For legal and tax purposes, Microsoft Dynamics GP users are often required to setup and segregate multiple companies into separate Dynamics GP company databases. But what if all or most companies have trading relationships with the same vendor? What if all cash payments are processed from one centralized bank account?
By leveraging Intercompany Postings (ICP) from Nolan Business Solutions, Microsoft Dynamics GP users gain the flexibility of processing AP invoices and payments in one GP company, automate the distribution of expense amounts to other company databases and automatically balance Due To/From accounts between those companies.
Key features of the product include:
With these features, ICP from Nolan Business Solution is the product you are looking for to initiate the centralization of your account payable process into one company database while distributing expense amounts across multiple companies.
By Carole D’Arcy, Senior Consultant with Nolan Business Solutions, an International Microsoft Dynamics
GP ISV and NetSuite Provider.