Microsoft Dynamic GP Outstanding Transactions in Bank Reconciliation

The Outstanding Transactions Report in Microsoft Dynamics GP Bank Reconciliation is a report worthy of attention.  Although almost every posting report in GP can be reprinted at a later point in time, this information cannot.

The Outstanding Transactions Report in Microsoft Dynamics GP Bank Reconciliation is a report worthy of attention.  Although almost every posting report in GP can be reprinted at a later point in time, this information cannot.

Originally Posted 05/05/2013

The Outstanding Transactions Report in Microsoft Dynamics GP Bank Reconciliation is a report worthy of attention.  Although almost every posting report in GP can be reprinted at a later point in time, this information cannot.

Items worthy of noting about this report:

    1. This is not a posting Report.  This report is a snapshot of what your system looks like at the time of printing the report.
    2. This report supports the Bank Reconciliation Posting report.  In other words, the Microsoft Dynamics GP report that explains the difference between what the bank says you have and what GP says you have.  But the Reconciliation report only shows the differences in Summary, so the GP Outstanding Transaction report shows the detail AND summarizes so it matches the posting report.
    3. You should always review what is outstanding and old.  I have found all kinds of problems while reviewing this report, such as:
      • Checks written to vendors that the vendor never received.
      • Transactions made incorrectly in GP.
      • Bank Errors.

 

Trust me, this report is WORTHY of printing!

Author: Belinda Allen

Belinda Allen (Microsoft MVP) is both a Microsoft Certified Professional for Dynamics GP (MCP) and a Microsoft Certified Trainer (MCT). She is also the co-founder of Smith & Allen Consulting, Inc. (www.saci.com), a business management software consulting firm for over 24 years. Belinda began implementing ERP systems so long ago that Windows was not an operating system, but an application. Larger businesses used old Main Frames with monitors that were Green and Black and smaller business did accounting by hand. Having seen the evolution that has taken place over the years from pieces of paper to analytics, Belinda still gets excited every time she helps a business improve. Belinda is also well known for her Blog www.BelindaTheGPcsi.com. Her blog is about sharing really useful information about the product quickly and succinctly. She has earned the nickname GP CSI because she excels at reviewing GP problems and figuring what went wrong and why. With followers all over the Globe she is able to share knowledge and achieve her mission: “To Improve the Lives and Business Success of my Followers.” In her time off, Belinda enjoys sailing, woodturning, crochet/knitting, sewing/quilting, reading and playing the ukulele (Belinda often participates in Ukulele Jams in NYC.)

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