Step 6: Dynamics GP Accounts Receivable Management: Creating Customers, Accounts Receivable, Apply Documents, and Cash Receipts
In this section we’ll cover the following:
- Creating Customers
- Reporting & Inquiry
- Applying Documents
- Cash Receipts
- Voiding Transactions
You can easily manage your accounts receivable using Dynamics GP. The basic functionality allows you to track open invoices, apply credits and payments, and send statements.
Once you completed the basic setup of the accounts receivable module, you’ll want to enter you customers into your system. Customers can be added and edited in the Customer Maintenance screen. Navigate to this screen as follows: Cards >> Sales >> Customers.
The required fields on this screen are Customer ID and Address ID. You can use a combination of alphabetic and numeric characters to create a Customer ID. This value uniquely identifies the customer in the system. Many people use alphabetic characters for the first few characters, and then numeric characters at the end to allow for any possible duplications, but it’s up to you.
Every customer needs at least one Address ID. The Address ID is just a name for a particular address. Examples would be: HEADQUARTERS, RECEIVING, DALLAS, NYSALES, etc. Any customer may have an unlimited number of addresses entered in to Dynamics GP.
To learn more about Microsoft Dynamics GP accounts receivable management download the document.