Have you seen the new functionality in Dynamics GP 10.0 relating to reconciling your sub-ledgers to the General Ledger? I remember the days prior to my consulting days here at GSL, when it was my job to find the variance between the sub-ledger and the general ledger. I would scan each and every entry in the control account trying to find the discrepancy. It was very time consuming!
So I was very excited to see that in the release of Dynamics GP 10.0 functionality that makes this process much more efficient! The reconcile process generates a Microsoft Excel spreadsheet that can be used to match transactions in Payables Management or Receivables Management that have been posted to the General Ledger control account. While this process doesn’t generate correcting transactions, if they’re needed, it can help identify transaction discrepancies between balances in General Ledger and the sub-ledgers.
Are there any other time consuming tasks you are performing that perhaps there is functionality available to help? If so, give us a call. We’d be happy to help!
