interface

Bank Reconciliation

  • More commonly Used, better and easier to support 
  • Works well and meets most requirements other than the 4 currency bank transfer requirement discussed above.
  • Has eConnect Import Interface

Cashbook Bank Management (CBM) vs. Electronic Bank Management (EBM) vs. Bank Reconciliation (BR)

(Bank Management (BM) refers to both CBM and EBM)

The major difference between Bank Management and the Bank Reconciliation is that the Bank Reconciliation receives most of it transactions from other modules. Debtors and creditors cash transactions are captured in RM and PM and Bank Reconciliation is updated accordingly.

You can capture all your cash transactions in Bank Management and RM, PM and GL will be updated accordingly. The windows updated in Great Plains are RM Cash Receipts, RM Transaction Entry (payments to debtors), PM Manual Payments, PM Transaction Entry (receipts from creditors) and GL General Entry.

However in the CBM transactions captured in PM transaction entry, RM transaction entry, SOP, invoicing and PM computer cheques also update CBM in the same way that Bank Reconciliation is updated.

The reconcile functions in CBM and Bank Reconciliation are very similar so the major difference between CBM and Bank Reconciliation is that Bank Reconciliation receives transactions from other modules and Bank Management is a single point of entry for all cash transactions. All other differences are in functionality: Batch processing, full multicurrency, Electronic Reconcile Management (Auto Bank Recon), Intercompany Payments and Deposits, Intercompany many to many Bank Transfers, Payments to Debtors and Receipts to Creditors ext.

The difference between the CBM/Bank Reconcile and EBM is due to the fact that in EBM you do not have any source documents (Cheque counterfoils, Deposit slips ext.) as 90% of the transactions are done via electronic transfer. So the first time we find out about a transaction is when it appears on the bank statement.

In CBM and Bank Reconciliation we capture our transactions from source documents (Cheque counterfoils and deposit slips) and then reconcile the transactions that are on the bank statement to the transactions that we have already captured.

In EBM we capture our transactions from the bank statement and then post the transactions to RM, PM and GL. As the source document is the bank statement there is no need to do a separate reconcile so the post and the reconcile is one process.

In EBM we do however allow for transaction that originate form counterfoils and deposit slips. When this happens the user will capture these transactions in RM and PM but instead of posting to the Bank Account the transactions will post to a Holding account. When the transactions appear on the Bank Statement they will be captured as normal and then matched to the original transactions in the Holding Account. Regardless of the type of the transaction (GL, AP or AR) EBM will create GL transactions moving the money from the Holding account to the Bank Account. Thus the Bank Account will only be affected by transactions that have appeared on a bank statement. By doing this the Bank Account will always have a true balance.

So the difference between CBM/Bank Reconcile and EBM is that CBM/Bank Reconcile are driven by source documents and EBM is driven by the Bank Statement.



Best regards,
Brian Wick
Partner Online Technical Community

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Dynamics GP – Cashbook Bank Management (CBM) vs. Electronic Bank Management (EBM) vs. Bank Reconciliation (BR)

July 23, 2015 · Jivtesh Singh · No Comments
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Changing themes in Microsoft Dynamics CRM 2015

Hi Folks, Hope you have explored the new options available in CRM 2015. One of the coolest features is changing the themes and the logo. This post will help you to quickly understand how to change the themes in CRM online: Navigate to Settings – Customizations.

View the original here:
Changing themes in Microsoft Dynamics CRM 2015

June 25, 2015 · turlapativishnu · No Comments
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Kinect 2 Tutorial on Tracking Strategies

Microsoft has published a set of great tutorials for making applications with Kinect 2. http://kinect.github.io/tutorial/ These detailed hands on Lab/Tutorials for V2 were published last month.

I highly recommend the tutorial on tracking strategies – for keeping the application accurate when multiple people are in the room.

http://kinect.github.io/tutorial/lab14/index.html

This lab will explain the following:

Tracking a user who is the first to be seen.
Tracking the user who is the closest to the Kinect 2.
Tracking a user who is the most active in the scene.
Tracking several people simultaneously.

