Microsoft Great Plains is now targeting large and midsize businesses and being matured ERP has advanced, but still very simple in use modules and features: Lockbox Processing for Accounts Receivables, Customer/Vendor Consolidation, Multicurrency etc. We'll try to cover these features in the series of small articles to help decision maker and end user understand the feature and how does it work to make a decision to purchase additional nice modules. In our opinion large corporation, which had to use ERP with rich functionality in the past, doesn't have to do it in our new time. There are few reasons to switch to cheaper ERP, the most important are: database platform reliability improvement ? nowadays MS SQL Server does excellent job and has most of the former instability and maintenance issues resolved. The second reason ? MS Windows server is now close to be considered as a solid rock and you do not have to reboot it on the regular basis to fix all the types of "memory leaks", etc. OK, lets review Lockbox processing:
? Customer Matching. This is rather the question about generic lockbox application ? which basically imports text file, received from your bank and matches them with customer invoices, debit memos and miscellaneous charges. The question typically sounds like this ? in our Great Plains CustomerID is different from bank customer ID. This is right, but each check has Bank Account Number and Bank Routine Number, identifying the customer, all you need to do is ? carefully review first processing and enter this customer info, or open it here: Cards>>Sales>>Lockbox Bank Details ? and next time you get check from this customer ? lockbox will catch and identify it. This is true even in the case of hand written check.
? Invoice Number Matching. This is a bit tricky question, and you can't catch invoice number from hand written check. However when we are talking about large businesses ? these checks have invoices printed. If you bank has so-called Automatic Clearinghouse (ACH) lockbox file format ? it can provide invoice number line if the check is issued by corporate or midsize established business. In the case of ACH header will have prefix 6 and line prefix 4.
? No Invoice Number Matching. This is still OK if you have a lot of small customers with one or few outstanding invoices. In this case ? use autoapply method. You can have variety of apply criteria: None, Document Number (when you have ACH), Due Date/Oldest Document, Due Date/Oldest Invoice (other than invoices you apply manually), Document Date, Specific Invoices (and you specify them in the list)
? Additional Considerations. Virtually if you have corporate account in any bank ? lockbox processing module does the job ? because you map lockbox file at your will in Lockbox Maintenance screen: Cards>>Sales>>Lockbox
? Customization Options. Lockbox is Dexterity piece, so it is in the hand of Dexterity Developer, if you need to improve it for your corporation. VBA Modifier and Continuum are also available. Also feel free to use new tools, such as Extender or eConnect.
Good luck and you can always seek our help in customization, implementation, integration and support. Call us: 1-866-528-0577 or 1-630-961-5918, help@albaspectrum.com
Andrew Karasev is Chief Technology Officer in Alba Spectrum Technologies ? USA nationwide Great Plains, Microsoft CRM customization company, serving Chicago, California, Arizona, Texas, Florida, Georgia, New York, Australia, UK, Canada, Continental Europe, Russia and having locations in multiple states and internationally ( http://www.albaspectrum.com ), he is Dexterity, SQL, C#.Net, Crystal Reports and Microsoft CRM SDK developer
family-safe home cleaners Des Plaines ...Whether you are a small consultancy firm, a medium sized... Read More
When it comes to running an office, the SOHO entrepreneur... Read More
Microsoft Business Solutions CRM data conversion deserves FAQ type of... Read More
Now there are Three Steps To Heaven Just listen and... Read More
Microsoft Great Plains, former Great Plains Software Dynamics, eEnterprise has... Read More
Most computer users use spreadsheets software such as Microsoft Excel... Read More
How to delete the user? This is the first problem... Read More
We would like to give you pluses and minuses of... Read More
Since Version 8.0 Microsoft Business Solutions Great Plains & Great... Read More
Blue Cross and Blue Shield of Hawaii (HMSA) found itself... Read More
I provide, here clear explanations and a count of function... Read More
Are you ready? SQL Server 2005, the next-generation data management... Read More
If you have been using the Internet for any amount... Read More
Are you a whiz at calculating financial information? Not the... Read More
Microsoft Business Solutions Great Plains, Solomon, Navision, Axapta, Microsoft CRM... Read More
When making a decision to buy any piece of software... Read More
What is installation in the language of technology? Installation... Read More
It is now common thing when large corporation selects mid-market... Read More
Microsoft Outlook is one of the most widely used software... Read More
IntroductionSurprised, by the title? well, this is a tour of... Read More
We'll give you non formal view, based on our consulting... Read More
When Windows fails to boot it is normally caused by... Read More
With any good luck and a good amount of hard... Read More
MSN messenger is a pretty cool invention. I mean I'm... Read More
Great Plains Fixed Assets Management module is a robust tool... Read More
interior house cleaning Winnetka ...As we could imagine, if you are reading this article... Read More
The research in the field of Natural Language Processing usually... Read More
We'll give you non formal view, based on our consulting... Read More
MSN messenger is a pretty cool invention. I mean I'm... Read More
How many steps does it take you to locate and... Read More
With so many Microsoft Windows related viruses, errors, and other... Read More
COMMAND LINE FUNCTIONA powerful command line script processor has been... Read More
This short paper will expand on two key reasons to... Read More
Microsoft Business Solutions Great Plains fits to majority of horizontal... Read More
Microsoft Outlook is one of the most widely used software... Read More
.Net Framework is a platform or development environment to seamlessly... Read More
In this small article we will be looking at the... Read More
Features Additionally, Vista will include many other new features.Aero Vista... Read More
According to a survey conducted by InfoTrends/CAP Ventures entitled "Content-Centric... Read More
C/SIDE (Client/Server Integrated Development Environment) - The core of... Read More
Sometimes your PC will start acting strange for no apparent... Read More
Most people don't use Photoshop to its fullest capabilities. Here... Read More
The objective for Zandi Digital is to make available clever... Read More
Vince Lombardi once said that, "The achievements of an organization... Read More
Background: For many organizations like ours, the interim target of... Read More
Microsoft Great Plains, Navision, Solomon and Axapta are Microsoft Business... Read More
Not every software testing project can or should be automated.... Read More
The Internet is reshaping every form of communications medium, and... Read More
Microsoft CRM is CRM answer from Microsoft Business Solutions.The whole... Read More
Microsoft CRM is winning market share step-by-step from such the... Read More
Software |