Dynamics GP Partner newsflash: Credit Card Payments entering in Great Plains

December 23, 2017 by  Filed under: Computer 
 

Microsoft Dynamics GP ERP is robust accounting system and software application for mid-size businesses in USA, Canada and English and Spanish speaking countries

In this small publication we would like to give youhighlights to Credit Cards Setup and Credit Cards payments in Dynamics GP.  This publication is the continuation in theseries of our 1099 filing in Great Plains, US Payroll tax update, W-2 and W-3forms printing.  If you are interested inour previous blogs, please make searches in google on Alba Spectrum Dynamics GPnews:

 

1.       CreditCard in Payables Management and Purchase Order Processing modules of DynamicsGP.  If you are paying your vendorinvoices by corporate Credit Card, you are in essence passing payment to CreditCard vendor, such as American Express, Discover or the bank (Visa or MasterCard).  When you pay by credit card youare creating distribution with the same account – typically AP as Cash andAccounts Payable, plus this payment automatically creates Vendor Invoice toAmerican Express, Discover or Bank Vendor. Another option is to create separate vendor invoice for Amex and create,print (or cut) the check from Dynamics GP Great Plains to Amex

 

2.       AcceptingCredit Cards from your customers.  Inthis case you are dealing with check book, where you are depositing either tothe Charge card (specify account number for deposits) or bank card (specifycheck book)

 

 

3.       AdditionalNotes.  This article is not intended foryour IT department or AP or AR people, who are looking for exact instructionson processing credit cards in Dynamics GP Great Plains.  We are reserving the option to call youdirectly and help you out with Dynamics GP credit card processing, please seecontact phone number and email below

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