Originally posted here:
Kinect 2 Tutorial on Tracking Strategies

April 8, 2015 · Jivtesh Singh · No Comments
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Mahmoud Al Saadi – Dynamics GP MVP!!

 

I am proud to inform you that my colleague “Mahmoud M. Al Saadi” is now Dynamics GP MVP!

Well deserved and well expected!


Regards,


Mohammad R. Daoud MVP – MCT
MCP, MCBMSP, MCTS, MCBMSS
+962 – 79 – 999 65 85
me@mohdaoud.com
http://www.di.jo

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Mahmoud Al Saadi – Dynamics GP MVP!!

April 1, 2015 ·  · No Comments
Tags: , , , , , , , , , , ,  · Posted in: Blogs I Follow Total Views: 92

GP 2015 R2–What’s coming and GP’s roadmap

With Convergence all wrapped up – David Musgrave has started his series of posts
covering his experience at his
blog
. A couple of slides from the general session are worth checking out if
you haven’t seen them already. One of the exciting things on the roadmap is the
HTML5 Web client on the roadmap for R3.

Continue Reading:
GP 2015 R2–What’s coming and GP’s roadmap

March 31, 2015 · Jivtesh Singh · No Comments
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Chance to Fix a Bad Name

David Musgrave has just announced that he has completed the exclusive agreement with Microsoft to obtain the Support Debugging Tool source code.

He’s now looking at community feedback to fix the horrible name which always took a few tries to explain to people. “Why do I need a debugging tool ?” – most people I recommended the tool to asked me.

Go Vote for a new name that makes sense here – Where is the Support Debugging Tool for Microsoft Dynamics GP 2015?

PS – It was a good thing the tool was named the support debugging tool. With a slightly better name, and consequently even more popularity David would have had much more difficulty getting the source code !

More here:
Chance to Fix a Bad Name

March 11, 2015 · Jivtesh Singh · No Comments
Tags: , , , , , , , ,  · Posted in: Blogs I Follow Total Views: 82

Setting up Dynamics GP 2015 in 15 minutes

In the past year, I have done a few run throughs of setting up Dynamics GP 2013 in 5/10/15 minutes much to the amazement of experienced consultants. Now The GP 2015 Virtual Machine is available in the MSDN Azure gallery, so you can start doing the same magic with the latest version of GP. If you need help with this, feel free to add a comment or shoot an email and I will put up a short video tutorial.

Read the post from Errol – Announcing, Microsoft Dynamics GP 2015 image available in the MSDN Azure gallery.

Do you need to access a Microsoft Dynamics GP web client installation for a quick test or demo? Need access to a Microsoft Dynamics GP development environment? The Microsoft Dynamics GP images available in the MSDN gallery on Microsoft Azure can help. Use this image to create a virtual machine with Microsoft Dynamics GP fully configured in a matter of a few minutes. The resulting image will contain Visual Studio 2013 Premium and SQL Server 2012 Express along with the following Microsoft Dynamics GP components.

    • Microsoft Dynamics GP
    • Microsoft Dynamics GP Web Client
    • Microsoft Dynamics GP SDK
    • Dexterity for Microsoft Dynamics GP
    • Dexterity Shared Components
    • eConnect for Microsoft Dynamics GP
    • Visual Studio Tools for Microsoft Dynamics GP
    • Web Services for Microsoft Dynamics GP
    • Web Services for Microsoft Dynamics GP SDK
    • Microsoft Dynamics GP pre-requisite software (including Microsoft Lync 2010 SDK Runtime, Microsoft Silverlight 5, Open XML SDK 2.0 for Microsoft Office and Microsoft Application Error Reporting)

See more here:
Setting up Dynamics GP 2015 in 15 minutes

February 21, 2015 · Jivtesh Singh · No Comments
Tags: , , , , , , ,  · Posted in: Blogs I Follow Total Views: 146