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Real-world Business Intelligence with Microsoft Dynamics GP

You're reading from   Real-world Business Intelligence with Microsoft Dynamics GP Become an expert at preparing reports using Dynamics GP quickly and efficiently

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Product type Paperback
Published in May 2015
Publisher
ISBN-13 9781782177241
Length 364 pages
Edition 1st Edition
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Authors (2):
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Mark Polino Mark Polino
Author Profile Icon Mark Polino
Mark Polino
Belinda Allen Belinda Allen
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Belinda Allen
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Table of Contents (13) Chapters Close

Preface 1. What Is BI and What Are BI Tools for Microsoft Dynamics GP? FREE CHAPTER 2. Business Intelligence for the General Ledger 3. Business Intelligence for Bank Reconciliation 4. Business Intelligence for Payables Management 5. Business Intelligence for Receivables Management 6. Business Intelligence for Sales Order Processing 7. More Business Intelligence on Sales Order Processing 8. Business Intelligence for Inventory Control 9. More Business Intelligence for Inventory Control 10. Business Intelligence for Purchase Order Processing 11. Miscellaneous Business Intelligence Index

Chapter 3. Business Intelligence for Bank Reconciliation

No matter what business you are in, regardless of whether you are a "Not for Profit", "For Profit", or "No Profit but Want to Make a Profit" organization, you need cash to operate; no exceptions. You need cash to pay your staff, buy office supplies, buy inventory, rent your office space, pay utilities, and so on. We could write a list with hundreds of items on it for which we need cash. How closely do you monitor your cash? How often do you reconcile your account with the bank? If cash is the "life source" of our businesses, we need to keep close tabs on it with bank reconciliation.

Many years back, before safe pay (GP module) and positive pay (bank service) were popular, a company that used GP found a fraudulent activity while reconciling the bank account. An employee at the company was changing the amounts on the check before cashing the checks. This was found quickly as the company...

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