If you are making large payments to a vendor on a scheduled basis, such as for a vehicle or other large piece of equipment, you may want to take a look at the Scheduled Payments feature in Dynamics GP.
The Scheduled Payments component of the Accounts Payable module will allow you to create a schedule based on the amount of the loan, the interest rate and the term of the loan. It will produce an amortization table as well as allow you to default the transaction information to save you time.
If this is something you think you may be interested in taking advantage of, we’d be happy to talk with you further to see if using scheduled payments is right for your organization.
Learn more about other underused features in Microsoft Dynamics GP.