Tag Archives | credit

With Microsoft Dynamics GP, it is now easier than ever to process credit card transactions and record them instantly into the cloud.

Dynamics GP AR Aging

Having an up to date and accurate accounts receivable aging is essential to exercising control over your outstanding receivables. You have to be able to get to the information on a regular basis or on an immediate basis, when required. you need to have the confidence that the information in the report, whether in hard copy or on-line inquiry format, is accurate. The aging will be the […]

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Purchase to Pay Cycle

The basic purchase to pay cycle can be represented as this image below: Managing the purchase to pay cycle effectively will help you improve your working capital position. These are some of the things you can do to improve your cash cycle: Commit to purchases and delivery dates that match your real requirements. Don’t schedule […]

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Order to Cash Cycle

The basic order to cash cycle can be represented as this image shows: Managing the order to cash cycle effectively helps you improve your working capital position. There are a number of specific areas to focus on that can really improve your cash cycle: Promptly and accurately enter sales orders into your ERP system, and immediately schedule them for fulfillment and […]

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Collections Management in Dynamics GP

One of the most critical areas of your business to manage in order to conserve working capital, is accounts receivable. Having business processes and business tools available that support the timely collection of accounts receivable is very important. The Collections Management module in Dynamics GP can greatly increase the ease and effectiveness of managing accounts receivable. But surprisingly to me, […]

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Define Your Credit Policy and Stick to It

If you extend credit to your customers you need to have a credit policy. A credit policy sets the, “guidelines that spell out how to decide which customers are sold on open account, the exact payment terms, the limits set on outstanding balances and how to deal with delinquent accounts.” (from www.entrepreneur.com) Once established, you […]

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Using Collections Management in Dynamics GP

The Collections Management module in Dynamics GP is not widely used, and that is perplexing. The Collections Management module can assist you in managing your accounts receivable, to improve cash flow and reduce delinquent accounts. The module includes features that allow you to easily and quickly respond to your customers’ requests, and to document your […]

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