Dynamics GP Setup Basic Steps to Implementation

Dynamics GP Setup Basic Steps to Implementation

Dynamics GP setup requires a few basic steps upfront to make sure that the rest of the implementation moves along smoothly.

These are the basic steps you’ll go through:

This is very basic information about your company. Take a small bit of time to complete address information. This will save future confusion.

The key thing here is to identify your retained earnings account. if you want to close your books annually to multiple retained earnings accounts by segment, select that now.

Add your bank accounts here. It’s worth doing now, because you will be using these several times during your setup. You can add bank address and name information too. Also worth the effort.

This is a good time to setup at least one vendor class. If you setup a vendor class and then assign new vendors to it as the vendors are added to your system, it makes it much easier to manage your vendors.

Make sure you do this. Whether you’re going to use inventory or not, identify at least one segment of your GL account format as an inventory location. Setup at least one site ID. This will make things easier in the future.

You can start entering your account numbers here. But you may want to use Integration Manager to import them. I usually choose to post in detail, but you have an option by account. You will want to select to block input for control accounts used for subsidiary ledgers, e.g. Accounts Payable, Inventory, etc.

Setup your fiscal periods here. You may also want to setup at least one future year as well. You can easily close the future periods to transaction posting in this screen.

Whether you’re going to use Multicurrency or not, it’s worth going to this screen and setting it up. You will avoid receiving annoying warning message if you complete this simple setup.

And finally take a look at this video to give you an idea of how to move around Dynamics GP.

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