Setting up the Accounts Payable module in Dynamics GP is straight forward. There are a few areas you will want to make sure meet your business requirements:
- You can set up aging periods as you wish, using up to 7 buckets. You can always change these in the future if you want.
- Make sure that the control over duplicate invoice entry is set up the way your want.
- It’s also a good point at which to set up Vendor Classes. These help with reporting/inquiry, and new vendor entry.
This video shows the minimum accounts payable setup for a new GP company: http://youtu.be/tkZ6lUgTJuU