We have multiple companies within GP but would like to consolidate our checking accounts into one. Can you create a payables invoice in one company (Company A) and transfer that payable to Company B and pay out of Company B?
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Allison, I am going to hunt around for a bit and will get back to you on this shortly.
We have multiple entities (plants) in GP. Each entity would enter their own payables but we would want to pay the invoices out of one entity (Corporate). The charge would stay at the plant level but the invoices would be paid at the corporate level. Seems like the only way to do this is to restructure everything. One entity, multiple locations. However, if we wanted to sell off a plant sometime in the future, it would be very difficult to move over this data set. That is why our current setup has multiple entities. Hope this makes sense.
Just trying to be clear - you want the Bank Account for all companies one GL, while having the Payable function out on each of the sub companies?
If this is what you are talking about, I am not sure if that is possible, but maybe someone in the community will know or have an idea.
This is great info but we need to be able to pay out of another company. However, with our current setup I don't think we can do that.
Thanks, that is exactly what I was asking. I know that we can move dollars around but was hoping that we could be able to pay out of Company B.
Both of the replies you have below are good ideas, however, you have to be sure of what you are asking.
The Intercompany option from GP will move the dollars in the GL from Company A to Company B but the Payable invoice, the Cheque and all other related details remain in Company A. The GL in Company B will reflect all the actions, but you would not be able to run a Vendor report in Company B to see any of the details.
Hope that helps.
Please have a look on the below link.
www.sanjaykumar.us/.../dynamics-payable-inter-company-example
Hope this helps!!!
Dynamics GP out of the box doesn't offer that functionality. Try 'InterCompany POP to SOP' from Nolan http://www.nolanbusinesssolutions.co.uk/uk
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