GPTip42day - General Ledger enhancements in GP2010

Exclude Inactive Accounts in Accounts Lookup

You can now exclude all inactive account records from the Accounts lookup window.

Clear recurring batch amounts

You can now clear the distribution amounts for all transactions on recurring batches after posting a batch. You can navigate through the distribution lines and enter new amounts for each period.

Combine multiple General Ledger Budgets into a single, Master Budget

You can combine multiple General Ledger budgets into a single, Master Budget, one budget at a time. The Master Budget can be completely new and have its own Budget ID, or it can be one of the original budgets. This feature is helpful when multiple departments in your organization create their own budgets, which must then be consolidated. The new Combine Budgets window simplifies this process.

Create budget transactions
You can now create a transaction directly against a budget. You can view a list of budget transactions, make adjustments, and then update the budget from the list.

Comply with International Financial Reporting Standards (IFRS) requirements

GP2010 now includes features that meet compliance standards for IFRS. You can identify transactions for local GAAP, IFRS, or other accounting purposes, and you can define ledgers for each purpose. You can select one or more ledgers for financial reports and inquiries. Also, you can generate distributions automatically as part of the year-end closing or currency revaluation process.