Credit Card Expense Management in Microsoft Dynamics GP

Expense control is a key function in the process Rosetta Stoneof controlling corporate costs. Expense Management Solutions are software applications that can process, pay, and audit employee initiated expenses. These costs generally include travel and entertainment expenses, but sometimes might include procurement activities as well. Increasing numbers of purchases are corporate credit card expenses which additionally need to be categorized for GL distribution and reconciled with the employees using the credit cards. Similarly, the cost of the card expense review process itself needs to be contained. This article discusses how you can import and categorize credit card expenses with Rosetta Stone Portuguese in Microsoft Dynamics GP (formerly Great Plains Dynamics) a mid-size to enterprise level ERP Solution from Microsoft. Expense management consists of two processes: - submission of expense claims by the employee (for example logging a hotel receipt or submitting cell phone records) - processing of expense claims within the accounting or ERP system. Expense claims submission Rosetta Stone Spanish Spainusually involves an employee completing a paper or spreadsheet-based expense claim, which they then forward along with the relevant tax invoices (receipts) to their manager for approval. Once the manager has approved the claim, it is forwarded to the Accounting Department for processing. The accounting staff keys each expense item into the Financial System, assigns the respective cost category (GL Account) and files the claim. Microsoft Dynamics GP has an Expense Management add-on, eExpense, that provides online expense reporting and submission capabilities. It is a feature-rich product which helps businesses automate their Expense Reporting and submission, but unfortunately Dynamics GP eExpense does not provide discount rosetta stone a good interface for managing the categorization of corporate credit card expenses. Many companies provide corporate credit cards. Managing the categorizing and reconciling of credit card statements at month-end can be cumbersome and time consuming and may tend to extend the closing process.