September 16, 2010

GPTip42day - Using the Miscellaneous field on SOP transactions to recapture Credit Card fees

Business case  - the user needed a way to invoice customer for fees the user incurred as a result of receiving a credit card payment from the customer, without including the fee as a line item on the invoice.

Solution - use the Miscellaneous field on the transaction (this works regardless of whether you're using Sales Order Transaction Entry, Invoice Entry, or Transaction Entry) to invoice the fee to the customer.

Sales>Sales Transaction Entry

* click on image to enlarge

In Posting Account Setup, Series = Sales, set the account on the Miscellaneous line to be a revenue account, or whatever account you find appropriate, so the distribution occurs automatically.

September 7, 2010

GPTip42day - Multiple Project WIP Accounts

From the GP Forums comes the question - 'Can I setup multiple WIP accounts in Project Accounting?'  The answer is Yes.  Because the WIP account is specified in Cost Categories, you can setup multiple WIP accounts as long as you setup Cost Categories that are specific to the  projects you want to track per each WIP account.