Erp Systems, Microsoft Dynamics Gp10 And Sap Erp Release 6.0
1957 Words8 Pages
This project is the analysis of two different ERP systems, Microsoft Dynamics GP10 and SAP ERP Release 6.0. More specifically, the comparison of the accounts receivables and reporting functions in both systems are part of this in-depth analysis, concluding with a summery with considerations on the better system for managing the accounts receivables.
More than 41,000 customers throughout the world use Microsoft Dynamics GP 10, which is the software solution discussed in this analysis. Microsoft Dynamics goes beyond basic financials and operations functions, and is a complete Enterprise Resource Planning (ERP) solution. Microsoft thrives on showing their system requires lower implementation and…show more content… The financial connections with customers who use output of the organization are handled through Accounts receivable (AR). This maintains personal accounts of the creditors and maintain various sub-ledgers such as control accounts, payments etc. as a part of General Ledger (GL).
Microsoft Accounts Receivable
For transactions in Receivables Management, you can create assignments and enter transaction dimension codes for the distribution accounts that are linked to an account class. Transactions can be saved with analysis information to a single or recurring batch prior to posting. The analysis information created for transactions in the Analytical Inquiry windows can be displayed. The process of validating transactions with analysis information is also explained. These are the following commands controlled by the account receivables manager.
Microsoft’s system allows for the controls of accounting to be handled in three major work processes:
Posting setup and control, includes information about how to specify posting account numbers for cost categories in project budgets and for fees assigned to projects. Also information about how to create batches for transactions manually, how to modify posting account distributions for transactions, and how to post multiple batches at once are included.
Revenue recognition includes how to create and use revenue recognition cycles to recognize revenue for multiple