Auto Deposit Cash Receipts - New Feature as of Dynamics GP 2016

Jo deRuiter / February 08, 2018
Auto Deposit Cash Receipts - New Feature as of Dynamics GP 2016
By now, a good many GP Customers have upgraded to GP 2016. There is a new feature available in GP 2016 that many of you will find very useful and time-saving.

If your process when receiving cash in the Sales Module is to deposit all the checks from a given batch into your bank at the same time, then are you in luck!

In GP 2016 you have the capabilities of doing 1-step depositing to the bank module! Now, I know that this "feature" appeared in earlier versions but that, when posted it created a single deposit and did not combine the deposits into what was taken to the bank.

That changes in GP2016.  

To enable the feature, go to Administration>Company>Options and scroll down a bit to mark off the last option "Automatically Post Cash Receipts"
 

Click "Okay" and "Okay" and then start saving some time!

Now, go ahead and deposit your receipts into a batch and when you post it in the Sales Module it will automatically show up in the Bank Module - No more duplicating effort!

Here is the batch in Receivables for the Cash Receipts:
 




And, here you can see where the batch of two different receipts were combined into the one bank deposit in the bank module!



The only caveat t this is that the deposit will always hit the bank module as of the system date of your Dynamics GP.  

Enjoy!!

 
Jo deRuiter
About the Author


Jo deRuiter
Senior Consultant

Jo deRuiter’s expertise is financial information systems, specifically Dynamics GP.  With more than 20 years of valuable experience in the field, she serves as a senior consultant in the financial systems group. Jo proficiently analyzes business objectives and requirements, providing clients with business management solutions that meet their needs. Jo is also proficient at SQL and other necessary networking related to financial systems and is a talented problem solver – troubleshooting hundreds of GP and related software issues for clients nationwide and providing creative and detailed resolutions.

Certifications:

  • Microsoft Certified Professional – Dynamics GP Financials
  • Microsoft Certified Professional – Dynamics GP Installation and Configuration
  • ​Dynamics Credentialed Professional: Core Financials Setup and Functionality
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