TIP - Recording a Rebate or Refund from a Vendor

Let's say you buy enough office supplies to get a $100.00 cash reward. The vendor sends you a $100.00 check. You could create a deposit in the Bank Rec module, but then you wouldn't have a record of your good fortune with the vendor.

• Step 1: To record this $100.00 check and keep it linked to the vendor, use the Document Type Return in Payables Transaction Entry.
• Step 2: Put the amount of the refund in the Returns field and in the Check field. When you post the transaction, you will have evidence of it in the vendor record and the check will be waiting for you to deposit in the check register.
• Step 3: The $100.00 check is waiting to be deposited.

Compliments of GPUG

Payroll Tax Update - Round 3

Microsoft has released the 2012 U.S. Payroll Tax Update - Round 3 tax update for Microsoft Dynamics GP 2010 and v10.0.

Changes in this update include:

• Illinois
  
• Missouri
  
• Puerto Rico

This is a tax table update only. NO FICA changes needed as the 4.2% tax rate was extended.

Download Links:

• v 10.0 Update
  
• v GP2010 Update
  
• Instructions

Once installed, the Last Tax Update date will be 2/24/2012 under Tools Setup Setup Payroll Tax.

The 941 form was released this week. Microsoft is reviewing it for changes, if any, that may need to be made: http://www.irs.gov/pub/irs-pdf/f941.pdf.

If you have any questions, please contact support@collinscomputing.com or call (888) 391-6690.

Get Connected with Connect in Dynamics GP2010

Get the latest information from within Dynamics GP2010. The Connect area displays a series of slides that allow you to view the most up-to-date information pertaining to the areas of Dynamics GP that you work with every. Read the most recent forum posts, community blogs, CustomerSource news, review upcoming payroll compliance updates, service packs and hotfix releases and much more.

Click "Home" in the Navigation Pane and check out the Connect area today!

If you do not see the Connect area on your home page, perform the following steps:

1. In the upper right-hand corner of your home page, click Customize this page.
   
2. In the Customize Home Page window, click the checkbox next to Connect under the Mark content display area.
3. Under the Define the page layout area, choose the location of where you want the Connect area to appear.
4. Click OK.

Get Connected with Connect in Dynamics GP2010 today!