SmartList is a great way to review and export simple data in Microsoft Dynamics GP. A great example of SmartList’s simplicity is to review the Posting Type setup prior to running the year-end closing process.
In our article covering the Simplified Year-End Closing process, Step 2 is Verify Posting Type on all GL Accounts. It is critical that each GL Account be properly classified as Balance Sheet or Profit and Loss prior to closing the year. How can we do that efficiently? One method is to use SmartList.
Viewing All GL Accounts Using SmartList
Step 1: Open SmartList
Click on the Microsoft Dynamics GP Button in the menu bar and choose SmartList.
MICROSOFT DYNAMICS GP MENU → SMARTLIST
3 Things to Know About Smartlist:
- You can choose what columns you want to display.
- You can search any of those columns using powerful comparison operators based on the SQL Server database engine.
- The default settings limit SmartList to 1,000 records.
STEP 2: Expand the “Financial” folder to find the “Accounts” object.
The “Accounts” object is in the “Financial” folder. Expand the “Financial” folder and select “Accounts”.
STEP 3: Add Main Account Segment Column
The default “Accounts” object in SmartList does not include the Main Account Segment column. However, you need this column to simplify your search for accounts configured with the wrong posting type. Adding a column is straightforward if you know the name; for this exercise, we are looking for Main Account Segment.
STEP 4: Confirm you have all accounts.
SmartList limits the search to 1,000 records by default. In our example, there are 535 Accounts, so we do not need to worry about expanding the search.
If you have more than 1,000 Accounts, you can change the limit in the “Search Window”.
STEP 5: Review the Posting Type for Each Account
Now that you have a listing of all the accounts, you can sort them by the Main Account Segment column and scroll through very quickly to find any mismatches. You can also export to Excel if you are more comfortable with that tool.
You can double-click on an Account for easy access to the “Account Maintenance Window”. That features makes short work of updating the settings.
It is common for Dynamics GP users to miss out on opportunities to be efficient when performing various tasks. We commonly hear from clients that did not check critical data because they thought it was too tedious. This post shows an example of making short work of an otherwise lengthy process.
If you feel like you would benefit from learning more about being efficient in Dynamics GP, please reach out to TelmarContact Us. Our experienced Dynamics GP Consultants can help you learn more about your software and make the best use of your time.
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Telmar Computer Solutions, Inc. is providing the information in this publication as a courtesy, free of charge, to share information with the general public. Nothing in this publication is intended to be, nor should be, interpreted as advice or consultation on any matter, including taxes, accounting, business management, system configuration or operation, or any other similar topic. Please engage the services of an appropriate professional for assistance in these areas. Telmar Computer Solutions, Inc. is not responsible for any loss, including downtime, lost files/data, rework, or other expenses sustained by you, your company, or any person who relies on this publication.
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