Many people have been reconciling their bank accounts online at home for years, but amazingly there are still plenty of companies not taking advantage of this easy-to-use capability provided by most banks and many accounting systems, including Microsoft Dynamics GP. Once the
Bank reconciliation is the easy part. But to really take it to the next level, consider using the SafePay feature of Microsoft Dynamics GP. This software helps to reduce fraud by notifying the bank of all checks which have been issued. Using the bank’s “positive pay” service, no checks will be paid without your prior electronic authorization.
Finally, EFT and Lockbox Processing allow companies to pay their vendors and receive payment from customers electronically – eliminating the need for the extra step of printing and mailing checks, or depositing paper checks.
All of these capabilities are included with the Advanced Management version of Dynamics GP – why not use them?! For
By: Michele Juliana, RSM McGladrey,