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SSi Consulting

Budgeting Features of Microsoft Dynamics GP 2010


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One of the topics that comes up in every discussion I have with existing, new, or prospective SSi Consulting customers has to do with budgets.   Microsoft Dynamics GP 2010  provides us with two simple and powerful new features:  Combining Budgets and Creating Budget Transactions.   

Many organizations send out departmental budgets and are looking for a way to combine these into a single, master budget; AND many organizations would like to, or are required to, track adjustments to their budgets.  With Microsoft Dynamics GP 2010, the time is finally here!    Let me demonstrate the two new features briefly, and you will be amazed at how simple and powerful these new features are to use.

Combine multiple General Ledger budgets into a single, master budget:

  1. Through Financial/Cards/Budgets, select one of the unlimited Budget ID’s you have already set up, or create a new one.   Select the Combine Budgets button at the top of the screen.
  2. You can now select the Master Budget ID and which Budget ID you would like to combine into the Master Budget ID.    Once you click the Process button, your budgets will now be combined.     You can combine unlimited budgets into one Master Budget ID and the amounts will be combined, not overwritten.    You also have the option to delete the budget after it is combined.   Simple!

Create budget transactions

When you need to track transactional change to your budgets, Creating Budget Transactions will allow you to enter and track these changes and inquire and report on them when necessary.    Simply access Financial/Transactions/Budget Transaction Entry.     You can create a Batch ID to enter several transactional changes against a budget, provide a description, calculation method, ranges, etc.     Thank you Microsoft Dynamics GP 2010!     The wait is over!  

by SSi Consulting, Maryland Microsoft Dynamics GP Partner

 

One Response to “Budgeting Features of Microsoft Dynamics GP 2010”

  1. Dieketseng Moremi says:

    Can you please tell me what this budgeting software specifically do,what are the benefits of using it and how much does it cost?

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